Faculty News

Prof. Edward Altman on companies that fall into bankruptcy more than once

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Excerpt from Reuters -- "'There is too much emphasis on getting out, and getting on with business rather than whether it is going to work,' said Ed Altman, the Max L. Heine Professor of Finance at the Stern School of Business at New York University."
School News

The Stern Women in Business MBA student club is cited

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Excerpt from Forbes -- "Claudia herself supports such female non-profits as NEST, ShestheFirst, FACE Africa, and has always participated in the women in business community including panels for Stern Women in Business, the New York Times Small Business Summit, the Women’s Small Business Expo, and more."
Business and Policy Leader Events

Turnaround Management Mogul Tony Alvarez Talks with MBA Students at Leadership Luncheon Series

Tony Alvarez (MBA '76), co-founder of Alvarez & Marsal LLC, a global professional services firm with expertise in turnaround management, corporate restructuring and performance enhancement, spoke to a group of MBA students through NYU Stern’s Leadership Luncheon Series, coordinated by the School’s Leadership Development Team.
Faculty News

Prof. Eitan Muller on Apple's marketing strategy for the iPad3 release

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Excerpt from The Washington Post -- "'With the iPad, Apple is relying on the fact that they have a package to offer with the iPhone, iPod and laptop at home and all the content under that umbrella,' said Eitan Muller."
Faculty News

Prof. Lawrence White on NYC's plan to limit chain store growth

Excerpt from The Epoch Times -- "'New York City has a long history of trying to encourage locally based smaller retailers and trying to discourage larger chains' retailers headquartered somewhere else,' said Lawrence J. White, professor of economics at NYU, mentioning the that the city has yet to have a Walmart and only recently opened a Target."
Faculty News

Prof. Lawrence White on how the state of the economy can affect Obama's re-election chances

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Excerpt from CNBC -- " ... if job creation continues at the 12-month average of some 142,000, more than 1.1 million jobs will be added by Election Day. 'He’s lucky that the recovery has taken so long, coming now rather than a year ago,' says White."
Faculty News

An op-ed by Prof. Roy Smith on Bank of America

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Excerpt from Financial News -- "If Bank of America should stumble again, and the FSOC had done nothing to prevent it, the political, as well as the economic, fallout could be devastating."
Faculty News

Prof. Arun Sundararajan on the rise in use of cloud computing

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Excerpt from Crain's New York Business -- "'Cloud computing is increasingly used for things it wasn't used for before,' said Arun Sundararajan, a professor at New York University's Stern School of Business. He cited personal music collections that are now kept in Apple's cloud, and the use of the Web for everything from social networking to finding babysitters."
Faculty News

Prof. Hal Hershfield's research on saving for retirement is highlighted

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Excerpt from TIME -- " ... Ersner-Hershfield [have] come up with an imaginative way, by taking pictures of subjects and running them through software that adds 30 years to their age. People who see the self of tomorrow and then participate in a simulated 401(k) exercise put away more money than those who haven't gotten a glimpse of the person who awaits them three decades hence."
Student Club Events

Stern Private Equity Club Holds Seventh Annual Conference

Maintaining a tradition that began in 2006, the Stern Private Equity Club (SPEC) held its Seventh Annual Stern Private Equity Conference at NYU’s Kimmel Center on March 2. The sold-out conference had a record turnout of more than 350 attendees, bringing together over 200 professionals in private equity, as well as over 150 students to hear industry panels led by thought leaders.
Research Center Events

Salomon Center Hosts Conference on Alternative Designs for a Modern Insurance Regulatory Structure

The NYU Stern Salomon Center for the Study of Financial Institutions recently hosted its third annual conference to explore several controversial issues related to modernizing the sector. The conference included presentations from industry leaders and academics, such as Professors Matthew Richardson, John Biggs, Viral Acharya and Eric Dinallo.
Business and Policy Leader Events

Social Innovation Takes Center Stage at NYU Stern-Citi Conference in Leadership & Ethics

The Ninth Annual NYU Stern-Citi Conference in Leadership & Ethics addressed the theme of “Social Innovation as a Transformative Economic, Social and Political Movement.” Organized by NYU Stern’s Citi Leadership & Ethics Program and Business & Society Program Area, with generous support from the Citi Foundation, the conference featured this year’s Distinguished Citi Fellow in Leadership & Ethics, Jeffrey Hollender, co-founder of Seventh Generation.
Faculty News

Prof. Joseph Foudy on the US manufacturing industry

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Excerpt from The Wall Street Journal Japan -- "Mr. Foudy ironically, currently, China also have the same problem. Both in the U.S., even if it has a bachelor's degree, many low-skill workers, fewer personnel he experienced moderate skill and technical knowledge. Company would have no choice but to increase the investment in vocational education and training. In any case, the story of the long-term in the span 10 to 20 years (Translated from Japanese) ."
Faculty News

Research by Prof. Thomas Philippon finds the finance is industry inefficient

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Excerpt from The Huffington Post -- "Philippon's conclusion -- based on an analysis of the financial sector's output in recent decades, as well as what its workers have been collecting in profits and wages -- is that high finance is highly inefficient."
Faculty News

Prof. Scott Galloway says publishers must embrace Facebook

Excerpt from Women's Wear Daily -- "Galloway said publishers should be spending more with Facebook because it’s the least expensive way to target a young, affluent audience."
School News

Vice Dean Tom Pugel on NYU Stern & NYU School of Medicine's new MD/MBA dual degree program

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Excerpt from The Wall Street Journal -- "Tom Pugel, vice dean for MBA and executive programs at Stern, said the program should appeal to doctors-in-training who seek to manage a hospital or medical organization, as well as those who will need to oversee the business side of their own small practices, or medical professionals with an interest in working for a pharmaceutical company or in consulting."
Press Releases

NYU School of Medicine and NYU Stern School of Business Jointly Offer MD/MBA Dual Degree Option

With an increasing demand on physicians to manage both patient care and the business of medicine, NYU School of Medicine and NYU Stern School of Business now offer an MD/Master of Business Administration (MBA) dual degree program.
Faculty News

Prof. Arun Sundararajan on Google's privacy changes

Excerpt from InformationWeek -- "I see it as a move where Google is reducing its own risk. But I'd like to see them be more forthright in spelling out what they will and won't do with customer data."
Faculty News

Nobel Laureate Prof. Michael Spence on the rise of service jobs

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Excerpt from The Atlantic -- "Health care and government alone accounted for 40 percent of that growth, according to economist Michael Spence."
Faculty News

An interview with Prof. Baruch Lev on his new book, "Winning Investors Over"

Excerpt from IR Update -- "Over the years, listening to corporate executives and observing what they do, I have concluded that many are captive to a web of misperceptions about the workings of capital markets."
Faculty News

Prof. Vicki Morwitz on retail pricing tricks

Excerpt from SmartMoney -- "'A high-end restaurant will charge $32 for a steak because it makes it seem more luxurious than a steak for $31.99,' [Morwitz] says."
Faculty News

Prof. Jonathan Haidt is featured for his book, "The Righteous Mind"

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Excerpt from NPR -- "In 'The Righteous Mind,' Jonathan Haidt ... a moral perspective, he argues, is a feature of our evolutionary design. Morality has made it possible for human beings — unlike any other creatures — to forge large, cohesive, cooperative groups."
Faculty News

Prof. Xavier Gabaix on Wall Street bonuses

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Excerpt from MarketWatch -- "'Those numbers are just cash bonuses, but you don’t have the full compensation,' said Xavier Gabaix ... 'The comptroller should absolutely report deferred compensation. Otherwise, it’s hard to interpret the results.'"
Faculty News

Prof. Thomas Philippon's research on finance's share of GDP is cited

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Excerpt from Reuters blog -- "Thomas Philippon, a professor at New York University, has shown that the share of U.S. national income dedicated to finance has fallen only slightly since the crisis, when it was at its highest since records began in 1865."

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