Experience Stern | News & Events

Excerpt from Luxury Daily -- "'Luxury brands need to be more comfortable with risk,' said Allen Adamson, cofounder of Metaforce and adjunct professor at NYU Stern School of Business, New York. 'The temptation from most consumers is that luxury can wait, I don't need to make a big decision right now,' he said."

Excerpt from NY Daily News -- "Lawrence White, a longtime economics professor at New York University’s Stern School of Business, said the new numbers don’t even stack up well against the Great Depression of the 1930s. 'In the 1930s, we went from full employment in 1929 to 25% unemployment in 1933. It took three and a half years. We’re going to be seeing a comparable descent from full employment to deep depression in three and a half weeks, by this rate,' White told the Daily News."

Excerpt from Wired -- “'China is building its soft power,' says Nouriel Roubini, an economist at NYU who was an adviser to presidents Clinton and Obama. 'They are going to use this crisis to say, ‘Our political system is better, our technological model is better, our economic model is better.’”

Excerpt from Grant's Interest Rate Observer -- "Altman hazards no guess about when this grandaddy of benign cycles will turn malicious. 'When both macro and micro market forces point to an unmistakable negative outlook, I except the next stressed credit cycle to produce default amounts that will be higher than any in the past due to the enourmous bond, bank and nonbank buildup, and the crisis may last longer than the previous one."

Excerpt from The Wall Street Journal -- "New York University’s Stern School of Business added two specialized one-year M.B.A. programs in 2018, one in technology and the other focused on the fashion and luxury industries. For 2020, the school said applications for its one-year tech M.B.A. grew 59%; those for the fashion and luxury degree climbed 6%.
'The impetus was trying to think differently about what the future of graduate business education would look like and to meet the needs of employers that our existing programs may not be able to,' said J.P. Eggers, vice dean of M.B.A. and graduate programs."

Excerpt from Fast Company -- “'I think we have been drifting downward for years toward a growing and pernicious consensus that you can’t tell truth from falsity and there’s almost no point in trying to figure out whether there’s truth on a given subject,' says Paul Barrett, deputy director of New York University’s Stern School of Business and Human Rights, who has written extensively on misinformation in election cycles."

Excerpt from Poets & Quants -- "I was surprised by how diverse and interdisciplinary my business education has been. Majoring in business lies at the intersection of understanding and analyzing problems beyond spreadsheets. I am currently taking a class on Entrepreneurship & Sustainable Proteins. When I first applied to Stern’s Undergraduate College, I never imagined taking a course that analyzed how plant-based proteins can upgrade our food system to be more environmentally-friendly, healthier, and innovative. I used to think business was about spreadsheets, deals, and quarterly earnings reports. It’s so much more than that."

Excerpt from Adweek -- "The pandemic serves as a 'short-term shock,' said Joseph Foudy, clinical associate professor of economics at NYU Stern School of Business. Unlike a recession, there could be a turnaround in months, not necessarily years. 'If the recovery comes sooner than expected, they could find that it’s difficult to regrow,' Foudy said. 'It would be really inefficient to lay people off.'”

Excerpt from Retail Dive -- "Saks Fifth Avenue's flagship in particular, in the post-COVID era, will face what Serdari called 'an added, unwritten responsibility, which is what it means to define New York City retail on Fifth Avenue, luxury stores, across from Rockefeller Center. Even if times are tough for that parent company [HBC], that's worth exploring.'"

Excerpt from My Company Poland -- "It is surprising how little research is done to deal with this problem. It turns out to be quite complex. Julianna Pillemer, American psychologist from New York University Stern School of Business, the author of pioneering research into close relationships at work, wanted to answer some of the questions about the relationship between friendship and work. What are the basic features that distinguish friendship at work from other friendly or mentoring relationships? What is the difference between friendship between boss and subordinate and peer relationship? How is friendship with a person who you know 10 years different from the one that develops in the workplace?"

Excerpt from Yahoo Finance -- "The increase has spurred Amazon (AMZN) to hire an additional 100,000 workers to keep up with the demand, as Americans turn to the site for home essentials. And according to NYU Stern School of Business professor of marketing Scott Galloway, the greater reliance on Amazon will make it a far stronger company well after the coronavirus lockdowns come to an end."

Excerpt from The Verge -- "We’re continuing our Vergecast interview series remotely during the COVID-19 pandemic and this week, Verge editor-in-chief Nilay Patel sits down via Skype with Amy Webb, the founder and CEO of The Future Today Institute. Amy is also a professor at NYU’s Stern School of Business and recently came out with a book called The Big Nine: How the Tech Titans and Their Thinking Machines Could Warp Humanity."

Excerpt from Yahoo Finance -- "You can’t, until we get an exit plan from the new world the coronavirus has created. 'I think it [the economic recovery] will look very different. It will depend critically on the policies governments put in place,' explained former Bank of England governor Lord Mervyn King on Yahoo Finance’s The First Trade."

Excerpt from The New York Times -- "But there have been more sophisticated and sympathetic efforts, too, like the influential work of New York University’s Jonathan Haidt on the 'moral foundations' of politics: Haidt argues that conservatives actually have more diverse moral intuitions than liberals, encompassing categories like purity and loyalty as well as care and fairness, and that the right-wing mind therefore sometimes understands the left-wing mind better than vice versa."

Excerpt from Forbes -- "Below are tips Ronni and I came up with to help with a diverse range of audiences, both business and academic. Necessity is the mother of invention. I believe we’re all surprising ourselves with our abilities to adapt to teaching online in ways wouldn't have imagined as recently as 2 weeks ago, and finding it more satisfying than expected."

Excerpt from Clear Admit -- "When I started to research schools in earnest, Stern also stood out for its flexibility, with a menu of core courses and a broad range of electives and specializations. In spite of its (well-earned) reputation as a more traditionally finance-focused business school, I also felt that Stern was (and is still today) one of the few top schools to place a real emphasis on preparing students for careers within the tech industry, which was particularly important to me given my background and interests."

Excerpt from San Francisco Chronicle -- "'Generational shaming is a time-honored tradition,' said Michael North, a business professor at New York University who has researched the recent spate of media standoffs between Baby Boomers and Millennials. 'What’s taking place now is a symptom of our inherent generational divide, not a cause.'”

Excerpt from CNET -- "'For most of us, social media is a primary source of rapidly delivered news, updates from friends and a general method of connecting to the world,' said Adam Alter, an associate professor of marketing and psychology at New York University, who wrote a book about the addictive nature of technology. 'This is a unique situation,' he said of the pandemic, 'the fear of missing out on updates might be more extreme than it usually is.'"

Excerpt from NDTV -- “'In the gated communities and neighbourhoods of the larger cities in China, residents have organised small groups of volunteers via group chat apps to receive supplies at the gate for the whole community, box them for each household, and deliver them to people's doorsteps,' said Anindya Ghose, Heinz Riehl Chair Professor of Technology, Analytics and Marketing at NYU Stern School of Business. 'This is almost certainly something that can be done in many parts of India as mobile text messaging apps are also very popular in India and can enable this kind of grassroots coordination in large housing complexes and gated communities of India.'”

This event has been canceled. NYU Stern's Fubon Center for Technology, Business, and Innovation, and its Fintech initiative, will host Stern's fourth annual FinTech Conference on Friday, March 27, 2020. This year's conference will focus on Global Fintech 2020: No Borders, No Barriers.

Excerpt from Science Magazine -- "Eberhardt’s studies are 'strong methodologically and also super real-world relevant,' says Dolly Chugh of New York University’s Stern School of Business, a psychologist who studies decision-making."

Excerpt from VoxEU -- "The COVID-19 pandemic is a two-pronged health and economic crisis, and requires a two-pronged response. Ahead of an extraordinary meeting of G20 Leaders, this letter signed by 20 economists and global health experts has one simple message: this crisis is global and requires unprecedented cooperation across countries and disciplines."

Excerpt from U.S. News -- "The top business schools for finance prepare graduates to work in business administration and management. Students can often specialize in areas like investment banking and corporate finance. NYU Stern offers an MBA specialization in finance, and the school provides finance classes on topics ranging from bankruptcy and reorganization to volatility."

Excerpt from The Hill -- "'The situation illustrates the problematic nature of the policy which may make sense when we think about it in connection with American elected officials who we want to allow to debate the issues of the day even if they’re misleading,”' said Paul Barrett, deputy director of the New York University Stern Center for Business and Human Rights, 'But [it] looks very different when it is protecting foreign officials who for malign reasons are spreading flat out falsehoods about a pandemic.'"

Excerpt from Reuters -- "Former Bank of England Governor Mervyn King said on Monday that the economic challenge facing Britain was tougher than during the 2008-09 financial crisis and that public borrowing was likely to rise significantly. But he warned against viewing the coming economic downturn like a conventional recession or depression. 'In order to deal with a health crisis, the government is deliberately pressing down on economic activity ... and at some point there will be a rebound,' King said."