Experience Stern | News & Events

Excerpt from CNN -- "Irv Schenkler, Director of the Management Communication Program at New York University's Stern School of Business, said that companies need to take a balanced approach when developing their social media strategies. On one hand, firms should be engaging with their customers online. On the other, they should be wary of jumping into a controversy too quickly, he advised."

Excerpt from TheStreet -- "'The other thing to remember is GE is basically a manufacturing company, especially since it spun off a lot of its financing, it's a manufacturing company. Manufacturing is less than 10 percent of the US economy, yes it's been expanding a little bit, but we are a services oriented economy, have been for a long time. This is not 1957, this is 2017 and we are going to continue to be a services oriented economy.'"

Excerpt from Pacific Standard -- "This timely new research, published in the journal Violence Against Women, is based on Jonathan Haidt's well-known moral foundations theory. Haidt argues that liberals and conservatives resonate to different dimensions of morality, and this divergence drives our increasingly polarized politics."

Excerpt from Quartz -- "'So here’s what’s wrong about how they’re thinking about it,” he said. 'They’re not considering the fact that more drivers would drive more' if Uber raised wages. 'If you basically said, alright, so now we’ll pay more—promotional payments, incentives, however you want to do it—as long as Uber runs an open platform, that’s going to get dissipated.'"

Excerpt from the Coin Telegraph -- "'It’s quite possible that after a while you just realize it’s not worth the cost of tooling up to take it and you decide to drop it if the publicity has run its course,' said David Yermack, a professor at New York University Stern School of Business who studies Bitcoin."

Excerpt from The Times -- "In his book Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked, Adam Alter offers a catalogue of tricks, from fitbits that make you want to keep your steps up, to Snapchat “streaks” you don’t want to end."

Excerpt from Salon -- "This is a psychological phenomenon where the least knowledgeable and most ignorant persons about a given subject are most likely to assert their expertise about it. Trump's repeated claims to be 'smart' and 'intelligent' are an example of the Dunning-Kruger effect in practice."

Excerpt from Quartz -- "In the long-run, Indian consumers stand to gain. Flush with funds, Ola and Uber may well turn their attention to innovation instead of competing on prices, said Anindya Ghose, the Heinz Riehl professor of business at New York University. 'Net net, this investment will lead to a good outcome for consumers,' he said, 'as it will force both players to pull up their socks, roll their sleeves, and revisit how they can improve the quality of their service in India.'"

Excerpt from NPR -- "The study looked at what happens when one of those states changes its corporate tax rate, and how it affects different parts of the region. Their conclusion: Tax increases can hurt a region's economy, but no evidence exists that tax cuts spur growth."

Excerpt from The Wall Street Journal -- "States usually team up to prosecute large corporations like Google, with bigger states like New York or California leading the way, said New York University economics professor Nicholas Economides. He predicted Missouri would try to recruit other states if it seeks charges. 'Google is going to be a significant case,” he said. “If it’s going to be just Missouri, that would be a very unequal fight.'"

Excerpt from The Wall Street Journal -- "'The overwhelming story is that it doesn’t seem to matter what Uber does with fares' when it comes to driver earnings, said John Horton, an NYU assistant professor of information, operations and management sciences, and a co-author of the study, called “Labor Market Equilibration: Evidence from Uber."

Excerpt from The Wall Street Journal -- "Almost every big company using AI to automate processes has a need for humans as a part of that AI, says Panos Ipeirotis, a professor at New York University's Stern School of Business. America's five largest financial institutions employ teams of non-engineers as part of their AI systems, says Dr. Ipeirotis, who consults with banks."

Excerpt from Business Insider -- "The global economy keeps growing, the inflation rate is still low, and central banks slowly depart from their unconventional, extra-easy monetary policy. Investors buy risk and their attitude toward the risk is optimistic. So, right now I don’t see any major threats."

Excerpt from BusinessBecause -- "Nicholas thinks that, in some instances, the onus lies with governments. The Irish government did little to discourage Apple from exploiting a tax loophole. 'The tax issues with Apple in Ireland came from the way the Irish government wrote their contracts,' he explains, 'Apple was paying almost no tax at all as a result of that.'"

Excerpt from The New York Times -- "More and more, we are wondering why, when we know the top Silicon Valley companies are not benevolent, we invite them into the most intimate areas of our lives, as Scott Galloway asks in 'The Four,' a book about how Amazon, Apple, Facebook and Google are refashioning the world. 'Are these entities the Four Horsemen of god, love, sex, and consumption?' Mr. Galloway wonders. 'Or are they the Four Horsemen of the Apocalypse?'"

Excerpt from Fox Business -- "Like all big conflicts over the last 100 years, the war against big tech is going to break out in continental Europe. No university buildings or hospital wings are named after Facebook or Amazon billionaires in Europe. They register…a fraction of the upside but a lot of the downside in terms of anti-competitive or job destruction which is going to stiffen the backbone of EU regulators."

Excerpt from Bloomberg -- "'The rule-makers have woken up to the fact that they can’t regulate Uber and Lyft out of existence but at the same time I think cab companies start out with a legacy problem,' said Aswath Damodaran, a professor at the New York University Stern School of Business."

Excerpt from Accounting Today -- "Overall, our findings are consistent with the view that mandating a fully independent audit committee with at least three outside directors is not, on average, value enhancing…Assess[ing] changes in financial reporting quality…we find no evidence that [the rule] produced tangible benefits to shareholders."

Excerpt from El Pais -- (translated from Spanish using Google Translate) "'Technology companies fear that, sooner or later, [governments] will try to pass a regulation that substantially alters their business model,' explains Pankaj Ghemawat, a professor at New York University and IESE Business School. Author of World 3.0: Global Prosperity and How to Achieve It."

Excerpt from Philstar.com -- "The DHL Global Connectedness Index – which tracks international trade, capital, information and people flow – shows that globalization slowed down in 2015 but did not go into reverse. Updated data for 2016 for trade and investment suggests a continued slowdown but still no reversal."

Excerpt from Xinhua -- "Corporations would have greater levels of profitability due to lower taxes, while higher level of profitability for corporations leads to higher stock prices, Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview."

Excerpt from The New York Post -- "'This was probably due to hurricane impacts but fits into a larger trend where wage growth has been weaker in this recovery than prior ones,' Joseph Foudy, a business professor at New York University, told The Post."

Excerpt from The Ringer -- "Alter and colleague Daniel Oppenheimer studied the performance of hundreds of stocks from 1990 through 2004 and found the ones with simpler names were the ones that performed better. The same went for politicians ('people prefer politicians with simpler names') and lawyers in American firms ('fluent names rise up the legal hierarchy to partnership more quickly')."

Excerpt from Fox Business -- "Simplification.. one page.. that is music to my ears. At the same time, we've got to remember, we've got all these things we as a population, we as an electorate, want to have done, whether it's having a safe country, increasing the capability of the men and women who serve in our armed forces, getting a better air traffic control system, getting more potholes fixed in our roads... all of those things, we've got to pay for them somehow."

Excerpt from Bloomberg -- "I have studied the mobile economy for awhile now and I am fascinated by the facial recognition technology that the new iphone X has. China has been the trendsetter in the mobile economy and everybody else is actually following them. One particular aspect that fascinates me is facial recognition...a lot of consumers in China are accustomed increasingly to having facial recognition technology and my sense is that this particular technology and the iphone X is something that will be well received."