Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "The Volcker rule will certainly usher in change on Wall Street. As William Silber, a New York University professor and author of 'Volcker: The Triumph of Persistence,' a biography of Mr. Volcker, says: 'If a firm like Goldman Sachs, which is now a bank, can’t speculate, then the pendulum will swing.'"

Excerpt from Bloomberg TV -- "If you become more data-driven, you start thinking about a younger consumer, you understand emerging technologies and platforms...those kinds of skills lend themselves well to all kinds of things in addition to ecommerce. So what we're seeing is the firms that are really committing to strong digital have this sort of rising-tide effect across the entire enterprise and we're seeing it linked to greater shareholder returns. So digital is moving to the center and firms are really thinking about, 'How do we make this part of our culture?'"

Excerpt from CBN -- "2013 CBN Financial Books of the Year 'Big Winner' goes to: Volcker: The Triumph of Persistence, by William L. Silber."

Excerpt from The New York Times -- "A paper by two economists, Xavier Gabaix of New York University and David Laibson of Harvard, provides an explanation. When people are choosing a product or service, they don’t pay close attention to all of its features. When I signed up for cable, I wasn’t thinking about the headaches of canceling down the road."

Excerpt from Motley Fool -- "After analyzing the universe of stocks that traded publicly for at least 30 years between 1926 and 2011, the authors concluded that Berkshire Hathaway, under Buffett's stewardship, had the highest Sharpe ratio (which measures risk-adjusted performance) of them all. On top of this, the authors found that Buffett had a higher Sharpe ratio than 'all U.S. mutual funds that have been around for more than 30 years.'"

Excerpt from Bloomberg -- “'Buffett’s performance appears not to be luck, but an expression that value and quality investing can be implemented,' said Andrea Frazzini and David Kabiller of AQR Capital Management LLC and Lasse H. Pedersen of Copenhagen Business School. 'If you travel back in time and pick one stock in 1976, Berkshire would be your pick.'”

Three teams of first-year MBA students went head-to-head, pitching their ideas for future business endeavors in the finals of Amazon’s 2013 Innovation Competition.

Excerpt from Poets & Quants -- "New York University’s Stern School, whose fortunes are also somewhat tied to Wall Street, had its best MBA placement year in the past four years, with 96.0% of this year’s class with job offers three months after commencement."

Excerpt from Data Informed -- "Students come from various functions, such as IT, human resources and marketing, and a range of industries, from automotive, banking, retail, health care, government and consulting. More than 15 nationalities are represented."

On December 5, Associate Professor of IOMS Rene Caldentey, CBA Executive in Residence Rick Zeni, Professor of IOMS and Marketing and Co-director of the Center for Business Analytics Anindya Ghose, and Associate Director of the Center for Business Analytics Mandy Osborne, hosted a revenue management roundtable discussion.

Excerpt from Bloomberg Businessweek -- "If you’re traveling back to where you used to work, visit your previous employer, suggests Pamela Mittman, assistant dean of Career Services and Leadership Development at New York University’s Stern School of Business. You can also send personalized notes inviting alumni in the area to coffee or an informational meeting, she adds."

"Many of the problems with low wages and poor working conditions stem from the purchasing practices of global retailers. But too often, efforts to solve the problem focus on noncompliant factories and an endless cycle of inspections. The H&M announcement is another acknowledgement that the supply chain operations of global retailers are perhaps the most important place to look for improvements in wages and working conditions."

Excerpt from TIME -- “'Our lives are circumscribed by our everyday circumstances,' says Jonathan Haidt, a psychologist and ethicist at New York University’s Stern School of Business. 'When bad things happen, we want to know about them. This is why people rubberneck at traffic accidents.'”

Excerpt from Bloomberg TV -- "Right now, the American economy is growing at, let's call it 2%, its potential is probably 3.5. It's all private sector. The economy's flexible, dynamic and restructuring, but the thing is still fiscally constrained, although I think the fiscal drag is coming off. And on a longer-term basis, the American economy, the American government, has been under-investing. Governments make complimentary investments in human capital and infrastructure and things like that in all economies, including developing ones, and we're under-investing. So as long as we continue that pattern, I think the growth will be below the potential and it's very hard to break that pattern when you've got high unemployment and people who are feeling stressed."

Excerpt from The Huffington Post -- "Some may believe I am obsessed with collaboration. In my work and in my life I encourage CEOs, companies, organizations and individuals to come together to collaborate for the best results. Books like Co-opetition (Adam Brandenburger) and The Death of Competition (James F. Moore), as well as my own book Link Out report that when competitors work together, innovation results."

Excerpt from Business News Network -- "[The foreign exchange market] is pretty much an unregulated market for the most part. There are some national regulations, but if you ask who is the global policeman for the foreign exchange market, there is none. So this is the problem -- I think this is the same problem, or a similar problem, in the case of the LIBOR scandal. There is no clear policeman, although, nominally, the Bank of England and other British regulators, UK regulators, have been in charge, but they haven't really been following the details. So there is really no one in charge."

Excerpt from Clear Admit -- “'Ian Bremmer and the Eurasia Group set the standard of excellence for political risk analysis in business,' Stern Dean Peter Henry said in a statement. 'In coming to teach at Stern, Ian brings significant experience to our classroom on the interplay between political risk, economic policy and growth, and helps us in our mission to prepare students for effective global engagement.'”

Excerpt from Fast Company -- "R/GA, the agency behind Nike’s pioneering FuelBand, signaled its intentions to, well, accelerate this bridging of the digital and physical by launching Connected Devices Accelerator--a three-month intensive program for 10 tech startups, powered by Techstars methodology--earlier this year."

Excerpt from Forbes -- "Employers often complain that it’s tough to find qualified candidates not simply because there’s a lack of degrees, but because many jobs now require a hybrid mix of higher-order skills – even in areas that didn’t always require them years ago. As Ferguson, Hitt, and Tambe found in a big data study for The Talent Equation, just a small increase in the number of employees with college degrees in certain areas can have a considerable return on investment."

As part of NYU Stern’s “Leadership Off the Record” series, Jacob Silverman, who was recently appointed president of Duff & Phelps, a financial advisory and investment banking firm, spoke with MBA students about his career in finance and technology.

Excerpt from The Weather Channel -- "'Our research suggests to rely less on end-of-world scenarios and to emphasize instead the various ways in which our country – and our planet – has a rich and long history that deserves to be preserved,' said NYU Stern researcher Hal Hershfield, Ph.D., in a press release. 'By highlighting the shadow of the past, we may actually help illuminate the path to an environmentally sustainable future.'"

Excerpt from Bloomberg TV -- "The top 20% of income-earning households control 80% of the wealth. And, effectively, Apple controls those people from a technology standpoint. So while everyone's talking about Apple pricing too high and how Android has taken a ton of market share away, the reality is almost everyone that matters, at least economically, is carrying an Apple product. And also, moving to the tablet, three-quarters of the sales done off the iOS platform were done off of tablets, specifically Apple tablets."

Excerpt from Barron's -- "'What we are witnessing in many countries looks like a slow-motion replay of the last housing-market train wreck,' Roubini concludes. 'And, like last time, the bigger the bubbles become, the nastier the collision with reality will be..'"

Excerpt from Business Insider -- "'Indeed, a new NBER paper via Counterparties shows that 'Buffett's returns appear to be neither luck nor magic, but, rather, reward for the use of leverage [combined] with a focus on cheap, safe, quality stocks.' In other words, he buys boring stocks that offer steady, low returns, but he amplifies those returns by betting with borrowed money. 'We estimate that Buffett's leverage is about 1.6-to-1 on average,' write authors Andrea Frazzini, David Kabiller and Lasse H. Pedersen."

Excerpt from Strategy + Business -- "As Nobel prize–winning economist A. Michael Spence pointed out in his book The Next Convergence: The Future of Economic Growth in a Multispeed World (Farrar, Straus and Giroux)—selected by strategy+business as one of the best business books of 2011—we are living in the middle of a century-long journey during which the rest of the world will catch up with the developed economies of the West."