Experience Stern | News & Events

Excerpt from The Economist -- "Investors, whose priority is usually citizenship rather than a financial reward, have shown themselves willing to accept returns of less than 1%. After intermediaries have taken their cut, the cost of capital to developers is typically 4-6%, about two thirds lower than conventional sources of finance for the industry, according to Gary Friedland, a real-estate expert at New York University. Kushner Companies will save $30m-40m by financing 15% of its new property with EB-5 visas, he estimates."

Excerpt from Luxury Daily -- "The program is geared toward students with an interest in managerial roles in luxury sectors such as apparel and accessories, beauty, jewelry, automotive, fine wines and spirits, real estate, wearable technology and other verticals. NYU Stern has developed a Stern Fashion Lab, a new central hub for luxury-related projects and networking. Stern Fashion Lab’s advisory board includes senior executives from Fashion Culture Design Unconference, Resonance Companies, Ferrara Manufacturing Company, FirstMark Capital, Gilt Groupe and Rebecca Minkoff."
 

Excerpt from the Financial Times -- "'Regulation is part of the issue, but not the issue,' Steven Bochner, partner at Wilson, Sonsini Goodrich & Rosati said at conference on the topic sponsored by the Securities and Exchange Commission and New York University Salomon Center for the Study of Financial Institutions."

Excerpt from The New York Times -- "Professor Baumol, who taught for decades at both Princeton University and New York University, identified what has come to be known as Baumol’s cost disease. This so-called affliction is actually a critically important economic insight that explains why the cost of services, like haircuts and college educations, rises faster than the cost of goods, like T-shirts."
 

Continuing an annual tradition, NYU Stern faculty and guests gathered to celebrate the School’s community of scholars and to recognize excellence in research and scholarship, excellence in teaching, excellence in mentorship, excellence in influence and excellence in innovation.

Excerpt from Luxury Daily -- "'It allows McLaren to gain brand equity through a new channel of communication, namely gaming, an area still out of limits for most luxury brands,' [Serdari] said. 'McLaren is pioneering a bridge between the real and virtual worlds in a way that no other luxury brand has attempted before.'"

The U.S. Securities and Exchange Commission (SEC) brought 44 new enforcement actions against public companies or their subsidiaries (public company–related defendants) in the first half of fiscal year 2017, according to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research. Issuer Reporting and Disclosure remained the most frequent type of allegation against these defendants.

On May 9, the NYU Stern Ross Institute and Salomon Center will co-host a conference entitled, “The Changing Role of Stock Markets in Capital Formation”. 

On May 9, the NYU Stern Center for Real Estate Finance Research, Salomon Center, and S&P Global will host a conference entitled “Risk Insight Live: Risky Management For Commercial Real Estate Financial Markets Agenda.”

Excerpt from The Daily Beast -- "[Haidt's] latest project, The Viewpoint Diversity Experience, 'takes students on a six-step journey, at the end of which they will be better able to live alongside—and learn from—fellow students who do not share their politics.'"

New York University Stern School of Business is launching a new category of specialized MBA, optimized for MBA seekers who are firmly committed to business careers either in technology or in fashion and luxury.    

Excerpt from Poets & Quants -- "I chose Stern because I felt it was the best place for me to take a multi-disciplinary approach to my intended specializations of real estate, finance, and social innovation & impact. New York City had already become a second home for me, and the opportunity to be in school in downtown Manhattan and the access that provides — as well as the diverse, interesting people it attracts — was a really exciting prospect."
 

Excerpt from Poets & Quants -- "For a school that has recently introduced initiatives ranging from a center focused on human rights and business to a specific financial technology (fintech) track for full-time MBAs, an emphasis on constant programmatic innovation is something Stern has embraced, Henry says. 'This is a really exciting time.'"

Excerpt from Barron's -- "In a recent conversation with Barron’s, Lev pointed to one such clue for Amazon: Though it holds fewer patents than Alphabet, its patents are cited more often in filings by others, suggesting they’re more valuable. ... Amazon has changed the relationship between companies and investors by replacing profit with growth and vision, according to a colleague of Lev’s, Scott Galloway, an NYU marketing professor and founder of digital-research platform L2. 'Loss is the new black,' he told attendees at a conference last month, citing the willingness of upstarts like Uber to lose steep and growing sums. 'You can argue this might not end well…but the reality is retail investors love this model.'"

Excerpt from The New York Times -- "For the moment, the stock market remains entranced with what Apple is doing financially, and for understandable reasons. Apple may no longer be a great growth company but it is still extraordinary, said Aswath Damodaran, a New York University finance professor, who has analyzed Apple’s earnings closely since 2010. Come what may, he said, Apple churns out staggering quantities of money with metronomic regularity. 'Apple is the greatest corporate cash machine in history,' he said in an interview. 'We should appreciate that amazing achievement. The problem is, it’s not growing much. It’s a slow-growth cash-generating machine.'"

Excerpt from The New York Times -- "'It is important to remember when we talk about investors in the bond market, we’re not talking about Mom and Pop sitting around the dining room table figuring out what to do with their 401(k),' Professor White said in an interview. 'The overwhelming bulk of bond holdings are by institutions that you’d expect would have enough expertise to figure out who’s a good advisory firm.'"

Over 500 students, alumni and faculty members from 17 schools and divisions across NYU’s global campuses entered the Entrepreneurs Challenge, hosted by the W.R. Berkley Innovation Labs.

Over 500 students, alumni and faculty members from 17 schools and divisions across NYU’s global campuses entered the Entrepreneurs Challenge, hosted by the W.R. Berkley Innovation Labs.

Excerpt from WIRED -- "'Airbnb is clearly the market leader in home sharing, and it has its eye on the public market in the not-so-distant future,' says Arun Sundararajan, a business professor at New York University who studies the so-called sharing economy. 'It’s good for them not to have outstanding lawsuits—it reduces the perceived regulatory risk.'"

Excerpt from Bloomberg -- "More lenders may be interested in these kind of deals as data continues to show 'that companies with good sustainability performance tend to have lower risk and thus lower cost of capital,' Tensie Whelan, director of the Center for Sustainable Business at NYU Stern School of Business, said May 1. 'It is a win-win — it rewards better sustainability performance by companies, reduces risk for lenders, and provides value to society.'"

Excerpt from The Economist -- "A book published in March by academics at the Stern School and NYU’s law school, 'Regulating Wall Street: CHOICE Act vs Dodd-Frank', compares the two acts, section by section. It argues that Dodd-Frank has made the American financial system safer, both since the crisis and relative to those of other large countries; but its many pages and associated rules have not got to the heart of systemic risk, and are more burdensome than necessary."

Excerpt from Reuters -- "'This is central to Uber,' said Arun Sundararajan, a professor at New York University and author of the book 'The Sharing Economy,' noting that Uber has more at stake than some of its rivals. 'If Google can't launch their self-driving car for 10 years instead of five, this will be a little blip in Google's multibillion-dollar revenue. Uber is the one that really depends on it.'"

Excerpt from Reuters -- "They found that the investment gap is driven by firms in sectors with less competition which elect to prioritize financial engineering and share buybacks over investment. Interestingly, these firms tend to be owned by institutional shareholders which shadow the equity indices, and who perhaps prefer short-term management, in line with their own career risk, over long-term investment."

Excerpt from The New York Observer -- "'Amazon has essentially changed the relationship between companies and shareholders,' Galloway said. 'And that is, it has replaced profits with vision and growth.'"

Excerpt from The Atlantic -- "Sarah Labowitz and Dorothée Baumann-Pauly, the authors of the study, found that of the 3,425 inspections that took place in Bangladesh in the wake of the Rana Plaza collapse, only eight factories have fixed enough of their violations to pass a final inspection, despite the fact that brands, nonprofits, and other organizations have poured more than $280 million into safety-improvement efforts. Labowitz and Baumann-Pauly estimated that the two 2013 safety initiatives still left out more than half of the country’s 5.1 million garment-factory workers."