Experience Stern | News & Events

Excerpt from BizEd Magazine -- "Is turbulence in the world market a sign that companies should abandon their globalization strategies in favor of more localized agendas? No, says Pankaj Ghemawat of New York University and IESE. In fact, companies and countries suffer from 'the yo-yo effect' when they switch too radically from global to local business approaches, as Coca-Cola disastrously demonstrated over a period of 30 or so years."

Excerpt from Business Insider -- "On average, it takes six seconds to check a typical email after it arrives in an inbox, Adam Alter, a New York University professor, previously told Business Insider. But, he continued: 'If you check an email, it's going to take you 25 minutes to get back into that state of productivity you were in before you checked your email.'"

Excerpt from South China Morning Post -- "On the other hand, the government has displayed a proposal for foreign workers to be proficient in the Bahasa Indonesia language, while tightening visa restrictions and price controls. Indonesia ranks 108 out of 140 countries measured on the DHL Global Connectedness Index, scoring low on human connectedness in particular: its rate of migrants, tourists and international students flowing both inwards and outwards is relatively low."

Excerpt from Business News Daily -- "'The toughest thing to price in is just the market uncertainty and those effects,' Foudy said. 'The stock market is jittery, but there's so much uncertainty about what [the] U.S. and others will impose. We see them move nervously but toward no particular outcome. It is slowing down business investment; uncertainty does that ... businesses need to know what's happening or they just put things on hold.'

Excerpt from Bloomberg -- "'There are strong social norms right now around committing to these kinds of goals,' said Dolly Chugh, an associate professor of management and organization at the NYU Stern School of Business. She has studied how public pressure changes diversity behavior. 'If you’re among the minority of CEOs who isn’t signing the pledge or promise, you’re violating a norm and norm violations make people very uncomfortable.'"

Excerpt from The Wall Street Journal -- "The authors, Brian Pike and Adam Galinsky of Columbia University and Gavin Kilduff of New York University, studied 34 seasons of NCAA men’s basketball tournaments, as well as postseasons in the NBA, NFL, NHL and Major League Baseball to analyze how success of a team’s rival impacted the team’s future performance. Their findings showed that a strong performance by a team’s rival was positively associated with an uptick in the team’s performance in the following postseason."

Excerpt from the Financial Times -- ""According to a paper by Jason Furman, former chairman of the US Council of Economic Advisers, and Professor Robert Seamans of the Stern School of Business, those who earn less and those with less education are more vulnerable."

Excerpt from Luxury Daily -- "'It is always a good idea for heritage brands to take a fresh look at their own archives and find new ways to tell and re-tell their story,' said Thomai Serdari, a professor of luxury business marketing at New York University, New York. 'Far from showcasing vanity, brands approach their younger followers, who perhaps have not been initiated into the brand story yet neither fully nor completely, with sensitivity and a genuine interest in forming a bond.'"

Excerpt from Business Insider -- "People think it's a trade-off: am I gonna be a nice, good citizen and treat the environment well or am I gonna maximize profits? And the truth is you will perform better financially by doing things like having a great sustainability program, by having women on your board and in your senior management and by treating your employees well and ensuring that they're owners of the company. Those things translate into better financial performance."

Excerpt from the Stamford Advocate -- "Moving away from opioids is 'definitely a risk, but it seems like a risk worth taking,' said Robert Seamans, an associate professor of management and organizations at New York University. 'To a certain extent, it seems like these types of sharp turns in strategy work better when private companies are making them. And since the CEO comes from the R&D side of the business, it sounds like they have the right person in place, now they have decided to pursue R&D instead of sales.'"

Excerpt from The Wall Street Journal -- "'I’m very doubtful that everybody is going to be able to make these tax payments,' said Constantine Yannelis, an assistant professor of finance at New York University who worked in the Obama Treasury Department. 'And I’m also doubtful that policy makers and society as a whole are going to be OK with jailing people for tax evasion because their student-loan balances are being forgiven.'"

Excerpt from Knowledge@Wharton -- "...It signifies that the European Union has abandoned the goal of Greece returning to the global financial markets which was supposed to be the goal of the programs, instead it's giving cash to Greece to avoid going into the financial markets..."

Excerpt from Bloomberg -- "'In one morning, we traded more British stocks than any other British brokerage firm had done in two weeks,' says Smith, 80, who’s now emeritus professor of management practice at New York University’s Leonard N. Stern School of Business. 'Big Bang essentially blew away all the British rules.'"

Excerpt from Barron's -- "There's talk of them acquiring some TV networks and to get scale in content really quickly and fill in some niches because those assets have been beaten down from a valuation standpoint and Amazon has the ability to monetize them, not with just advertising, but because if they create more intensity across their Prime relationships, which are now 60% of US households, then they can sell more paper towels and more stuff to them."

Excerpt from NPR -- "I mean, watching GE is like watching the Bataan Death March, right? I mean, every company has a story. And at this point, GE's story is that of, you know, decline. And the end is coming. You can see it."

Excerpt from Bloomberg -- "'Under these conditions, Greece is unlikely to achieve fast growth, and therefore will be unable to pay back its debt in full despite a 10-year postponement of maturities granted by the EU,' said Nicholas Economides, professor of Economics at the Stern School of Business at New York University."

Excerpt from The Chronicle of Higher Education -- "'We’re on a ship, the ship is kind of going down, and rather than fighting with each other, we actually can work together and patch it up,' Haidt said. 'It’s a pretty good ship, other than it’s sinking.'"

Excerpt from Nightly Business Report -- "I think they are going to start seeing it very soon especially if you shop through retailers like Etsy or Wayfair. I think Wayfair is probably one of the biggest losers here. They are a site that advertises themselves as a place where you don't have to pay sales tax. Amazon is probably going to see some impact but they are big enough to be able to absorb any loses that come from their sellers having to charge sales taxes. This certainly shifts the power in the online retail space away from the smaller players and toward the bigger players."

Excerpt from The New York Times -- "'The banking system usually looks at its greatest health at the top of an expansion,' said Kim Schoenholtz, a professor of the history of financial institutions and markets at New York University’s Stern School of Business."

Excerpt from The Wall Street Journal -- "'An average Facebook user logs in multiple times a day…and if [the campaign] is right up in your face every time you log in, the probability you see it is high,' Mr. Ghose said. 'So I give a lot of credit to a platform like Facebook for amplifying content like this.'"

Excerpt from InvestorDaily -- "According to her, they are concerned with the central question: '"How do they successfully operate a hybrid model where clients with large portfolios and complex situations can still receive the personal touch?"'"

Excerpt from Marketplace -- "GE was representative of America, of that whole post-war America as this industrial behemoth."

Excerpt from CNNMoney -- "The company is embracing a trend, said Thomai Serdari, a strategist in luxury marketing and branding who teaches at NYU's Stern business school: 'Cool is the new proper.'"

Excerpt from CNBC -- "'The two key elements of global growth have remained the U.S. and China, and now the U.S. and China are on the verge of a trade war,' he said. 'There are actually signs of a slowdown of global growth in emerging markets, and the Fed keeps on tightening. So, this is a moment of some degree of fragility.'"

Excerpt from The Wall Street Journal -- "'A robot has no consciousness, no ethics,' says Vasant Dhar, a professor of information systems at New York University’s Stern School of Business who runs a robo adviser for institutional investors. For a robo to qualify as a fiduciary, 'you’d have to have a machine that has a strong moral code and understands the implications' of violating it, such as a regulatory fine or lawsuit, he says."