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Stern in The News: September 2007

Office of Public Affairs

Issue date: 10/23/07 Section: Administration
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.
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