Experience Stern | News & Events

Excerpt from Reuters -- "Companies do not rely primarily on loans to pay for new factories and equipment. Between 1980 and 2017, 80% of the cash for corporate capital expenditure in the United States came from retained profit, according to economists Stephen Cecchetti and Kermit Schoenholtz."

Excerpt from Financial Times -- "'For a decade, [Netflix has] spent more and more money on content to get users and increase market capitalisation, and it worked,' Aswath Damodaran says. 'But the question is: how do you get off this treadmill? At some point spending 75 per cent of every dollar on content won’t be sustainable. The next year is going to be the big challenge.'"
 

Excerpt from The Real Deal -- "'Gee, how do you establish rules that apply to Missoula, Montana, to Center City, Philadelphia, to Tampa, Florida, let alone Queens and Brooklyn?' he said. 'We have great difficulty administering a rent control program in New York City. I can’t imagine doing it on a nationwide basis. It’s just chaos.'"

Excerpt from Politico -- "The lawmakers cited a National Bureau of Economic Research study from last year that found 'private equity buyouts lead to expanded enrollment and increased profits, but also to higher tuition, lower education inputs, lower graduation rates, higher student borrowing, lower repayment rates, and lower wage earnings.'"

Excerpt from Ensia -- "'A lot of regulations, when businesses really get down to it, they find it helps them become better managed,' says Tensie Whelan, director of the New York University Stern School of Business’s Center for Sustainable Business. 'You not only reduce pollution, but you also reduce your cost.'"

Excerpt from Education Dive -- "'To keep the attention of all these students from such diverse backgrounds is a challenge for sure,' Yermack said. 'It forces you as a professor to really think about, "How am I going to explain this and make it seem universal enough that people from both a philosophy background and an engineering background should care about it?"'"

Excerpt from Financial Times -- "My feeling is that US policymakers need to stop blaming China and start focusing on the fact that our supposedly free market liberal democracy is no longer that. I’d suggest they read economist Thomas Philippon’s new book, The Great Reversal: How America Gave Up On Free Markets. Fascinating comparisons with Europe, which is actually much more competitive in many ways that the US."
 

Excerpt from Thought Catalog -- "According to researchers at New York University’s Stern School of Business and University of California’s Anderson School of Management, turning 30 often compels people to 'audit the meaningfulness of their lives.' The authors posit that 'the approach of a new decade represents a salient boundary between life stages… [and] functions as a marker of progress through the life span.'"

Excerpt from Agenda Week -- "For Karen Brenner, executive director of law and business initiatives in NYU’s Stern School of Business, the explanation may relate to directors’ circumstances. For one, new directors might not feel they have the experience to 'challenge' the CEO, she says. Or there may 'just be a temporary issue or problem at the moment of the survey ... But that’s not a circumstance that’s healthy to persist.'

Excerpt from The Wall Street Journal -- "New research by Baruch Lev of New York University’s Stern School of Business and Anup Srivastava of Calgary’s Haskayne School of Business found that since 2007 value companies had the weakest profitability since 1970, while what they call “glamour” stocks had their best profitability."

Excerpt from CoStar News -- "'Public relations and investor relations are going to be extremely important for this company going forward,' said Ari Ginsberg, professor of management and entrepreneurship at New York University’s Stern School of Business, before the amended S-1 filing. 'They need to be addressing these things now if they aren’t already."
 

Excerpt from Forbes -- "It’s essential to clarify what your brand stands for, and what you believe in as an organization. To do this you must establish the three or four signature values that define your brand and use them as your navigational North Star during good times and, more important, challenging times. Your company leaders and your employees must be able to embrace these values and understand what it takes to live them. This means that both your leadership and your employees must be instrumental in establishing these values."

Excerpt from Politico -- "According to a Blackburn spokesperson, late additions to the panel roster include Charlotte Slaiman, senior policy counsel at Public Knowledge; Eric Null, senior policy counsel at the Open Technology Institute; and Robert Seamans, associate professor at New York University. They join representatives from Lyft, Airbnb and Freewheel, as MT reported. The group 'will discuss how consumers are now in search of greater protections for their personal information while simultaneously demanding greater rights to transfer that information,' the aide said."

"[Economic] growth is really growth in value... you can take the same raw materials, rearrange them into something we as humans value more... so your ability to create value is really limited only by all the different ways you can configure the raw material on earth into things that we value more."

Excerpt from CardRates.com -- "'We ran a simulation study where we changed the banking policy and allowed the bank to waive the first overdraft fee for a consumer who had never done overdraft before,' Liu said. 'Maybe the customer never realized the overdraft fee was so expensive. So, the consumer learned the lesson, and the next time, the consumer will be more aware and avoid the fee.'"

Excerpt from Bloomberg -- "'You just can’t figure out what will happen with the trade war,' he said. 'It doesn’t mean you’re not concerned, but you’re not chasing your own tail and wondering what to do next and what’s Trump going to say, what’s he going to tweet. That stuff factors into the fund’s positioning but indirectly through the patterns it sees in prices and volatilities.'"

Excerpt from Canadian Investment Review -- "'Because insiders have superior private information, have discretion over which of their funds to invest in, and may subsequently alter the fund operations; managers with large personal stakes may choose actions which negatively affect their investors,' the paper said."

Excerpt from CNBC -- "Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the 'dean of valuation,' analyzed the start-up’s prospectus filed in August. Based on that pre-IPO paperwork, he said WeWork’s equity is worth $14 billion — about 70% below its latest private market valuation."
 

Excerpt from CNBC Closing Bell -- "I'm sure there will be a subset of workers who will like the benefits and the full-time employment status... There are millions of Uber and Lyft drivers who are doing this as transition work to supplement other income so I think if you think that this will be universally welcomed by workers, that's.. dead-on wrong. In particular, the workers who will no longer be able to drive for Uber and Lyft are certainly not going to welcome it."

Excerpt from Channel News Asia -- "There are all these new influencers who actually started their blogs or Instagram accounts because they wanted to voice their difference -- not necessarily because they wanted to be in the business of selling fashion, which I think is a very important issue that consumers appreciate, rather than having brands telling them, 'buy, buy, buy', they have someone who is a little bit more objective, or neutral."

Excerpt from Variety -- "'There’s less of the "giant idea" that’s meant to re-paint the sky but more down-to-earth [concepts] that can be implemented in the short term,' says Al Lieberman, professor at New York University’s Stern School of Business and executive director of NYU’s Entertainment, Media & Technology program."

Excerpt from Vox -- "'The market opportunities are on the, "Mom, can I get new [insert backpack brand, sneaker brand, or clothing brand here] for school this year? All my friends have them."'"

Excerpt from Financial Times -- "Many partners get offers to do other things at hedge and private equity firms ... that means that Goldman Sachs has to keep the partnership flame alight to continue to attract talented people."

Excerpt from Bloomberg -- "At 20 billion, this makes no sense. The fact that it's been cut in half doesn't matter."

Excerpt from The New York Times -- "'It’s a metaphor for my sense of economics,' Mr. Romer said. 'I picture an economist showing up at Burning Man and saying: "Oh, look! This is the miracle of the invisible hand. All of this stuff happens by self-interest, and it just magically appears." And there’s this huge amount of planning that actually is what’s required beneath it to make the order emerge.'"