Experience Stern | News & Events

Excerpt from Financial News -- "'I think this is much more difficult than dealing with the financial crisis,' King told Financial News in a phone interview Monday. Unlike the coronavirus pandemic, there have been several financial crises in the past from which central bankers could draw lessons. 'I think we had a pretty clear idea as to the kind of measures we needed to take.'”

Excerpt from Seeking Alpha -- "Jeffrey Hollender also shares a positive outlook on Sustainability from a business perspective, 'Sustainability is going to improve your financial performance and that's what people don't understand.' said the NYU Stern professor."

Excerpt from Retail Dive -- "While President Trump on Monday predicted that pent-up demand will alleviate the impact on retail and on the economy more widely, he also admitted how uncertain that is. In fact, while it's possible that shoppers return, some may find value in less consumption, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business.​"

Excerpt from Journal of Accountancy -- "'From the audit perspective, they need to really carefully look at those areas where management has discretion,' said Amal Shehata, CPA, an accounting clinical associate professor at New York University’s Leonard N. Stern School of Business. 'Those are amounts that have to be estimated, and so evaluating how their clients are applying discretion is going to be critical. Despite all the technological tools we have at our disposal, there’s still a very human element to the audit process.'”

Excerpt from Forbes -- "Current AI market leaders include Amazon, Microsoft, Google, Apple, IBM, Salesforce, SAP, Oracle, Alibaba, and Baidu. 'The prize will be to become the operating system of the next era of tech,' according to NYU Stern School of Business professor Arun Sundararajan."

Excerpt from Forbes -- "With cruise lines in the news of late for the wrong reasons related to the novel coronavirus, it is true that this is an industry that will be hit especially hard in the economic fallout of the current environment in the United States and beyond. Professor Scott Galloway of New York University’s Stern School of Business (and a one, two time interviewee of this column) has mentioned multiple times on his podcast Pivot that he is especially bullish on Carnival’s prospects after this crisis concludes."

Excerpt from Asahi Shimbun -- "Nicholas Economides of New York University says 'The market is now more driven by fear than rational calculations. It may take another week for people to begin to understand which industries and companies will be hit and how much.'"

Excerpt from PBS -- "Even before the market volatility, university and college endowments were realizing lower returns than endowments that support nonprofit organizations in the arts, human services, health care and religion, according to a study by business professors Sandeep Dahiya and David Yermack of Georgetown and New York universities, respectively."

Excerpt from Politico -- "FUTURE OF WORK — THE UNMANAGEABLE WORKFORCE: As much of the world shifts to temporarily working from home, Alison Taylor of NYU’s Stern Business School warns of a much harder problem to solve when we all return to our offices, shops and factories: inter-generational workplace conflict."

Excerpt from TIME -- "For one thing, Haidt, like all of us, wants to be thought well of—by himself and by others. 'As someone who studies moral psychology, I can say we all do care about the welfare of other people—although inconsistently,' he says. 'We also all care about our reputations—very consistently. I would truly feel guilty if I passed the virus onto anybody else."

Excerpt from Adweek -- “'Offering free information on the coronavirus offers an opportunity to reach new customers [and] readers, who may stick with the publication afterward and perhaps be willing to pay later if they are impressed by the content,' said Tom Meyvis, professor of marketing at New York University’s Stern School of Business."

Excerpt from Yahoo Finance -- “'I think the chances of a recession have spiked dramatically, obviously since the coronavirus threat and now impact has happened. I’d say the average economist now is thinking that there’s a 60% chance of a recession within the next twelve months. That’s up dramatically from what is was before. That is the key, but if you go back to the fundamentals of companies and markets before this virus happened, there were a lot of warning signs out there already.'"

Excerpt from Marketplace -- "'Scarcity is a really powerful driver of consumption,” said Adam Alter, who teaches marketing and psychology at the New York University Stern School of Business. Alter said when you go to the store and see that there’s no toilet paper left, that signals that a product is in short supply."

Excerpt from Retail Dive -- "A smooth, swift reverse supply chain helps with that, and enables a retailer's ability to sell a returned item at full price, according to Terry. That's a logistical answer to bolstering the efficiency of the online cart that only goes so far, however. And it doesn't address the increasing concerns about the sustainability of the practice, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business."

Excerpt from Institutional Investor -- "This dearth of public spending is one of the major reasons for the declines in care standards at nursing homes, according to one of the paper’s authors, Sabrina Howell, who is the assistant professor of finance at New York University’s Stern School of Business and a faculty research fellow at the National Bureau of Economic Research."

Excerpt from Adweek -- “'There are quite a few people who have never worked from home and are not accustomed to doing so, so there has to be a bit of a learning period,' Lechner said. 'The learning curve takes time—and we won’t have time to learn.'”

Excerpt from The New York Times -- “'Given the product prices, there is a sense that the luxury brands must be doing it right, and that makes them immune to public scrutiny,' said Michael Posner, a professor of ethics and finance at the Stern School of Business at New York University. 'But despite the price tags for luxury brand goods, the conditions in factories across their supply chains can be just as bad as those found in factories producing for fast fashion retailers.'”

Excerpt from MIT Sloan Management Review -- "In my experience, companies often focus on the familiar threats because they have systems in place to monitor and measure known risks. This adds very little value to long-term planning, and, worse, it can lead to organizations having to make quick decisions under duress. It’s rarer for companies to investigate unfamiliar disruptive forces in advance and to incorporate that research into strategy."

Excerpt from The New York Times -- “'To avoid huge accounting losses, which cut into capital, the effect would be to not lend, or to lend less,' said Joshua Ronen, an accounting professor at New York University. That could 'paradoxically' hit the most strapped borrowers, he said, since they are often the worst credit risk."
 

Excerpt from The Wall Street Journal -- "For investors, the ability to deliver on those commitments could determine whether Monday’s agreement between the social-media messaging company and Elliott Management Corp. leads to long-term corporate peace or amounts to only a reprieve for Mr. Dorsey, a co-founder of the company. Scott Galloway—a professor at New York University’s Stern School of Business, a Twitter investor and a critic of Mr. Dorsey’s leadership—said the truce between the company and Elliott was 'a stay of execution' for the CEO."

Excerpt from MarketWatch -- "That’s economist Nouriel Roubini sharing his gloomy outlook on the market in an interview with Germany’s Der Spiegel last week. 'You have to hedge your money against a crash,' Roubini continued, adding that his motto is 'Better safe than sorry!'”

Excerpt from The Wall Street Journal -- "Cubicles with desktop computers will give way to augmented-reality headsets, says Arun Sundararajan, professor of technology, operations and statistics at New York University’s Stern School of Business. You won’t need a physical desk; park yourself anywhere at home or in a huddle room and have a simulated office before your eyes—one that goes wherever you go and links you with co-workers around the world."

Excerpt from CNN -- "P&G knew it faced those risks, but ultimately, the company decided to take a chance anyway. Scott Galloway, professor of marketing at New York University's Stern School of Business, called that strategy 'smart' because it can help keep P&G's products relevant to a new generation of younger customers. 'Being 'woke' is going where the money is,' Galloway said."

Excerpt from The City -- "Economist Robert Seamans, an associate professor at the Stern School of Business at New York University, believes research to date is insufficient to support conclusions about how universal basic income might function on a larger scale. For example, receiving a stipend for a limited time is very different than 'getting that money in perpetuity,' he said."

Excerpt from The New York Times -- The window of opportunity for effective action on the climate crisis is rapidly closing,' Frank argued. 'Absent robust measures to curb greenhouse gases, climate scientists forecast steadily more frequent and intense storms, droughts, flooding, and wildfires. Alone among major political parties worldwide, Republicans have refused even to admit the existence of climate change, much less enact meaningful legislation for dealing with it.'”