Experience Stern | News & Events

Excerpt from Slate -- "A 2008 paper by Xavier Gabaix and Augustin Landier concluded that the entire 'six-fold increase of U.S. CEO pay between 1980 and 2003 can be fully attributed to the six-fold increase in market capitalization of large companies during that period.'"

Excerpt from The Guardian -- "[Michael] Posner, now a professor at New York University, called Tye 'conscientious, diligent and honest. A very dedicated public servant'. Posner declined to give his own perspective on 12333 or Tye's op-ed, but commented: 'I am broadly concerned that there needs to be a broader public debate about the scope of US surveillance, the consequences for privacy, and the way information is both collected and used.'"

Excerpt from E-Commerce Times -- "Since secrecy is such an integral component, it seems a little surprising that Secret would want to add Facebook integration, said Anindya Ghose, professor of IT and marketing at New York University and co-director of the Center for Business Analytics at NYU Stern. ... 'At first glance, it seems counterintuitive to me. The foundation of Secret is based on preserving anonymity. A potential integration with Facebook can jeopardize the comfort feeling that current users have with this app,' Ghose suggested."

Excerpt from Bloomberg -- “'People who are conservative can unload the stock because there’s probably a line around the block of hedge funds and risk arbs that are willing to take the risk,' said Charlie Murphy, a professor of investment banking at New York University’s Stern School of Business. 'There’s a lot of demand out there because it’s a really exciting deal.'”

Excerpt from The New Yorker -- "This isn’t to say that TaskRabbit is to blame for the present state of affairs; in fact, it’s probably helping underemployed people find work that might otherwise have been difficult to track down. 'Increasing demand for relatively low-skilled people is an attractive proposition,' [John] Horton told me. 'Sometimes the sharing-economy rhetoric is sort of BS-y. It really is rich people buying from poor people. But that’s not necessarily a bad thing.'”

Excerpt from SF Gate -- "NYU business professor Arun Sundararajan said he sees the change as a positive. 'It counters the argument that these platforms are creating low-wage jobs that will suck the life out of the economy,' he said. Services like Homejoy that provide training, employee background checks and other features, 'are creating a more valuable product so they can charge a higher price.'”

Excerpt from Ignites -- "Bad bosses are typically insecure, says Anat Lechner, a business management professor at the Stern School of Business at New York University. Currying favor across the organization can help provide cover. 'If you establish yourself as central to the network within your workplace, your boss is not going to target you,' Lechner says. 'By targeting you, [your manager] is going to be alienated by many more people.'"

Excerpt from CFA Institute -- "I don’t think there is one right way to do investing. The markets accommodate all these different points of views, and actually there is money to be made [using many of these approaches] although it’s getting harder all the time. People have the same skill sets, and they are all pretty well tagged up."

Excerpt from Stars & Stripes -- "Professor J.P. Eggers at the New York University Stern School of Business, said the new leadership also needs to evaluate middle managers to figure out whom to empower and whom to sideline. 'I would thoroughly expect that there would be a number of interviews [and] conversations to try and identify … the ones who are too far gone to save in terms of their commitment to the existing status quo, versus the ones who have the potential for leadership, who have the reputation within the organization, and will have the willingness to push for change; and finding ways to get those people as involved as possible in identifying problems [and] identifying solutions,' he said."

Excerpt from TIME -- “'Here you can evaluate the quality of output over time and then decide whether you want to continue subscribing or not,' says Anindya Ghose, a professor of information, operation and management sciences at New York University who also studies crowdfunding. 'It’s a very positive self-reinforcing cycle where people give small amounts of money, which incentivizes artists to do a better job, which then leads people to give more money more frequently.'"

Excerpt from Financial Review -- "'It’s a rebirth of the notion that bigger is better,' says C. Samuel Craig, director of New York University’s Stern School of ­Business entertainment, media and tech­nology program."

Excerpt from El Pais -- "Productivity in some parts of Europe was low before the crisis, but fell [further during the crisis] and still has not recovered, except in Germany. Unlike Japan, on the outskirts loss was especially [in the area of] employment. Moreover, Europe does not seem to be making the investment in human capital [they] should do to improve their productivity."

Excerpt from Le Monde -- "Today, more than 20% of the American workforce is independent, that is to say, not employed by a traditional organization, and this figure is growing rapidly. This dynamic is reflected in the fact that significant portions of the innovative activity migrate increasingly outside organizations. This has resulted in a dramatic increase in micro-entrepreneurship. Part of this entrepreneurship and innovation on a small scale can lead to the creation of large traditional companies, but a large share of economic activity could still be caused by this new hybrid-business market."

Excerpt from Bloomberg -- "'It is based on actual trades amongst a select group, rather than being based on trades by all market participants,' Rosa Abrantes-Metz, a professor at New York University’s Stern School of Business, said today by phone. 'The benchmark should be based on trades that are occurring for a longer period of time in the day. It should be based on trades that can be collected electronically and by anybody that’s traded during that time period.'"

Excerpt from San Francisco Chronicle -- "Arun Sundararajan, an NYU business professor who studies emerging digital economies, said it's not possible to determine whether the complaints are from a vocal minority or represent widespread dissatisfaction. 'It seemed like (the new model) was a necessary shift for TaskRabbit to grow, but they may have underestimated the extent to which providers and clients felt a sense of ownership over doing things the old way,' he said. 'In any marketplace, the people who are trading start to feel engaged with the process they have learned.'"

Excerpt from Business News Network -- "It's actually very difficult to really say whether insider trading occurs or not... We got inspired by a series of insider trading cases that were discussed in the financial press. We just thought we should go out there and do a systematic study on this in the context of M&A activity and in the options market. Now, within that market, what we see is that there is unusual activity in the options market going on ahead of these announcements, but that only suggests that there is a lot of informed trading. So it's very difficult to say whether that is insider trading or not."

Excerpt from Bloomberg -- "IBM is a huge company, and right now, if you're not Google or Apple, it sucks to be a big company in tech. Anyone associated with the desktop era of the 80s and 90s is suffering, whether it's HP or IBM... IBM is better suited than those guys because they have a really robust services division."

Excerpt from Bloomberg -- "'It is easier for a seller to predict how a consumer will value a collection of goods than it is to value any good individually,' wrote [Erik] Brynjolfsson, who directs the Massachusetts Institute of Technology’s Center for Digital Business, and Yannis Bakos of New York University’s Stern School of Business in a 2000 Marketing Science article."

Excerpt from CCTV -- "We're seeing record increases in exports of dairy... to China, where we're seeing 20-30% growth year-on-year over the last several years, huge increases in exports to southeast Asia, Mexico... we're seeing just a record boom across a range of dairy products."

Excerpt from Reuters -- "'The strike is not as effective a weapon as it once might have been,' Foudy said ahead of a threatened strike by unionized workers on the Long Island Rail Road that could effectively shut down the nation's largest commuter railway at 12:01 a.m. Sunday."

Excerpt from Greek Reporter -- "Greece has not yet convinced investors that it is at a stage of recovery. How can it convince them? Through public investment with money raised from the sale of new bonds. Greece should issue, every year for 3-4 years, €5 billion per year of 5-year or 7-year bonds at an interest rate of 4-4.5% and put all the money raised in a 'Development Fund.' Greece should ask the large European countries (Germany, France) to put €1 billion in total to the same fund, and have common governance."

Excerpt from Bloomberg -- "In the end, the courses that probably... pull it all together are... the corporate strategy courses. You see them at many of the major business schools where you're actually playing against each other. In the case of the course I'm teaching, it's a course on managing financial institutions where, essentially, you're taking the knowledge base of the first year, and you're saying, this is how it's actually done at the companies. And we're going to be teaching cases where we're talking about the strengths and the weaknesses."

Excerpt from MarketWatch -- "More movies, television shows and live sporting events being produced by one company means less competition and more seller power, says Samuel Craig, director of the Entertainment, Media and Technology Program at New York University’s Stern School of Business. 'Consumers may see a slight increase in their cable bill to see the content they want,' he says. As media reports of the bid have suggested, it’s unlikely that the Federal Communications Commission would allow one company to own both CNN and Fox News, he adds."

Excerpt from The New York Times -- "As Steve G. Cecchetti and Kermit L. Schoenholtz, economists who write the Money and Banking blog, point out, if regulators managed to address the systemic risks posed by the activities and products that asset managers offer, then the risks posed by the companies themselves would be sharply diminished, if not eliminated."

Excerpt from Financial Times -- "Rosa Abrantes-Metz, adjunct professor at New York University Stern School of Business, and one of the most prominent critics of the precious metals fixes, says she is 'greatly satisfied' with the changes, citing the improved transparency and expanded market participation. 'What is most important is the reduction of conflict of interest between the benchmark administrators and those who trade on it,' Ms Abrantes-Metz says."