Experience Stern | News & Events

Excerpt from WalletHub -- "I dont believe there is very much. But, for me, personally, I much prefer Visa cards. The Mastercards that I have are through Citibank, and I am unsure whether it is something to do with Mastercard, or something to do with the Citibank tie-up, but they are a lot more inconvenient to use, than, for example, the Visa card I have through Capital One. There does not seem to be a system for an automatic cash-back, for one, and, for the other, there seem to be maximums on the amount of cash-back you get per year. They also charge foreign transaction fees that my Capital One Visa does not."

Excerpt from Financial Times -- "Some current and former HBO executives described a 'country club' culture at the network. 'You had lifers who didn’t have any incentive to rock the boat. HBO was a high-margin cash cow business for Time Warner,' says Mr Edis, who is now a professor of new media at NYU’s school of business."

Excerpt from The Wall Street Journal -- "'The more cooks you put into the kitchen, the more likely there is to be disagreement about what ingredients you should use and so forth,' Dr. Greenberg says."

Excerpt from TheStreet -- "'You can change your strategy, your advertising, the money you put into research, but the hardest part is to teach old dogs new tricks,' said Allen Adamson, founder of Metaforce and professor at NYU Stern School of Business."

Excerpt from Bloomberg -- "Together with Gabriele Sabato, previously head of risk appetite decisioning at Royal Bank of Scotland Group Plc, Altman founded London-based Wiserfunding Ltd. to calculate the 12-month default probability for businesses with less than 150 million euros ($168 million) of revenue. Their methods cover 19 European countries and have correctly forecast whether a company would default or stay solvent in about 90 percent of cases, Altman said in a phone interview."

Excerpt from Axios -- "Some Friedman acolytes came to regret core views, since the pursuit of self-interest sometimes led companies, such as Enron, 'to do things that were not in the interest of shareholders,' said Richard Sylla, a professor emeritus at New York University."

Excerpt from Yahoo Finance -- "Markets are always trying to anticipate what's going to happen and they may well be looking a couple of months, a couple of quarters, down the road. There's, I think, a good case to be made [that] this has been due to a number of one-off things. For example, recovering from the government shutdown that was at the end of the last quarter. There's some one-off international trade things. Look, I would love for this strong growth and low inflation and low unemployment all to persist, but I wouldn't want to bet the farm."

Excerpt from Marketplace -- "Look, if you reduce it [shipping time] from two days to one day, you are going to more than double the volume [of Amazon purchases]."

Excerpt from Forbes -- "To illustrate important themes of the 11th Annual Volatility Institute Conference, 'Financial Volatility in an Age of Geopolitical Risks,' Nobel Laureate Robert F. Engle shared stimulating and often humorous food for thought. 'We are drowning in information but starving for knowledge' John Naisbitt 'At the end of the day, every politician is human, but what about the rest of the day?' Stephen Colbert 'A fool and his money are soon elected.' Will Rogers"

Excerpt from CBS News -- "More unusual is for a deposed founder to see such outsized gains in an IPO involving a company he or she no longer runs, said Arun Sundararajan, a professor at New York University's Stern School of Business. 'I can't recall a time when the single biggest beneficiary of an IPO is no longer involved when they go public,' he said."

Excerpt from Worth -- "'The biggest challenge that I'm thinking about right now is how to tackle the negative impacts of our current phase of capitalism, which is focused on shareholder primacy and short term-ism and managing to stock price and the negative societal impacts that type of capitalism has on labor force.'"

Excerpt from The New York Times -- "Scott Galloway, a marketing professor at N.Y.U. and my co-host on the podcast Pivot, calls it the 'algebra of deterrence,' by which he means a price and a punishment that makes certain you will not do a bad thing again. Five billion dollars is not that price. 'Put another zero on it and then we can start talking,' said Mr. Galloway this week."

Excerpt from The New York Times -- "Looking at the video, she said, is 'definitely shifting the perspective to details about the way she looked, and also other details — maybe someone else’s reaction to her.' Not only could the change in perspective increase self-presentation anxiety but, 'according to research, it could also dampen emotional aspects of the experience,' Dr. Barasch said."

Excerpt from Bloomberg -- "The things that disrupt you are the things you don't see coming, but I don't see anything coming. It's just difficult to see where they're vulnerable at this point. I think the only place they're vulnerable is what you mentioned, and that's antitrust action. ... even if antitrust comes, you're still looking at just enormous shareholder gains. It's great to be an unregulated monopoly."

Excerpt from Grand Valley Business Times -- "Studies conducted by Justin Kruger at the New York University Stern School of Business demonstrate we accurately interpret the difference between seriousness and sarcasm in electronic communications only 50 percent of the time — no better than chance."

Excerpt from Forbes India -- "Haidt has a few recommendations for what ails us. He believes reducing device time on social media is the starting point. Then consciously finding ways to listen to one another, even when we disagree, without feeling the need to be right and finding common cause in the areas where we agree. Finally, to future parents, he offers the words of a baby doctor who cautioned against over-protective parenting, 'don’t just do something, stand there.'"

Excerpt from CNBC -- "'All four are richly priced ... I’m a little scared of Uber at $100 billion. I think both Lyft and Uber are struggling with a way to convert revenue growth into profits. So you are paying $100 billion for a company that still doesn’t have a viable business model. That’s scary,' Damodaran says."

Excerpt from The Washington Post -- "'This is an extreme step in terms of regulation, but one that I think will be becoming more common in the future,' said Barrett, whose center seeks to train business leaders to make decisions on human rights issues. 'We may be at a breaking point in terms of how people around world view big social media companies.'"

Excerpt from Herald Tribune -- "...a recent study authored by Professors Sandeep Dahiya of Georgetown University’s McDonough School of Business and David Yermack of New York University’s Stern School of Business analyzed the returns of 28,296 nonprofit endowments from 2009–2016. They found the median return for the eight-year period across 28,000-plus organizations to be 3.75%, while a 60% domestic equity/40% Treasury bond construction delivered 9.28%."

Excerpt from Nightly Business Report -- "One, we are certainly seeing a lot more discussion about new proposals and different ideas that would cut back on some of these things. But I think there's a lot of talk about and research looking at these issues. At the same time, there’s a lot of concern that innovation is not happening in the U.S. and in corporate America in the way it has in the past, especially compared to countries like China. And when you put those two pieces together, recognizing that innovation is one of the key challenges that people look at as having being cut back by going public... I think this is a time we’re going to talk about this very seriously and look at this in a lot more detail."

Excerpt from Ad Age India -- "SHE launched in March 2016. McCann had the task of launching this fund. The brief called for a print ad, but McCann saw an opportunity to deliver a message instead of merely launching a fund. It became a larger calling to raise awareness about the lack of gender diversity in corporations, especially in the boardroom of financial institutions. The team at McCann in partnership with an amazing and willing client spent a year bringing this idea to life."

Excerpt from Bloomberg Quint -- "Put simply, I hope Dara Khoshrowshahi means it when he says that Uber has to show a pathway to profitability, but I think that is what is more critical is that he acts on those words. In my view, this remains a business, whether you define it to be ride sharing, transportation services or personal mobility, without a business model that can generate sustained profits, precisely because the existing model was designed to deliver exponential growth and little else, and Uber, and the other players in this game), have only a limited window to fix it."

Excerpt from The Guardian -- "Obama’s wardrobe might have changed tack slightly, becoming edgier and more on-trend – but its power is not new. David Yermack, a professor of finance at NYU Stern School of Business, tracked her 189 outfit-strong wardrobe during the first year of her husband’s presidency and published the findings in Harvard Business Review."

Excerpt from The Wall Street Journal -- "A study of clients of Vanguard Group, the giant asset manager, is the latest look at how individual investors make decisions. It shows them, overall, to be patient and prudent. It also offers a hint as to how investors and their financial advisers can get a little smarter still."

Excerpt from Slate -- "I think everybody’s been in a position where if you just look at a set of data, it’s hard to get emotional about a set of numbers. However, if those numbers are included in a story with many more details—that’s much more descriptive, that explores what all of the plausible outcomes might be—then it’s a bit easier to develop strategy and to feel a sense of urgency."