Experience Stern | News & Events

Excerpt from Poets & Quants -- "For me, one of the big things I take pride in is research and publications. One of the first things we instituted after I became dean was the Stern Program For Undergraduate Research, which really enabled our students to get first-hand experience with research projects."

Excerpt from Luxury Daily -- "'Today, because of social media, which are otherwise powerful marketing tools, our attention span gets shorter and shorter,' Ms. Serdari said. 'It is much more appealing to get someone’s attention with a very short and well edited film and do that several times over a long period of time rather than invest in long films that no one has the time to watch...In 14 short seconds one is drawn into the pulsating crowd of paparazzi and celebrities...,' Ms. Serdari said. 'It all develops through Ferragamo’s own penetrating gaze. He went, he saw, he conquered. Today, the brand stands where he once stood.'"

The NYU Stern Salomon Center for the Study of Financial Institutions and The Clearing House hosted the third installment of the Gallatin Lecture Series on Banking on September 10.

Excerpt from Bloomberg -- "'It was a series of short monologues with the camera focused on a single person only,” said Nicholas Economides, a professor of economics at New York University’s Stern School of Business. 'The crucial economic issues seemed to have been only touched at the surface.'"

Excerpt from Boston Globe -- "The meaning [of a name] is important, too, notes one of the study’s coauthors, Adam Alter, a psychologist at New York University’s Stern School of Business. 'We’re sensitive to associations — positive and negative — between any two concept,' Alter said. The effect 'is probably small, but it’s automatic and we’re unlikely to be able to avoid it completely when we consider people by their names.'... The name Trump carries a range of strong associations... As Alter points out, the word 'implies victory and dominance.' ... Trump himself may derive confidence from these strong, positive meanings to trumpet forth his own eloquence, Alter suggests — although he added, 'Of course the effect of [Trump’s] name is likely to be far weaker than the effects of his inherited wealth and self-assured personality.'"

Excerpt from The Wall Street Journal -- "Many of such projects could easily have been financed on the private market, according to Gary Friedland, who wrote the NYU paper with fellow professor Jeanne Calderon. 'It’s a profit enhancement,' he said. 'The original argument was more of a ‘but for’ argument,” in which EB-5 was meant to spur projects that wouldn’t otherwise have happened. “That focus has been lost."

Excerpt from LinkedIn -- "The top tier customer who is willing to spend $5k and up on a new Apple gadget is one who values both technology and design. The collaboration between the two brands responds to both these preferences. The Hermès customer (who may already own an Hermès watch among others) is the same customer who equips her life in all products Apple. She values the quality and taste of the French brand and wishes that all products were designed with such refinement."

Excerpt from Bloomberg -- "I think Google is leaking value to Facebook. If you look, Facebook now does a billion queries a day, versus Google's three billion. Google is basically one core brand that is doing very well. Facebook [has the] best acquisitions in tech; 20% of all mobile time is on now on Facebook... Facebook's going to be the most valuable company in the world within 3 years - it has meaningful relationships with 2.2 billion people."

Excerpt from The New York Times -- "Amazon invites its carefully selected talent to redefine the boundaries of possibilities and participate in turning an extraordinary vision into an extraordinary reality. Employee’s happiness is not written on Amazon’s flag nor is stable employment the Amazon holy grail. Customer centrism is...Visionary leaders and visionary companies often spend years in discomfort and difficulty, countered with a sense of purpose and resilience. Happiness, when experienced, is not about handling the hygienes, but instead, it’s achieved through exercising the vision, meeting the vision metrics and taking pride in realizing its tremendous value."

Excerpt from The Wall Street Journal -- "Steven Brown, a professor of finance at New York University’s Stern School of Business, urges caution in acting on the paper’s findings. 'I think there needs to be a lot more work done on this [hedge fund research],' he says. 'I would be careful about giving inexperienced funds large contributions.'"

Excerpt from Bloomberg -- "A more substantive reason to say no, [Karen] Brenner says, is that a candidate may get a bad feeling about becoming responsible for a company’s direction. 'They might ask questions and not feel right about the dynamics or challenges a company might face or if it's a good fit,' she says...The most important question, for the candidate, is whether he or she wants to be permanently associated with this company. 'People are pledging their reputation in this process,' Brenner says. “It’s really important that you do so in a way that you can be fully informed."

The NYU Stern Center for Global Economy and Business will host the Economic Outlook Forum on September 8, 2015.

Excerpt from Financial Times -- "There were other things too that Spain could have done differently, such as stronger 'macroprudential' limits on private borrowing. Philippe Martin and Thomas Philippon have demonstrated this alone could have prevented 4 percentage points of the 12 per cent fall in employment from 2008 to 2012; the same benefit as a more conservative boomtime fiscal policy."

Excerpt from Marketplace -- "A lot of the innovation that we're seeing with what are called the sharing economy platforms - be it Uber or AirBnB or Etsy or Instacart - rests on the fact that they have invented a new way of organizing economic activity and we want to nurture that. We want to protect labor, of course, but we don't want to do it by pulling these companies back to 20th century employment models."

Excerpt from The Huffington Post -- "As countries prepare for this on-demand future of work, it is crucial that their social safety nets -- ranging from health and insurance benefits to paid vacations and stable incomes -- are not lost in the transition. The challenge is especially acute in economies like the U.S. and the U.K., where access to such benefits is very frequently tied to full-time employment in a corporation or with the government."

Excerpt from Bloomberg -- "China is in an economic slowdown, but I think that the markets have gone from extreme optimism a few months ago, to soft landing, to now the view of a real hard landing, that the economy is in free fall. My view has been all along that the Chinese slowdown is going to be a bumpy, rough landing, but something short of a real hard landing. So I think that markets are becoming too pessimistic about Chinese economic growth and the ability of the policy authority to manage that growth slowdown and also to manage the movements of the currency and of the stock market."

Excerpt from The Wall Street Journal -- "Most people who sign up for an unlimited service subscription expect to up their consumption, she says. But after a week’s binge, 'You’ll return to your former state.' Still, unlimited plans offer intangible benefits. Consumers love the feeling of freedom, she says. And studies have shown that the psychological pain of paying $120 at the start of the month is far less than shelling out $4 a day for a morning cappuccino."

Excerpt from Exame -- "'It is not a coincidence that [Indian executives] have reached prominent positions so quickly in the technology sector,' says economist Pankaj Ghemawat, professor at the IESE Business School in Barcelona and at New York University... [While] it is difficult to prove the hypothesis of an appropriate style of management, ‘some research shows that Indian executives have high emotional intelligence…'"

Excerpt from WIRED -- "Getting these new frameworks right in New York City is particularly important, says NYU Stern School of Business professor Arun Sundararajan, who is a member of the advisory board. 'The services in question are more fundamental to our day-to-day life than in most other cities,' he says. 'A number of cities around the world will look to New York as the template, as the model of how you deal with this kind of digital disruption in a forward-looking way.'"

Excerpt from CBS News -- "Despite the market upheaval caused by China's slowdown and the hit Canada is feeling from the collapse in oil prices, A. Michael Spence, a Nobel laureate and fellow with the Council on Foreign Relations, remains sanguine. 'China and the markets really overestimated on the demand side, and what China was doing was just not sustainable economically or environmentally,' Spence told CBS MoneyWatch. 'The export markets (China was) selling into were no longer growing at the rates they once were.'"

Excerpt from HuffPost Live -- "I don't think anybody would argue against the fact that it's good to provide workers with protections. I think the larger issue at stake here is whether we want those protections to come by boxing people who have a wide range of flexible work arrangements into one of these categories of employee or independent contractor, or if we want to actually reflect the reality of today's marketplace, where people have a wide range of flexible forms of work, and start to expand the set of categorizations that are made available to companies like Uber and Lyft."
 

Excerpt from Poets & Quants -- "Being a rising senior at NYU, Goel firmly believes that Stern enabled him to walk into his internship with LinkedIn and make it successful. 'NYU is cool in that it’s not a school that spoon feeds you. But if you want to pursue something, you have all the opportunities and resources you need. This enabled me to tackle things that may have been beyond my scope, which has been very valuable coming into LinkedIn. Here, I can easily take what resources I have and pursue something I’m interested in or use the tools available to me to solve a challenge on my own.'"

Excerpt from Inc. -- "In March, New York University’s Stern School of Business released a study that demonstrates something most people know intuitively: Serial entrepreneurs fare better when they stick to their knitting. Startup founders benefit from the experience gained running a prior business in the same industry, even if that prior business failed. 'Leveraging your industry-specific knowledge from one venture to the next can be incredibly valuable,' says J.P. Eggers, an associate professor at Stern."

Excerpt from Financial Times -- "In a thoughtful article earlier this summer, Stephen Cecchetti and Kermit Schoenholtz argued that a pan-eurozone deposit insurance scheme would be cheaper and more effective than national insurance schemes — much as in the US, the Federal Deposit Insurance Corporation has done a better job than state-run ones. The authors note that the last state-run deposit guarantee schemes in the US failed in 1985."

Excerpt from Accepted.com -- "First, recognize that failure is inevitable. Nobody who's been successful in a career in a corporation or in financial services can say that he or she has been successful without failing. How you react to a failure is going to be much more important than anything else you do in an organization. It will be much more important to anything you do to be a guarantor of your future success. If you react to a failure by getting depressed and by losing your will to go on and be as enthusiastic and as driven as you were prior to the failure, you will have lost the game."