Experience Stern | News & Events

Excerpt from BBC News -- "It's evidence of the deterioration of the finances of the national broadcaster and the amount of corruption that exists in the public sector in Greece."

Excerpt from New Zealand Herald -- "Academics Priya Raghubir and Joydeep Srivastava from New York and Maryland universities studied the specific mechanisms behind consumer spending according to payment mode and found that credit is treated as Monopoly money by consumers while spending cash reinforced the pain of paying."

Excerpt from Big Think -- "You have to marry the heart and the head. You have to be able to step back and frankly have the discipline to say, 'If we really want to help people we can’t just be driven by emotion.'"

Excerpt from The New York Times -- "The encouraging news is that the Affordable Care Act was intended to foster the evolution of a new system that can capture many of the gains currently enjoyed by countries like Sweden. For that to happen, however, Congressional critics must abandon their futile efforts to repeal Obamacare and focus instead on improving it."

Excerpt from Boston Globe -- "The amenities at SuperLux and similar movie houses represent an escalation in the competition, said Sam Craig, director of the entertainment, media, and technology program at New York University’s Stern School of Business. 'The market is segmented. People want a more elite experience,' he said. 'Theaters are finding ways to enhance the experience, but for a segment that’s willing to pay more.'”

Excerpt from The New York Times -- "Other environmental cues shape our actions because they subtly license us to behave badly. According to the heavily debated broken windows theory, people who are otherwise well behaved are more likely to commit crimes in neighborhoods with broken windows, which suggests that the area’s residents don’t care enough to maintain their property."

Excerpt from HuffPost Live -- "There is no doubt it was done for economic reasons. The state TV was not particularly critical of the government or there was no dispute between the state TV and the government so it was not a target of that sort. Now, it has to be clear that there is heavy unemployment in Greece, but the people who are unemployed are people in the private sector, not the public sector. The public sector is huge - hundreds of thousands of people, and it burdens the private sector so much that we have this very high unemployment. So no matter if this was done in the right way or the wrong way, there has to be a way for the public sector to be reduced in Greece. Otherwise there is no future for Greece."

Excerpt from News & Observer -- “'We’re only just scratching the surface on the marketing and sales potential in social media,' he said. 'Over the next five years, it’s probably going to grow tenfold, so certainly direct sales are going to be a part of it.'”

Excerpt from Inc. Magazine -- "'A complacent company isn't disruptive. At best, it's slow to change and stuck in the wrong behavior pattern,' said Luke Williams, author of 'Disrupt,' during the World Innovation Forum Thursday."

Excerpt from The Times of India -- "'In India, I couldn’t help but notice how women were sidelined even in domestic decision-making. However, I observed that one of my uncles treated women with dignity, which reflected in the language he used even when women weren’t around. What set him apart was that his wife was a working woman. I wondered how having a working wife as opposed to a stay-at-home one influences a man’s psychology?' said Desai, who co-authored the study with Dr Dolly Chugh of New York University’s Stern School of Business and Dr Arthur Brief at the University of Utah’s David Eccles School of Business."

Excerpt from BBC News -- "Many people worry that the way we've come out of the financial crisis is the governments in the United States and elsewhere have bailed out financial institutions which weren't even banks...insurance companies, money market mutual funds. So if those institutions now think that they're effectively insured, there's a danger that they're going to take... big risks, because essentially, they're gambling with the taxpayers' money. That's a badly designed system."

Excerpt from The Wall Street Journal -- "'The whole point of these plans is that if material events occur, as they inevitably will, the insider has an alibi against insider-trading accusations,' said David Yermack, a finance professor at the New York University Stern School of Business."

Excerpt from The Wall Street Journal -- “'We’re now at the end of the beginning of the process,' said Mike Posner, professor in the business and society program at NYU’s Stern School of Business and former assistant secretary of state in the Bureau of Democracy, Human Rights, and Labor, referring to the Guiding Principles broadly. 'Now the question is: what does this mean in very practical terms for specific companies, and how do you establish rules of the road in specific industries or countries?'”

Excerpt from Financial Times -- “'The under-30s may be entering a more volatile and economically challenged world, but there is no evidence that suggests Generation Z will be less fond of luxury items than the consumers that have come before – brands that don’t attune themselves to their social and spending habits will undeniably suffer in the long run,' says Prof Galloway."

Excerpt from The Huffington Post -- "...Haidt offers a genuinely fresh analysis of today's culture wars. My favorite bit: about halfway through the conversation, he shows that the intuition (the gut reaction) comes first, and the reasoning follows behind, largely to serve and protect the intuition."

Excerpt from Business Insider -- "In a followup to their 2008 paper on CEO compensation, Xavier Gabaix, Augustin Landier, and Julien Sauvagnat just released a paper looking at how CEO compensation decreased and rebounded as a result of the crisis...During the crisis (2007 – 2009), average total firm value decreased by 17%, and CEO pay decreased by 28%. During 2009-2011, we observe a rebound of firm value by 19% and of CEO pay increased by 22%."

Excerpt from CNBC -- "We thought that it would take about a trillion dollars to rescue the financial sector in the middle of the financial crisis of 2008. Three or four years later it was about half of that amount during the debt ceiling debate in the summer of '11 and now it's down to half of that again, $350 billion. It really looks like the banks are much stronger than they were anytime in the meantime."

Excerpt from The Wall Street Journal -- “'The relevance of accounting information in financial reports is decreasing at an alarming rate,' says Baruch Lev, an accounting and finance professor at New York University’s Stern School of Business. 'What investors need is a comprehensive picture of the business model of a company and how it is executed.'”

Excerpt from The New Yorker -- "Even the names people choose for their children vary from simple to complex, and that decision determines some of their outcomes later in life. With the psychologists Simon Laham and Peter Koval, I found that people prefer politicians with simpler names—and lawyers in American firms with fluent names rise up the legal hierarchy to partnership more quickly than their non-fluently named colleagues."

Excerpt from Financial News -- "This year in particular, bank boards have set high expectations for good governance. Let’s hope they will deliver. There is no margin for error at the top these days and retribution, from shareholders and regulators alike, will be swift if further scandals are unearthed."

Excerpt from Reuters -- "'The immediate implications for investors and employees will be significant, but for the market as a whole they will be small,' said Stephen Brown, a professor who focuses on hedge funds at New York University's Stern School of Business."

Excerpt from Forbes -- "The longer funding duration helps raise more awareness and generate more buzz and word of mouth and that actually translates into better project outcomes in terms of consumption."

Excerpt from CNBC -- "A lack of inflation is a key driver for gold losses and global prices are falling despite quantitative easing doubling or even tripling the money supply in most advanced economies, he noted. 'The reason (for this) is simple: while base money is soaring, the velocity of money has collapsed, with banks hoarding the liquidity in the form of excess reserves. Ongoing private and public debt deleveraging has kept global demand growth below that of supply.'"

Excerpt from Real Simple -- “'We gave people the same amount of money in either high or low denominations, then told them they could keep the money or spend it,' says Raghubir, a professor of marketing at New York University’s Stern School of Business, in New York City. Each time they ran the experiment, the results were the same: When given a large bill, consumers held on to it. When they got a small amount in small bills, they spent it—often on impulse items, like candy."

Excerpt from Project Syndicate -- "The run-up in gold prices in recent years – from $800 per ounce in early 2009 to above $1,900 in the fall of 2011 – had all the features of a bubble. And now, like all asset-price surges that are divorced from the fundamentals of supply and demand, the gold bubble is deflating."