Experience Stern | News & Events

Excerpt from The Economist -- "A study by David Yermack of NYU Stern School of Business found that returns to investors in firms that allow such flights are 4% lower per year than in other companies."

Excerpt from Brisbane Times -- "These findings contradict the prevailing view that speaking up carries a 'high level of risk, causing others to view the employee as threatening or disloyal, and negatively affecting ratings of job performance.'"

Excerpt from The Economic Times -- "'Ultimately, all private equity money needs exit. If the public market mood darkens, it will have a ripple effect that goes all the way through the PE and VC ecosystems,' said Aswath Damodaran, professor of finance at the New York University Stern School of Business."

Excerpt from Bloomberg -- "'HBO has been the ultimate Gordian knot,' says Jamyn Edis, a former vice president of HBO’s consumer technology group who’s now an adjunct professor at New York University’s Stern School of Business. 'It’s been a seemingly intractable set of problems: long-term contracts written before the dawn of digital, 30-year-career executives with no incentive to hurt the Time Warner cash cow, an institutional distaste for technology—"we’re in the content business"—and the internecine tribal warfare typical of any organization.'"

Excerpt from CNN Business -- "Growing numbers of Americans are renting everything from clothes to cars, explained Ari Ginsberg, professor of entrepreneurship and management at NYU'S Stern School of Business. ... 'You can either join or get run over,' said Ginsberg. 'If you don't do it, your competitor is going to.'"

Excerpt from the The Statesman -- "Adam Alter, author of the best selling book, Irresistible, informs us that most people devote between one and four hours on their phones daily and others far longer across the globe. These people also spend an average of a quarter of their waking lives on their phones, which is more time than any other daily activity they engage in except sleeping."

Excerpt from CNN -- "...there's another reason why some people are trying to say we should rethink the trade with China, and that's because some people in the United States have gotten huge gains from the trade, others have not enjoyed the same benefits. So, they're saying, 'We need to redress this imbalance,' but it's not realistic to say, 'We're going to use a treaty with another country to solve an internal problem.' So, that's a problem that people should address with an internal policy in the United States."

Excerpt from Psychology Today -- "Instead of 'good' or 'bad,' Chugh suggests, we need to start thinking of ourselves as good-ish, a term she introduces in her book, The Person You Mean to Be. Good-ish embraces the idea that the self is error-prone and conflicted, yet strives to be better. It's a rejection of a fixed 'good person' image—like the one the inner critic pushes us toward—in favor of the idea that we are a work in progress."

Excerpt from Ad Age India -- "Perhaps, then, just like in any digital ecosystem, news outlets need to understand the role of ‘social channels’. The news outlets will never win the ‘who brought it to you first’ battle, because the most connected networks will always win that. However, if the news outlets stuck to what they know best, they may be able to hold their ground."

Excerpt from ThinkAdvisor -- "'Since the wave of market reforms that started almost two decades ago, stock prices in China have become as informative about future firm profits as they are in the U.S.,' according to the authors."

Excerpt from The Washington Post -- "'For any mainstream marketing tapping into big sponsors and big advertisers, I think it’s going to come off the table, certainly for the next couple of years and maybe forever, because marketers are risk-averse,' he said. 'There are plenty of choices in entertainment.'"

Excerpt from The Atlantic -- "'People bind themselves into political teams that share moral narratives,' Jonathan Haidt writes in his book The Righteous Mind. 'Once they accept a particular narrative, they become blind to alternative moral worlds.'"

Excerpt from Fast Company -- "The Big Nine are under intense pressure — from Wall Street in the United States and Beijing in China — to fulfill shortsighted expectations, even at great cost to our futures. We must empower and embolden the Big Nine to shift the trajectory of artificial intelligence, because without a groundswell of support from us, they cannot and will not do it on their own."

Excerpt from Marketplace -- "Paul Hardart, a clinical professor of marketing at New York University, said he thinks there are songs of Jackson's that are so intertwined with our culture that it will be difficult for them to ever fully go away, but large brands may want to dissociate from Jackson. 'There's lots of licensing in terms of TV, ads, movies, etc. And that's where [the estate] could get hurt a fair amount,' Hardart said."

Excerpt from Bloomberg -- (28:13) "I pretty much look at the fundamentals of a company... I look at the growth, risk, and cash flows of a company. But here, what we have to think about is this is a brand new disrupting service, so to price something on the fundamentals is always going to be difficult for us. ... Certain disruptive technologies... we have to be a little bit liberal about the fundamental valuations here."

Excerpt from De Tijd -- (translated from Dutch using Google Translate) "'The players in this market are very sophisticated,' says professor emeritus Edward Altman of New York University, a world authority in problem bonds. 'In order to be present, you need to be well-placed in the valuation of debts and shares, technical and legal aspects and the trading of fixed-income products, coupled with a very patient, disciplined and proactive asset management.'"

Excerpt from SwimSwam News -- "'Rivalry is not necessarily a situation in which two competitors hate one another,' [Kilduff] says. 'It’s more of a situation in which two competitors are inextricably linked to one another. A rivalry will motivate athletes to train harder, to practice longer and typically perform at their absolute best when they are competing with a rival.'"

Excerpt from KRON TV -- (14:30) "Based on the facts that were released by state and city government in terms of cost-benefit numbers, the deal looked pretty good. It was basically a 9-1 return on investment... There's a growing suspicion of corporations becoming overly greedy, corporate welfare ... that and the fact that a lot of research by economists ... The research suggests that the return on investment is either negative or not positive."

Excerpt from Bloomberg -- "...if you've taken an Uber or a Lyft, you've noticed that most drivers drive for multiple platforms. I think a big part of what's going to drive success in the future is being able to convince drivers to spend more hours on your platform. So Lyft wants drivers to drive exclusively or predominantly on their platform; Uber wants the same. If I have stock in Lyft and I don't have stock in Uber, I'm much more likely to put my hours into Lyft."

Excerpt from Smithsonian Magazine -- “'If the legal system was biased against black inventors, they wouldn’t have been able to defend their patents,' she says. The white infringer would have been believed. 'Also, you need capital to defend your patent, and black inventors generally had less access to capital.'"

Excerpt from Seeking Alpha -- "Why are large companies such poor acquirers? Several reasons come to mind. Large companies are often overly bureaucratic with a set culture, complicating the integration of the acquired targets. Furthermore, large companies are often mature, desperately trying to reignite growth."

Excerpt from Luxury Daily --  "'Consumers’ ethical standards have consistently shifted away from products of questionable origins, whether this pertains to how they were made, of which material or by whom,' Ms. Serdari said. 'Additionally, as technology advances in terms of identifying the correct provenance of sources or in terms of tracing every manufacturing part to its origin, consumers have heightened the intensity of their concerns because they feel more empowered by technology to do so.'"

Excerpt from LiveMint -- "A new paper by German Gutierrez and Thomas Philippon of the Stern School of Business at New York University takes a look at superstar firms in the US economy over the past six decades. Their careful empirical work ends with a counter-intuitive conclusion. Superstar firms have not become larger, have not become more productive and their contribution to productivity growth has fallen by more than a third."

Excerpt from MarketWatch -- "Paul Zarowin, a professor of accounting at the Stern School of Business at New York University, told MarketWatch, 'If Berkshire Hathaway is holding a lot of assets that are marked-to-market now, it makes sense that he would shift his focus to share price. A new emphasis on share repurchases is aligned with that.'"

Excerpt from The Wall Street Journal -- "Valuation guru Aswath Damodaran late last year figured it was worth about $38 billion, while analysts at Deutsche Bank thought a disposal of part of the business would fetch a little over $10 billion after taxes."