Experience Stern | News & Events

Excerpt from NHK -- "I think that [mindful leadership] is no longer a 'nice to have' to train your innate capacities of your mind. It's something that we simply have to do. Just as we know that to live our best lives, we need to train our bodies, we also know now that to live our best lives, we need to train our mind."
 

Excerpt from Fox Business -- "I think that we have not had a public discussion about man-made climate change and whether carbon and other greenhouse gases are causing that man-made climate change. And we cannot have that conversation in the Congress. Obviously, that is not the right place to do it. It's become such a political discussion. The EPA, given their technical background, I think is probably the closest we will come to an organized public debate. And I think in the first year that the Endangerment Rule was rolled out and carbon dioxide was labeled a pollutant, there were a number of problems, I think, with that process. It was rushed. The actual source research that they used, we have 10 more years now of information. We have 10 more years of climate models misfiring. And I think we need to look at it with fresh eyes."

Excerpt from Reuters -- "Thomas Philippon of New York University, who has studied pay among investment banks, said they had been too slow to cut. 'They reduced the wage bill mostly by cutting staff, not by cutting wages,' he said, commenting on the sector."

On March 31, Stern Women in Business (SWIB) will host the 25th annual “Stern Women in Business Conference” focusing on discussion to show up, stand up and speak up for gender equality. 

Excerpt from Luxury Daily -- "The initiative simply means greater business opportunities for high-quality manufacturers and greater creative potential for designers. It is a win-win proposition with great revenues potential for both parties."

Excerpt from Newsmax -- "On average, a stock being added to the S&P 500 Index gains 9 percent, according to NYU professor of finance Jeffrey Wurgler. That means that, in an overvalued market, stocks that are also in an index are likely to be even more overvalued. It’s where money is passively going, whether it’s a good investment decision or not."

Excerpt from Forbes Poland -- "'I don't think the title of the richest man in the world is important to Zuckerberg. He's striving for long-term dominance of Facebook as a social platform, and also wants to use its position and money to influence the world,' says prof. J.P. Eggers of New York University Stern School of Business."

Excerpt from The Wall Street Journal -- "'One is for the more risk averse,' said George David Smith, a professor at New York University’s Stern School of Business, referring to the proposed GM share classes. 'The other is for those who are willing to bet on earnings.'"

Excerpt from the Los Angeles Times -- "But AI won’t just affect driving, of course, it will soon affect every worker who processes transactions, and that includes white collar jobs. Already, machines are out-performing humans at storied investment banks like Goldman Sachs, where four traders can be replaced by one computer engineer and a handful of complex trading algorithms with machine-learning capabilities."

Excerpt from MarketWatch -- "Mueller and Yannelis’ research indicates that the policies the government offers to help borrowers avoid this outcome are somewhat effective. Federal student loan borrowers have the ability to pay back their loans according to their income. These plans also offer borrowers the opportunity to discharge their loans after at least 20 years of repayment. Mueller and Yannelis’ research indicates that these plans are at least partially successful at protecting borrowers from the income and employment shocks that can come from falling home prices -- as long as borrowers sign up for them."

Excerpt from The Wall Street Journal -- "Tough Task: A report from the NYU Stern Center for Business and Human Rights says companies are having a hard time trying to manage risks associated with the human rights records of individual companies because of a lack of reliable, accessible information."

Excerpt from The Atlantic -- "'Every other company isn’t betting the company’s future on self-driving cars,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'Google will be fine. Uber is the one company in the world who has really made this all-or-nothing bet.'"

Excerpt from Poets & Quants -- "Finally, as if this year’s list wasn’t epic enough, there’s one school setting a new record. 2017 marks the very first time that three professors under 40 all hail from one school. At NYU’s Stern School of Business, Lisa Leslie, Ilan Lobel, and Nathan Pettit are three truly extraordinary professors, all housed under one academic roof, each making highly recognizable names for themselves in B-school academia."

Excerpt from The New York Times -- "For Mr. Galloway at N.Y.U., the slow pace of Amazon’s rollout of stores is a sign that it has not figured out physical retail yet, and that has surprised him. Five years ago, he believed Amazon would have hundreds of stores by this time. 'What appears to be clear is they haven’t yet zeroed in on a format they’re willing to massively scale,' he said. 'This is a company that the moment it figures out something that works, it puts nuclear energy behind it.'"

Excerpt from AEI -- "Hamilton is made Secretary of the Treasury in 1789, and because he's been planning this for nearly a decade, he hits the ground running. And what he does in a very short time is introduce most of the elements of the modern financial system."

Excerpt from Forbes -- "Great apps help consumers find information and do tasks more quickly and easily. Generating app awareness and convincing consumers they're worth downloading, is a monumental challenge. As long as apps are still here, there are important lessons for making them as simple, fun and useful as possible, so I asked three successful developers their opinions on what makes a great app, and where apps are headed next."

Excerpt from Quartz -- "While HCL is both able to subsidize education for aspiring engineers— especially for those who may not be able to afford a college education—and create model employees, Anindya Ghose, a professor at New York University’s Stern School of Business, warns against the limitations of the strategy. 'These employees may get "locked in" because they are sacrificing the traditional degree programs that the market on the whole values,' Ghose told Quartz."

Excerpt from The Wall Street Journal -- "There is, no doubt, something attractive about joining a new state uncorrupted by a past, especially now, when more and more of us seem willing to entertain radical critiques of our world as we have come to know it, wishing we could turn it on its head or, better yet, get away from it all and sail into unimaginable adventures on the high seas. Joe Quirk, a senior staff member of the Seasteading Institute, and Patri Friedman, its chairman, present themselves as bearers of good news, a highly prized commodity these days. They have published a book-length manifesto envisioning a large number of new floating city-states in international waters that could eventually house as many as a billion people."

Oisin Hanrahan, CEO and Co-founder of Handy, joined Professor Luke Williams, MBA students and alumni for a 2016-2017 Langone Speaker Series event.

Excerpt from the Financial Times -- "After the 2008 crisis many economists devised charts showing the parallels between the modern era and interwar years, in terms of national debt levels, bank leverage, stock market bubbles and monetary policy. One of my favourite of these is a graph created by the economists Ariell Reshef and Thomas Philippon that shows how the ratio of banker pay to non-banker pay last decade was an uncanny echo of that seen 90 years ago."

Excerpt from Quartz -- "'Transparency is desirable for many different kinds of stakeholders and perhaps unsurprisingly, all frameworks reward companies for being transparent,' the report states. 'But with respect to social measurement, transparency is too often treated as an end unto itself; companies are rewarded simply for the act of disclosing, rather than delivering particular outcomes.'"

Excerpt from BBC -- "The former governor of the Bank of England, Lord Mervyn King, says 'Scotland certainly could be an independent country' and he does not see any major problems in terms of its currency."

Excerpt from The Atlantic -- "'By now, it’s becoming increasingly apparent that the issues that are putting Uber in the news frequently don’t have much to do with either its business model or its identity as a tech company,' Sundararajan said. 'If there is a serious reduction in Uber’s value over the next year, the lesson that people will take away is one of better corporate governance for early-stage tech companies—so that, as they get into a later stage, they are not in a position where the tradeoffs they made early-on ended up being more harmful than good.'"

Excerpt from CCTV -- "The recall happened in 2014 for models that were from 2001 to 2009. So many consumers looked at that and said, 'those are for older cars'. So even though GM sales did not go down on its new cars and new models after that recall, there was a significant drop in the sales and the sale prices of those second hand models."

Excerpt from The New York Times -- "Millions of dollars of capital for the project came from Chinese investors hoping to qualify for visas through the immigrant investment program known as EB-5, an initiative that enables wealthy foreign investors to put themselves on a path to United States citizenship."