Highlights from NYU Stern media coverage in September included a front page story in The Wall Street Journal, which highlighted the separate research of Professors David Yermack and Daniel Wolfenzon, finding correlations between a company's success and its CEO's personal life. Professor Arun Sundararajan co-authored an opinion piece in India's leading business newspaper, The Economic Times, arguing that government intervention, in the form of company subsidies, is needed to create the third generation of mobile phone standards and technology (3G) in India. Professor Lawrence White was featured in streaming video on WSJ.com, Barrons.com and Marketwatch.com, talking about his recent testimony at a Senate hearing on the role of credit rating agencies in the subprime shake-up. On ABC News, Professor Peter Golder talked about the importance of word-of-mouth advertising, and in the Financial Times, Professor Nicholas Economides analyzed the potential fallout for Microsoft after the European Union Appeals Court upheld its 2004 ruling against the company. NYU Stern was also recognized this month for its leadership in social entrepreneurship in Fortune Small Business. Continue reading for more summer news highlights, which have been organized into three categories: Faculty Research & Accolades; Stern Programs & Community; and Expert Commentary from Faculty - each category arranged in date order. For a comprehensive look at NYU Stern's media coverage, visit the News and Information site at www.stern.nyu.edu/News/.
Faculty Research & Accolades
The Wall Street Journal: "A Family Death Hurts, Studies Say, as Does Buying a Mansion" September 5, 2007
This front page story highlights separate research by Professors David Yermack and Daniel Wolfenzon on the correlation between a company's success and its CEO's personal life. The article was also picked up by WSJ Asia, WSJ Europe, AOL.com, Affars Varlden and the Association of Executive Search Consultants website. "When you go to the track, you study the horse," remarked Professor Yermack. "Investing is not that different. You want to know as much as you can about the jockey." Professor Yermack's joint research was also featured on KGBT4, EDN.com, The Times, CoStar.com and three blogs.
Stern Programs & Community
Metro New York: "The Philosophy of Leadership" September 14-16, 2007
Dean of Students and Associate Dean of MBA Student Affairs Gary Fraser underlined the value of leadership opportunities-both in-class and hands-on experiences-for Stern's MBA students. "We like to put our students in situations which will give them the opportunity to lead and follow," said Dean Fraser. "This ranges from class presentations to scavenger hunts, but also includes simulating real-life situations which allow us to test out their leadership, and which allow students to better understand their individual style of leadership."
Metro New York: "So You Wanna Make Movies" September 14-16, 2007
NYU's new MBA/MFA dual degree program for producers, in which students will earn degrees from both the Stern School and Tisch Kanbar, was featured along with a photo of Professor Samuel Craig and Kanbar Institute's John Tintori. Professor Craig, director of the Entertainment, Media and Technology program at Stern, described how this program addresses the need for professionals in the film industry with strong business skills to complement their creative acumen.
Entrepreneur Magazine: "And the Winner Is..." September 2007
Assistant Director of the Berkley Center for Entrepreneurial Studies Loretta Poole discussed what judges are looking for from teams participating in the annual Business Plan Competition: "Judges typically look for sustainability and scale of the venture, and the management team's ability to execute."
Fortune Small Business: "Best for Social Entrepreneurship; Best for Executive; Best for Double Majors", September 2007
NYU Stern was recognized for its leadership in social entrepreneurship in the publication's recent list of best business schools. Stern's Langone Part-time MBA Program and NYU's new MBA/MFA dual-degree program for producers were highlighted. "There is a heightened social awareness at NYU," said Dean Thomas Cooley. "Part of my mission is to engage the University with the environment in which we live."
Expert Commentary from Faculty
WallStreetJournal.com: "Downside of the Housing Bubble" September 28, 2007
As a result of Stern's proactive media outreach, Professor Lawrence White was featured in streaming video on WSJ.com, Barrons.com and Marketwatch.com talking about his recent testimony at a Senate hearing of the Banking, Housing and Urban Affairs Committee on "The Role and Impact of Credit Rating Agencies on the Subprime Credit Markets." He argued that Congress should wait to implement any new initiatives addressing the subprime debt crisis so that recent legislation encouraging more competition among agencies has time to take root. His testimony was also cited in Reuters, US Fed News, State News Service, American Banker and TheDeal.com, and photographed in The New York Times. His views on the subprime shake-up and the role of credit rating firms were also highlighted in Dow Jones, O Estado de Sao Paulo, AOL Money & Finance, and The Australian. Additionally, Professor White conducted an in-depth interview with CNBC comparing September's meltdown in the mortgage market to the S&L crisis of the late 1980s.
ABC News: "Fruity Frozen Yogurt Wars Heat Up" September 27, 2007
In an article about the emerging popularity of frozen yogurt shops across the US, Professor Peter Golder commented on the significance of word-of-mouth advertising in launching a new business. He noted that consumers are "sort of programmed to discount advertising [they] hear."
Financial Times: "US Technology Groups Fear Falling Foul of EU Laws" September 18, 2007
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