Experience Stern | News & Events

"Under Mr. Manley’s leadership, Jamaica began borrowing heavily to pay for social programs, setting the stage for Jamaica’s recent fiscal struggles, according to Peter Henry, a Jamaican-born economist and former dean of New York University’s business school."
 

“'Some researchers have described phones as adult pacifiers, because they act like pacifiers do for young kids: They soothe anxiety and other forms of psychological discomfort,' said Adam Alter, Associate Professor of Marketing at New York University’s Stern School of Business and author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked."

“Americans are increasingly likely to get news from social media sites, even as large percentages of Pew respondents say they’re wary about whether that news is biased or sensationalized,' Barrett told Quartz over email. 'This is a recipe for voter cynicism and intensified political polarization.'"

“Why is espousing the "Slow Movement" beneficial? Dolly Chugh, a psychologist and NYU professor, gave TODAY three reasons why it's important to slow down.”

"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."

"Target Circle is the latest entry in what NYU business professor Alixandra Barasch calls 'an arms race' — one in which retailers are trying to one-up their competitors by offering gold and platinum elite levels and investing big money."

"Lawrence White, professor of economics at New York University’s Leonard N. Stern School of Business, told InsideSources he thinks Deutsche Bank’s report exaggerates the impact of fintech on the banking community."

"A desire for individuality isn’t the only thing driving young people away from mall retailers, according to Serdari. 'We have a new generation that is more sophisticated in the sense that they are more interested in what they’re consuming,' she says. 'They have strong convictions about what they should be wearing and the ethical and authenticity aspects of it, and transparency in terms of manufacturing—especially the ones that are really concerned about climate change.' She pointed to Greta Thunberg and the success of her recent student climate protests as an indicator of what Generation Z is willing to do in order to stand up for their beliefs."

"There probably are a minority of WeWorks that are cash-flow positive and could sustain a corporate headquarters with 80 percent fewer staff. They have 15,000 employees; I don’t see any path that doesn’t involve 5,000 to 10,000 layoffs in the next 60 days."

"'Selling Didi's shares at [a] discounted price doesn't seem unnatural considering the stock price of Uber and Lyft,' said Jihoon Rim, a former CEO of Kakao, a South Korean messaging app that also has a taxi service who is now a professor at New York University. 'When you see a global peer suffering, it is difficult to defend the stock unless you can argue it is different.'"

"What's more, Walter says signing on to the UN principles can be a preemptive exercise by banks 'aiming to ward off regulation.' They are 'making the case that, post-financial-crisis, they have learned some valuable lessons, they understand where they went wrong, and are changing their ways, as encapsulated in the Principles for Responsible Banking.'"
 

Excerpt from Family Circle -- "If you have a very clear memory of reading an email, but you've searched and searched and still can't find it in any file...check your texts. 'It happens all the time--a conversation will continue on three or four different forms of communication,' says Adam Alter, associate professor at [the] Stern School of Business at New York University and author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'It's the perfect recipe for dropping the ball.'"

Excerpt from WalletHub -- "Some people do not correctly anticipate how much more interest they will pay, and as a result end up paying too much. A personal loan typically has a defined schedule of payments. This may be helpful for people who have trouble estimating how much interest they will pay and as a way to organize their repayment."

Excerpt from Recode -- "'The owner of the platform manipulates who succeeds or who fails,' one of the report’s authors, NYU Stern Professor Melissa Schilling, told Recode."

Excerpt from The New York Times -- "'Peloton is talking about delivering happiness and connecting people,' Mr. Galloway said. 'No: You sell exercise equipment.'"

Excerpt from Fortune -- "'It is not about just spitting out a probabilistic outcome,' Seamans says. 'You will need everyone on board with the course of action, and if you can’t explain the rationale, you won’t be able to do that.'"

Excerpt from Bloomberg -- (15:35) "This is really a product that is category-defining. It has defined the first realistic middle ground between boring home exercise equipment and going to a studio, going to a fitness class, so I'm bullish about the company, but I think that they have to make a few smart strategic moves in order to justify and grow their valuations."

Excerpt from nScreenMedia "At the Future of Television show in New York this week, Al Lieberman, Executive Director Entertainment, Media, and Technology Program at NYU Stern, opened the event with a short speech. He left the audience with a brief prescient thought: 'Change and risk define where we are in the industry.'"

Excerpt from MIT Sloan Management Review -- "The section on 'investing in our employee' sounds like Henry Ford introducing the $5/day wage plus other services for employees in 1914. But Ford was trying to retain low-skilled workers engaged in repetitive tasks, whereas today's companies are competing for high-skilled people. Overall, the statement reads like an acknowledgment of larger societal shifts and less [as a] changing force itself."

Excerpt from Knowledge@Wharton -- "They have to survive a recession and prove [that this] business model can survive, and then they should go public. If they rush it, I think it's going to be a misfire."

Excerpt from Quartz -- "'Deep discounts can have detrimental erosion effect on the value of products and services in the mind of the consumer, especially if it is done frequently and for an extended duration,' Anindya Ghose, the Heinz Riehl professor of business at New York University’s Stern School, told Quartz."

Excerpt from CNBC -- "One simple way to look at it is, I came to the US 20 years ago and 20 years ago, internet service, cell phone plans, airline tickets -- all of that was much cheaper here than in France. And today, when you fly around the world, you realize it's the opposite."

Excerpt from Business Insider -- "'He's not going to accept change easily,' Adamson adds. 'Once your head gets that big, you're not going to take directions from an operations, management bean counter type. But that's what's required to get this back on track. It's going to be painful. Lots of people are going to lose money.'"
 

Excerpt from The New York Times -- "Decrying 'safetyism' at elite colleges, the authors link rampant anxiety to overparented students with impossible expectations of protection. Our reviewer, Thomas Chatterton Williams, praised the 'disturbing and comprehensive analysis of recent campus trends.'"

Excerpt from Bloomberg -- "If you look back over history, we get occasional dislocations, which are basically liquidity crunches in the financial system, and the Fed has demonstrated, yesterday and on other occasions, a capacity to deal with it..."