Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "'Jes has had a long career in banking doing a lot more than the securities business,' said Roy Smith, a professor at New York University and a former Goldman Sachs Group Inc. banker. 'But that’s a tough part of Barclays’s business for it to get right. Jes’s experience at the top levels of J.P. Morgan can only help."'

Excerpt from BBC -- "There are plenty of jobs where you don't actually have to be physically co-located with the customer... and certainly for those kinds of jobs, I think you're not really constrained as much as you were by immigration policy or by whether the person is actually in the same city as the customer... For the jobs where the geographic barriers break down and anyone from anywhere can provide work, you do see in the short run sort of a downward pressure on wages, but for a lot of the other jobs where actually being physically present in the same place is important, I'm actually seeing an increase in wages relative to the US averages."

Excerpt from BusinessBecause -- "At NYU Stern School of Business for example, the accounting department is developing new courses in statistical and data analysis, says Alex Dontoh, professor of accounting and deputy chair of the department. He says there is a 'need for students to develop technical skills in data analytics and information technology, in order to stay relevant in the professional accounting marketplace'."

Excerpt from Orange County Register -- "Orange County currently has eight EB-5 projects getting $404 million from EB-5 investors. Ninety percent of that investment is at the $500,000 level. That makes sense: If your choice is to invest $500,000 or $1 million to get the same green card, you’re going to choose the smaller investment, said Gary Friedland, a lecturer and research scholar at New York University who co-authored a study of EB-5 projects. 'It’s a no-brainer,' he said. “That’s why the developers do cartwheels to make sure their development qualifies as a TEA.'"

Excerpt from TechCrunch -- "Each week brings more Uber stories, with some containing good news for those who believe that the company is on a glide path to a $100 billion IPO, and some containing bad news, which evoke predictions of catastrophe from Uber doubters. For me, the test with each news story is to see how that story affects my narrative for Uber, and by extension, my estimate of its value."

Excerpt from The New York Times -- "On average, from 1990 to 2005, when a stock was added to the S.&P. 500 — effectively requiring many investors to hold the stock for the first time — the mere inclusion added almost 9 percent to share prices, according to Jeffrey Wurgler, a professor of finance at New York University."

Excerpt from Marketplace -- "Notes Scott Galloway, a professor of marketing at New York University’s Stern School of Business, all feedback on content is useful to companies. 'And then you can make an adult decision about whether you want to stop putting it out there.' Which is exactly what Facebook is doing with its new emojis – finding out how Irish and Spanish users feel about them."

Excerpt from SarderTV -- "On the business side, what our data suggest is that if you have inflated intuitions about how globalized the world is, you're also much more likely to agree with, at least within the field of international business, what are treated as highly dubious propositions, like 'globalization means competing exactly the same way everywhere around the world.' This hurts profits, because companies still are quite separated as these low levels of cross-border flows indicate."

Excerpt from Vox -- "The concern is that this foreign currency cross-border corporate borrowing will put emerging market economy financial systems at risk when the Fed inevitably begins to raise rates."

Excerpt from The Wall Street Journal -- "The private-company numbers suggest slowing growth for larger companies, said Edward Altman, a professor at New York University who helped create the Golub Index. He said there’s a high rate of correlation between the Golub index and public company performance, suggesting big companies will report weaker growth during the third-quarter earnings season, which begins this week."

Excerpt from The Daily Beast -- "The paper suggests that, instead of engaging in a technological race with producers of hate content, policy should be implemented to educate youth on digital media, racial and social justice, stereotypical messages, and how to interpret multiple meanings."

Excerpt from Business Insider -- "[Professor Scott Galloway's] research has shown that customers want a multi-channel experience, and that Bonobos is smart to expand its physical presence. 'I don't believe any pure-play e-commerce firm will survive,' he said."

Excerpt from Business Times -- "The Singapore Exchange (SGX) is a truly unique pan-Asian exchange with a fully-integrated value chain, which includes trading and execution, clearing and settlement, and depository services. Apart from being Asia's most international exchange for equities, with over 40 per cent of listings originating from outside of Singapore, it also boasts of a robust derivatives exchange hosting the world's biggest offshore market for Asian equity index futures."

Excerpt from OZY -- "... if the energy revenues lift the Egyptian pound’s value, 'it will be more difficult for domestically produced Egyptian goods to find foreign markets,' warns George David Smith, a professor of international business at New York University’s Stern School of Business. He and others have also pointed out that the country has traditionally been blighted by corruption. 'We’ve not had a regime in recent memory that has been more interested in economic growth than it has been in staying in power,' says Smith."

Excerpt from Bloomberg -- "The global economy is levering up rather than the reverse. There's a useful McKinsey Global Institute study that documents that. That's not the direction we want to go. We don't want to try to create additional demand by levering up."

Excerpt from Business Insider -- "... for those who've got minimal time and attention to spare, there's a simpler strategy that can help you stand out in virtually any circumstance: Channel the confidence to act like a leader by recalling a time when you felt powerful. The technique is based on a study by Gavin Kilduff, Ph.D., and Adam Galinsky, Ph.D."

Excerpt from CIO -- "'These results hold even for firms that met or exceeded analyst expectations for the quarter and have a history of consistently providing guidance in previous quarters,' the authors said. 'Since guidance has been shown to be beneficial to capital market participants in many ways, reduced guidance has meaningful market implications.'"

Excerpt from Reuters -- "'Uber is adopting the shock-and- awe strategy,' said finance professor Aswath Damodaran at New York University's Stern School of Business. 'I think it's a very high- risk strategy.'"

Excerpt from Commercial Observer -- "Before Congress grapples with the difficult task of how to define the geographical area that qualifies as a TEA, it must first update its vision for the program. And this raises many questions. Does Congress wish to encourage investment in rural and depressed areas? Does it care where the workers live? Does it matter whether the jobs likely would have been created even if the program didn’t exist?"

Excerpt from The New York Times -- "'This time last year few politicians were paying attention to the work force that powers these start-ups, and now they’re trying to figure out how to protect them,' Professor Sundararajan said."

Excerpt from The Economist -- "Researchers at Wharton Business School, Columbia University and New York University wrote an identical e-mail to 6,500 professors, ostensibly from students wanting to meet the academic. White men got notably more responses than other groups; Asian-Americans of both sexes got fewer."

Excerpt from BBC -- "... if you look at the overall statistics, what's basically happened is Asia has traded places with the European Union in terms of its share of world income. That's the positive in terms of growth. ... [Asia is] still at just 30% of European Union per capita income, and despite faster growth, that might increase to 40-42% by 2030."
 

Excerpt from The Huffington Post -- "...businesses can start on a new course in one day that will change them forever. All it takes is a willingness to embrace new ways of thinking."

Excerpt from The New York Times -- "Eduardo Dávila, an assistant professor of finance at New York University’s Stern School of Business who has studied these taxes, issued an additional important reminder: All too often, these discussions forget about the good that the new tax revenue could do. In this instance, Senator Sanders wants to use it for free public college education."

Excerpt from CNBC -- "Eventually, Uber's most powerful weapon in these battles that they fight in different cities is to sort of amass sufficient consumer support after they sort of establish that they are in fact like, you know, a good service in a particular city. So it's not surprising to me that like, you know, they've taken the approach of, sort of grassroots rather than high powered lobbyist."