Experience Stern | News & Events

Excerpt from The New York Times -- "In our negotiation course, we talk about preparation being 70% of negotiation. That's the opposite intuition that most of us have. We picture negotiation success happens at the table. What we teach in our course is it's exactly the opposite. It happens before you get to the table. That's part of preparation, having those kinds of conversations with people inside the organization, people outside the organization, people who know you well, people who know the industry well, people who know the labor market for your particular set of skills well. All of these are data points that give you a sense of what's appropriate."

Excerpt from The New Republic -- “'If it escalates along the lines you suggest, it will lead to a global recession with a particularly strong negative effect on Europe at the wrong time,' said Michael Spence, a fellow at the Council on Foreign Relations."

Excerpt from The Wall Street Journal -- "'When they meet a long distance away, they really don’t want a lot of attention — they want to keep people from attending,' says co-author David Yermack, a New York University finance professor who studies corporate boards and related issues. Poor performance is worse when companies suddenly switch to an out-of-town meeting after years of meeting close to home."

Excerpt from Harvard Business Review -- "And in CareerBuilder CEO Matt Ferguson’s new book, The Talent Equation, written with Lorin Hitt of the Wharton School and Prasanna Tambe of NYU’s Stern School, additional research shows that these more educated employees are delivering results, as measured by costs subtracted from total sales, and divided by number of employees."

Excerpt from The Wall Street Journal -- “'We’re seeing rapid depreciation for IT skills,' said Sonny Tambe, professor at New York University’s Stern School of Business and an expert on the high-tech workforce. 'So what happens to engineers over 40? You go to Silicon Valley [and ask that question] and you can see the panic in some people’s eyes.'”

Excerpt from The New York Times -- "Sonia Marciano, a professor at the Stern School of Business at New York University, said her students expected more than big bonuses these days. 'My students, men and women, talk much more openly about an expectation of work-life balance,' said Ms. Marciano, who has been teaching for 20 years. 'It’s a shift that seems pretty real and substantial.'”

Excerpt from the Financial Times -- "Universities face a difficult choice. What they offer, a branded degree and the social experience of maturing in one’s thinking in a 'high-touch' environment are still in demand and will continue to be for the foreseeable future. Moreover, as a society, there are also compelling reasons for us to preserve the traditional role of universities as a public good and the larger role they fulfil in society, including research and knowledge creation. But it is inevitable that profit motives will drive the upstarts up the value chain to eventually target the 'core customers', as in other industries. It would be unwise for any university to assume it will be able to function with its current business model in the increasingly unbundled world that lies ahead."

Excerpt from NPR -- "The Greek government is starting to fix some of its fundamental problems, says Nicholas Economides, a professor at NYU. To crack down on tax evasion, the government now puts property tax on power bills. So if people don't pay the tax, the power gets cut off."

Excerpt from Entrepreneur -- "Author Jonathan Haidt shares 10 theories of happiness discovered by the big thinkers of human history, such as Plato, Jesus and Buddha. This psychology professor weaves together a strong case for the similarity of all cultures' desires and pursuit of happiness."

Excerpt from Forbes -- "The TXU bonds in the BofA Merrill Lynch U.S. High Yield Index currently trade at an average price of $56. By comparison, last year’s defaulting bonds were quoted at an average price of $54 shortly after default, according to Edward Altman of New York University."

Excerpt from CNBC -- "I'm just amazed that people can value the company with the information they have right now, which is nothing. All we know is it made about 8 to 9 billion dollars in revenues. It's a very profitable company. We know how it makes money. It's an advertising company. It's not a retail company. but beyond that, we know nothing. So, this morning, I pulled up about 100 articles on Alibaba's valuation, and every one of them was constructed around one word: China. That's all they said. The company's worth a lot because it's in China. There's nothing more to the story right now than that big country out there with a billion people."

Excerpt from The New York Times -- "Mr. Cooley, of N.Y.U., said rising interest rates were equally as concerning as the hypotheticals that the Fed has tested for years, which include job losses and declines in house prices. 'You tend to think about stresses to real-world economy, but you have to think about the stresses of a change in monetary policy also,' he said."

Excerpt from Minyanville -- "In December of 2012, New York University Stern School of Business professor Masakazu Ishihara and University of Toronto Rotman School of Management professor Andrew Ching published a study asking that exact question. The study, 'Dynamic Demand for New and Used Durable Goods Without Physical Depreciation: The Case of Japanese Video Games,' found that if used games were to be eliminated from the market, the profit to game publishers would drop by 10% per game. However, if publishers were to adjust prices to optimal levels, they would see per-game profit increase by 19% over current levels."

Excerpt from Business 2 Community -- "A lot of consumers – particularly Gen Y, Gen Z and to a certain extent Gen X – are quite open to marketing. They know that in order to use a free app, or to use a particular service, they’ll be exposed to ads. They accept this as a fact of life. But they want those ads to be relevant to them, and they’re willing to disclose information about themselves to ensure that happens."

Excerpt from Forbes -- "The primary external activities to make organizations more innovative include: 1) Communicating idea sourcing needs/challenges to external communities 2) Creating internal teams, often as part of Open Innovation departments, to scour the world collecting inspiring stimuli, benchmarking relevant firms, and looking for potential partners and acquisition candidates 3) Organizing the collected stimuli so it can be easily searched for and found by those who would benefit from it inside the firm."

Excerpt from Reuters TV -- "The closer they come to midterm elections, the more likely it is that some members of the inquiry committee will see an opportunity to project themselves for their constituencies in their re-election campaign to hammer perhaps on the poor judgment behind the Obama administration trying to bail out General Motors."

Excerpt from The Wall Street Journal -- "Institutions should not be allowed to issue uncovered contracts—those not backed by an offsetting position to reduce risk—that are prone to runs. Banks could collateralize short-term assets with cash reserves or Treasurys and draw upon these in the event of a run. This would be a simpler, more focused and less resource intensive way to contain systemic risk."

Excerpt from Project Syndicate -- "But, as a recent analysis has shown, there is little correlation between a country’s relative economic performance in several dimensions and how 'functional' its government is. In fact, in the six years since the global financial crisis erupted, the US has outperformed advanced countries in terms of growth, unemployment, productivity, and unit labor costs, despite a record-high level of political polarization at the national level."

Excerpt from Bloomberg -- "In this paper we show how credit ratings have value in equilibrium and how reputation insures that, in equilibrium, ratings will reflect sound assessments of credit worthiness."

Excerpt from LiveMint -- "Professor Aswath Damodaran of Stern School at New York University neatly segregates the two camps into investors and traders—the former believe in value, the latter in price and he cautions that it can be dangerous to think that you can control or even explain how the other side works."

Excerpt from Financial Times -- "A detailed study by financial economists Viral Acharya and Sascha Steffen came up with an estimate of €510bn-€770bn for the shortfall."

Excerpt from Barron's -- "Traditionally, hedge funds profited on proprietary research and fought to maintain that edge as long as possible. Lately, however, some short-sellers have been freely posting investment research on the Internet. Are they crazy? If a recent working paper by Alexander Ljungqvist and Wenlan Qian, respectively of New York University and the National University of Singapore, is any indication, they might be crazily successful."

Excerpt from The Huffington Post -- "Both Michael Posner, the former Assistant Secretary of State for the Bureau of Democracy, Human Rights and Labor at the State Department, and Harold Koh, the former top State Department Lawyer, have said that there are no reasons for the US to maintain an 'increasingly implausible legal interpretation.'"

Excerpt from WNYC -- “'I would not be feeling very proud belonging to an organization that, because of some level of carelessness, [people] lost their lives,' she said. 'People who trusted us with their lives, lost lives. That must be traumatic.' But that trauma, she said, can be used to send a message that could be helpful in changing the organization’s culture to one that is more safety oriented. 'You start a campaign that says, never again.'”

Excerpt from Vox -- "This column argues that macro stress tests would be more effective if capital requirements were measured differently from the current regulatory risk weight-based approach, and in particular, were based on total assets and on market risks."