Experience Stern | News & Events

Excerpt from CNBC Africa -- "... if you look at the level of urbanization and the level of living standards, they track quite well across counties around the world. And Nigeria is right on trend. It's right in the middle of the trend, in fact. So for the level of urbanization that it has, its living standards are just about where you'd expect them to be."

Excerpt from The Hill -- "New York University professor Nicholas Economides, the only witness who supports the rules, said that the economic impact of the entire Internet marketplace, and not just Internet service providers, should be taken into account. Echoing analysis from the FCC, he noted that even if broadband investment declines because of the rules, different areas would see increases because of new protections."

Excerpt from eFinancialCareers -- "How safe are regulatory jobs? Credit Suisse suggests that banks are offshoring some of their regulatory jobs, but only at the junior end. 'Banks still need compliance and control skills,' says Roy Smith, a professor at NYU Stern and former partner at Goldman Sachs."

Excerpt from The Economic Times -- "'VCs are pricing these companies at very large numbers. This pricing reflects the expectation that disruption is coming to many Indian businesses, which have historically been poorly run, inefficient and splintered,' said Professor Aswath Damodaran of the Stern School of Business at New York University. 'Whether they are being overly optimistic in their assessments, only time will tell for the individual companies,' he added."

Excerpt from International Service for Human Rights -- "Going forward a new approach to supply chains is needed. It should be based on: 1. an industry specific, standards based approach; 2. an assessment of the range of serious risks across each end-to-end supply chain; 3. a new remedial model that shares the costs and commitments among public and private actors; and 4. engagement with human rights defenders, trade unionists and community representatives both in developing standards and monitoring implementation and compliance."

Excerpt from the Los Angeles Times -- "'If history is any guide, tech geeks are just as capable of greed and irrational exuberance as bankers are.' [Damodaran] valued Uber then at around $6 billion, but he has since brought his number up."

Excerpt from The Wall Street Journal -- "We believe that QE has redirected capital from the real domestic economy to financial assets at home and abroad. In this environment, it is hard to criticize companies that choose 'shareholder friendly' share buybacks over investment in a new factory. But public policy shouldn’t bias investments to paper assets over investments in the real economy."

Excerpt from The Hill -- "New York University professor Nicholas Economides will argue that the economic impact of the entire Internet marketplace, and not just Internet service providers, should be taken into account. He also says the drop in capital expenditures can largely be traced back to an AT&T plan announced before the rules were approved."

Excerpt from Fortune -- "'Best Buy is one of the most impressive turnarounds in retail over the last decade,' says Scott Galloway, marketing professor at NYU Stern and founder of brand-research firm L2. 'Three years ago the conventional wisdom was they were a carcass that had just been run over by Amazon.'"

Excerpt from Marketplace -- "Arun Sundararajan, a business professor at New York University, said there are also people who are working side jobs. 'People who are working part time on things, in their minds, they might not consider it a job,' he said."

Excerpt from Quartz -- "The thing [Jet.com] has going against it is simple: Amazon. What are they doing that Amazon can't replicate if and when this becomes a competitive threat to the Seattle-based behemoth?"

Excerpt from Bloomberg -- "Cities worldwide have grappled with how to regulate sharing-economy companies that operate outside existing rules, which didn’t anticipate these new business models, said Arun Sundararajan, a business professor at New York University. San Francisco is 'certainly not alone in recognizing that coming up with the right set of regulations, and coming up with the right division of responsibility between the government and the platform, is challenging,' he said."

Excerpt from Luxury Daily -- "'Video is paramount in promoting brand stories as much as it is in showcasing product. M2M content, 'the new face of fashion storytelling,' is thoughtfully designed around the customer’s wish to learn more about favorite brands, designers and fashion icons as well as to be immersed in experiences,' Ms. Serdari said. 'While we know that there has been substantial progress in technology that supports shoppable video, at the moment, M2M is more about contextualizing the work of designers as well as interpreting the identity of brands.'"

Excerpt from Financial Times -- "It is 25 years since Paul Romer published a seminal paper on the role of ideas and knowledge in the sustained growth in living standards. The core insight was that because ideas are 'non-rival' — one person’s use of an idea doesn’t leave any less over for others to use — discovery and innovation enables economies to achieve increasing returns to scale: producing more than one-for-one with the amount of inputs that go into the production process. That, in turn, is what makes it possible for material living standards — the amount we produce per capita — to grow continuously."

Excerpt from JoeGeni.com -- "What's amazing to me is that 14% of global employment is in manufacturing, and with the expansion of the global economy, jobs in these supply chains are incredibly important, particularly in poor places where investment from global companies has been transformative. I've done all this work on Bangladesh and the garment sector there. It's the second biggest garment sector in the world. It's incredibly important to Bangladesh's growth."

Excerpt from Fortune -- "'There’s nothing that one can think about Bernie Sanders that is going to be interpreted as a good thing from the perspective of the firms that are in or around the financial sector,' [White] says."

Excerpt from New York Magazine -- "Schweitzer and Galinsky point to a study by New York University psychologist Gavin Kilduff, who found that people tend to perform better when their rivals are present, as compared to their performance against random strangers."

Excerpt from New York Magazine -- "The theory, pioneered by NYU social psychologist Jonathan Haidt... argues that humans respond to five different sets of moral concerns."

Excerpt from RT.com -- "Here's where we have to separate the company from the investment. I like Tesla as a company. It think it's a company that's disrupting a business that needs to be disrupted. The automobile business is an awful business. It's badly managed, badly run across the board. So I think Tesla is disrupting the right business. I even like Elon Musk. I mean, I think he's a little over the top. But he's exactly the kind of CEO that a company like that needs: a PR machine, which is everything he does creates publicity. But Tesla, it has been, in a sense, been selling investors in what I call 'the big story,' which is 'we're going to be a big company. We're going to succeed.'"

Excerpt from MarketWatch -- "Stock market crashes are inevitable, and we’re kidding ourselves if we think otherwise. That, at least, is the stark conclusion to emerge from research conducted several years ago into the frequency of crashes: 'Institutional Investors and Stock Market Volatility,' by Xavier Gabaix, a finance professor at New York University, and three scientists at Boston University’s Center for Polymer Studies: H. Eugene Stanley, Parameswaran Gopikrishnan and Vasiliki Plerou."

Excerpt from Bloomberg -- "I just think [Yahoo] has been a soap opera that's gone on two or three seasons too long. It should be sold. It is a great asset. It's the most trafficked website in the world."

Excerpt from Financial News -- "Existential events are not often fatal, but few companies escape the years of lacklustre performance that follow the thumping that the events engender. Boards of big business companies need to wake up and recognise that they can lower the probability of such events in the future by reshaping the cultures and middle management cadres that have enabled them."

Excerpt from The Wall Street Journal -- "Stereotypes in general—negative and positive—are entrenched in part because they help us take cognitive shortcuts. By offering a way to 'automatically categorize people into social groups,' they allow us to 'free up mental energy to' live our daily lives, says Michael North, an assistant professor of management and organizations at New York University’s Stern School of Business."

Excerpt from Voice of America -- "TPP opponents say the deal means disputes between businesses and governments can be resolved by arbitrators, a process they contend gives too much power to unelected officials. That provision drew the ire of New York University professor and former IBM official Ralph Gomory. Gomory told Voice of America this provision of a three-person panel to decide any controversy that might arise 'is not a democratic process.' He says 'it’s a process of a few people who are appointed and make a judgment.'"

Excerpt from CNBC -- "But, Damodaran said Uber's challenge is going to be showing how profitable it really is, especially with increasing competition. 'Investors are willing to wait a really long time and Uber may very well be able to convince investors, but I think the biggest challenge they face is, unlike a year ago when the competition was small and splintered, they are now playing against the big boys in their own game.'"