Experience Stern | News & Events

Excerpt from Fox Business -- "When you're talking about economic growth, it is innovation that's the driver of that growth. So the way you increase growth, you have to have a vested increase in increasing the pace of innovation. And the way you increase the pace of innovation is increase the exchange of ideas - or between different industries. So, New York has a tremendous advantage because it's not just tech.... you know, fashion, media... it's all mixing of ideas."

Excerpt from Business News Network -- "I think that when we, nowadays, have so much electronic trading, and we have guidelines on what type of collaborations among competitors are allowed, having five competitors chatting live in a way that is not disclosed to the market on what the prices of gold, on which they have a variety of derivatives benchmarked on, and at the time when they themselves are trading for their clients and their own books, and nobody is monitoring... and ensuring that this process is robust, that is extremely problematic. It's very problematic also because we do see the patterns in the data."

Excerpt from HuffPost Live -- "I do think that there are some merits to allowing states to have a say in directing the flow of immigration because they understand local costs imposed by immigrants... and also the benefits. I think one advantage that the state-based visa would have, for example, over an employment-based visa is that the immigrants themselves would have more flexibility within the states. So they'd be able to work for any number of different employers. That would create a thicker labor market, which would, of course, benefit employers as well. So there would be a higher potential for good matches between employers and workers. In the existing system, if you take, for example, the H1B specialty employment visa, it ties a worker to one employer. So you don't have that kind of labor market flexibility, which is ultimately detrimental to the immigrant and the economy and the labor market."

Excerpt from Financial Times -- "'Something of this magnitude is rather unusual,' said Joshua Ronen, professor of accounting at New York University Stern School of Business and co-editor of the Journal of Law, Finance and Accounting."

Excerpt from The Guardian -- "In contrast, the Fair Labor Association launched its code alongside its charter. 'We realized we couldn’t just launch a set of principles,' Michael Posner, a former US assistant secretary of state for democracy, human rights and labor and head of New York University’s Center for Business and Human Rights, told me. 'It couldn’t just be that every company was "on a journey"; we needed metrics and ways to evaluate compliance.'"

Excerpt from The Wall Street Journal -- "Nicholas Economides, an economics professor at New York University, says paid prioritization would let ISPs pick the Internet’s winners, which would naturally be the richest players. 'In an industry with lots of change and innovation, there are big dangers of allowing only the people who can pay you today to win,' he said."

Excerpt from Luxury Daily -- "'Not all brands need be patrons of the arts but luxury brands most often are,' said Thomaï Serdari, Ph.D. brand strategist and adjunct professor of marketing at New York University, New York. 'Traditionally, luxury objects have been items of great craftsmanship and artistic intent, often made of the most precious and rare materials — in fact, most of the luxury objects produced in pre-modern times are housed in renowned museum collections today.'"

Excerpt from Forbes -- "The Harvard Business School Case, El Bulli: A Taste of Innovation, provides business lessons from the way Ferran Adria innovates (the Catalan chef, thought by many to be the most creative chef in history) and it truly changed my life. Ferran’s methods inspired both my book, Catalyzing Innovation and innovation program for global executives, Inventours™, and it made me far more observant of how others innovate across industries, wherever I go. Given how much I learned by studying Ferran, I thought learning how the best 'mixologists' innovate could yield similar insights, given the art and entertainment form inventive craft cocktails have become."

Excerpt from CKGSB Knowledge -- "[Economides's] models suggest that even small network effects can help a good company realize high profits, more sales and greater profits, and the stronger the effect, the more likely that the company will be able to achieve a monopoly position. 'If we have a network, we will see a lot of inequality among companies, which means that some people are going to make a lot of money,' he says."

Excerpt from Bloomberg -- "It's a great time to be a writer, someone who's trying to greenlight a script. There's going to be more original scripted series this year than, I think, in the history of television. It's just not a great time to be in the business of selling eyeballs on an ad-supported model. HBO, great business. Netflix, great business. Amazon media might be a great business. Trying to get a ton of people to show up and then selling commercials to beer companies, that's going to be a difficult business."

Excerpt from WIRED -- "'Having a greater business in Ireland would certainly help Apple make a case to the European Commission that a larger fraction of their operations are based in the country in which they have this tax deal,' says Arun Sundararajan, professor of information, operations, and management sciences at NYU’s Stern School of Business."

Excerpt from Project Syndicate -- "Properly targeted public investment can do much to boost economic performance, generating aggregate demand quickly, fueling productivity growth by improving human capital, encouraging technological innovation, and spurring private-sector investment by increasing returns. Though public investment cannot fix a large demand shortfall overnight, it can accelerate the recovery and establish more sustainable growth patterns."

Excerpt from Bankrate.com -- "'Safety and soundness is probably improving because banks are being increasingly required to do less risky things,' says Smith, but many of the regulatory changes made to accomplish that could end up actually harming the ability of major banks to survive over the long term."

Excerpt from MediaPost -- "Craig and co-authors William Greene and Anthony Versaci (of AIG) analyzed 62 wide-release films over a six-month period. Among the top factors that led to increased online buzz were the film’s budget, its genre (horror and action do better than other genres) and whether the film is a sequel or not. 'This goes to show that studios do not have to remain passive bystanders, but can become actively involved in managing consumer engagement online,' Craig says. 'Similarly, studio executives can get an early read on its prospects.'"

Excerpt from Bloomberg -- "New York Fashion Week didn’t used to be as public an affair. Traditionally, designers would show off their garb to buyers, who would write orders. 'Now it’s an opportunity for a brand to present their stuff in a controlled environment,' Scott Galloway, who teaches marketing at New York University’s Stern School of Business, said on Bloomberg Television Tuesday. 'It’s all with the hope that well-heeled attendees will take a ton of pictures and spread it to a much broader audience.'"

Excerpt from Bloomberg -- "I think that the Greek government will have a hard time convincing its voters that it didn't give in, but that is, in my opinion, a minor issue. The major issue is for Greece not to go bankrupt again, not to leave the euro... this is the major issue. So, it's crucially important for the Greek government to compromise and then find a way to sell it to its voters."

Excerpt from Bloomberg View -- "I know there are those who argue that value is in the eye of the beholder, and that any price can be justified if there are other investors who perceive an investment to be worth that amount. That is patently absurd. Perceptions may be all that matter when the asset is a painting or a sculpture, but you buy financial assets for the cash flows that you expect to receive."

Excerpt from Bloomberg -- "Typically, bloggers bring a couple things. They bring an authenticity, a new voice and they usually bring a younger audience... No brand ever says, 'We have too many 18-30 year old fashionable thought leaders.' You never hear a brand say that, 'Oh, we need more 75 year olds.' You don't hear that a lot. So you [fashion blogger Danielle Bernstein] bring an audience, an authenticity, and also, you bring a business model. You're leaner and meaner."

Excerpt from Fast Company -- "Arun Sundararajan, a professor at NYU, has argued that many parts of the sharing economy could self-regulate, with oversight from the government, the way that nuclear power plants do."

Excerpt from India Today -- "An IIT Bombay alumnus, Jagabathula will receive a total of $500,000 over the next five years to further his research in developing data-driven modelling and learning techniques with the goal of improving the accuracy of operational decision making."

Excerpt from Entrepreneur -- "When discussing how weather affects human behavior in his book Drunk Tank Pink, New York University marketing and psychology professor Adam Alter said, 'Sunshine dulls the mind to risk and thoughtfulness.' Added Alter: 'Happiness sends a signal that everything is fine, the environment doesn't pose an imminent threat, and there’s no need to think deeply and carefully.'"

Excerpt from The Wall Street Journal -- "'Peter’s expertise in the economics of emerging markets and his unique perspective that spans the public sector, academia and business make him a valuable addition to Citi,' Citigroup Chairman Michael E. O’Neill said in a news release."

Excerpt from Bloomberg -- "Greece has sort of a creative solution proposed. I'm not sure whether there will be enough support for this so it can be implemented. I think it's very important that some kind of solution be proposed. I think if Greece ends up defaulting, it will be potentially very dangerous for the eurozone as a whole and I think that eurozone participants see that as well and there will be negotiations and I don't know what they'll look like when it's all over."

Excerpt from Financial News -- "Most important, however, is the almost certain increase in shareholder value than would result from a break-up. The combination of the various individual business units might be valued on a stand-alone basis at as much as €55 billion. With today’s market value of €37 billion, reflecting investors’ grim view of the bank’s future, there is a lot of room for creating value through a restructuring. Spinning off the investment bank might be the best way to capture that value."

Excerpt from Bloomberg -- "'Greece finds itself now closer to a new bankruptcy within the euro and potentially' leaving the currency union, Nicholas Economides, professor of economics at Stern Business School, New York University, said in an e-mail. 'Greece could run out of money in March.'"