Experience Stern | News & Events

Excerpt from Retail Dive -- "'The deal that is allegedly penned between ABG and Saks will capitalize on the ghost of the creative brand that Barneys used to be by transforming it into a series of soul-less, licensed merchandise for mass consumption,' Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business, told Retail Dive last week, adding that no amount of 'curation' or homage 'can be as groundbreaking as Barneys has been.'"

Excerpt from CNBC -- "It's very different than cryptocurrency like bitcoin or ether, which is decentralized, has no leadership, and relies on a community of people who compete to build the blocks that update the transactions. Because of the design of something like bitcoin, it really can only accommodate a small amount of traffic. But something with central management like libra could really grow to almost any size that you wished.'"
 

Excerpt from Poets & Quants -- "Now, Poets&Quants’ Professor of the Week, Nobel Prize-winning economist Robert F. Engle of New York University Stern School of Business, has created a new tool to measure systemic risk in the financial system, and hence the risk of a new global financial crisis."

Excerpt from CGTN -- “'I believe that in the long run we could see some benefit for tech investing in general,' says New York University Professor Arun Sundararajan, the author of 'The Sharing Economy.' 'The amounts of capital infused into companies pre-IPO aren’t quite as enormous and the valuations stay realistic until the company is subjected to the rigorous of the public market.'”

Excerpt from MarketWatch -- "That’s because brokerage commissions already were so low that they amounted to nothing more than a 'drop in the bucket' of total transaction costs, according to Aswath Damodaran, a professor of finance at the Stern School of Business at New York University. Therefore, he said in an interview, the move to zero commissions will not lead to significant cost savings for almost all investors."

Excerpt from TIME -- "TIME spoke to financial historian Richard Sylla, a Professor Emeritus of Economics and the former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University Stern School of Business and Chairman of the board of the Museum of American Finance in New York City."

Excerpt from Bloomberg -- "'There is value here. There's a global brand that has evolved the workspace on a unit level--there probably are some properties that make money. The issue is, if you then back out the $43 billion in long-term leases that have an average duration of 15 years, you likely have a company that's not only worth less than $8 billion, it's probably got negative value.'"

Excerpt from MarketWatch -- "The senators’ measure has drawn support from some experts, such as Nobel-winning economist Paul Romer. 'We must get back to the conditions that make markets work: when consumers know what they give a firm and what they get in return,' Romer said in the lawmakers’ press release. Mandating portability will give people 'a realistic option of switching to another provider,' he added. The bill’s lengthy full name is the Augmenting Compatibility and Competition by Enabling Service Switching Act."

Excerpt from Financial Times -- "Amy Webb is a futurist and founder of the Future Today Institute, which helps leaders look ahead and anticipate change. Also a professor of strategic foresight at New York University’s Stern School of Business, she recalls an early demonstration of a voice-powered app from a start-up called MindMeld."

Excerpt from Telegraph -- Mervyn King, the former Governor of the Bank of England, warned today that Brexit has dragged on 'far too long' and was preventing Government from addressing underlying issues within the UK economy."

Excerpt from Business Insider -- "Scott Galloway, the best-selling author and well-known tech-industry pundit, is a professor of marketing at New York University's Stern School of Business. His weekly business videos at Section4 and Winners & Losers have generated millions of views."

Excerpt from The Holmes Report -- "Adam Brandenburger, a professor at the New York University Stern School of Business who researches, writes and teaches about creativity, suggests two teams can strategize more creatively than one. Team A lists the strengths in your organization. Team B lists weaknesses. Then the teams swap lists."
 

Excerpt from CoinTelegraph -- "Futures are simply contracts to buy or sell a designated quantity of an asset at a specified price and date, and they are particularly useful when the underlying asset is volatile, which is the case with Bitcoin — and to a lesser degree with Ether, as David L. Yermack, professor at NYU Stern, noted to Cointelegraph."

Excerpt from Yahoo News -- “'The commander-in-chief is the primary spokesperson for the United States,' said Posner. 'And if he’s not echoing or even leading in the same direction as Secretary [of State Mike] Pompeo … it allows somebody like Xi Jinping to say ‘I’ll listen to the guy I’m talking to – the president – and I can ignore the rest’.'”

Excerpt from CityLab -- "'The truth of the matter is that this is not an industry that [WeWork] really created,' says Ari Ginsberg, professor of entrepreneurship and management at New York University’s Stern School of Business. 'A lot of the light that was on this industry was shown on them. When investors started questioning if is there’s a there there, they began to question whether they had a solid business model.'”

Excerpt from The Conversation -- "In September 2019, the 178-year-old global tour operator Thomas Cook “ceased trading with immediate effect.” The collateral damage associated with the liquidation was considerable: more than 20,000 employees without work, an estimated 600,000 travellers stranded around the world and repatriation and customer compensation costs north of 600 million British pounds, or almost $1 billion."

Excerpt from Fortune -- "'I study the psychology of how groups emerge and how you kind of see subgroups within the field ganging up on the common enemy,' said Barasch, NYU Stern professor. 'You kind of saw that,' she said of Tuesday’s debate and the dynamics with Warren."
 

Excerpt from Inside Sources -- "Conservatives and progressives alike often talk about closing tax loopholes to ensure a fairer, more just tax system. Sonenshine and Lawrence White, a professor of economics at New York University’s Leonard N. Stern School of Business who describes himself as 'markets-oriented,' approve of eliminating offshore tax havens and raising the corporate tax rate a little bit — not quite to 35 percent, but maybe around 25 percent, they said."

Excerpt from CNN Business -- "'Ted Sarandos has done a great job of seeing things before they happen,' Paul Hardart, director of NYU's Entertainment, Media and Technology Program and a former film industry executive, said in an interview with CNN Business. 'He made a strong statement, and a lot of other studios followed,' Hardart added. 'It shows the power of Netflix to set the agenda for Hollywood in a way that other studios didn't in the past. I give him a lot of credit for having conviction.'"

Excerpt from Expert Investor -- "Edward Altman, a professor of finance at the Stern School of Business in New York, whose work contributed to Klein’s research, pointed to the importance of governance factors. 'The accuracy of our default risk models improves by about 20 to 25% when we add both governance and macro factors to the financial data of our credit models for small and medium sized firms,' he said."

Excerpt from Retail Dive -- "But a takeover by a brand licensing company likely signals the end of the high-end, yet off-beat, creativity that Barneys was once known for, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business."

Excerpt from Bloomberg -- "'For the U.K. in particular, the question is the status of its enormously influential and powerful financial system globally. It's possible for Brexit to deliver a short-term hit, and then the U.K. develops a rather important but somewhat different place in the global economy. I wouldn't necessarily be pessimistic about the longer-term, as opposed to the adjustment period.'"
 

Excerpt from MarketWatch -- "The Upper Midwest and swing states are hit the hardest, Michael Waugh, a professor at New York University’s Stern School of Business, and the author of one of the new studies, told MarketWatch. 'These results suggest that Chinese retaliation is leading to concentrated welfare losses in the U.S.,' he wrote."