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Posts published in “Issue 2: March 2020”

Plastic Bag Ban Comes to New York

New York made history on March 1, becoming the second state
in the country to pass a plastic bag ban. While the ban is state-wide, it is
being augmented by localities in different ways; some are providing paper bags
as alternatives without a cost or allowing grocery stores like Wegmans to
charge a fee per paper bag. In the case of New York City, the ban comes with a
five-cent fee for each paper bag sold at grocery and retail stores. The ban is
specific to single-use plastics given at the counter and has exceptions, such
as those used to contain meat or fish.…

The Graduate: Alan Gallo

The Graduate: Interviewing Notable Alumni from Every Decade of Stern

The Oppy is commemorating another decade of NYU Stern with our new ‘The Graduate’ series. Each month, we’ll interview notable alum from each decade since the 1960s through the 2010s that has made an impact in their community and industry. 

The Graduate, 1990 Edition: Alan Gallo, EVP, Chief Audit Executive of American Express

This month’s ‘The Graduate’ interview is with Alan Gallo, executive vice president and chief audit officer of American Express. He has over 30 years of career experience at a global corporation. He’s also a double Sternie (both MBA and B.S.),…

Coronavirus & The Market

If you are lucky enough to have a 401(k), first of all,
congratulations. You are preparing for retirement when you’re young, likely
30-plus years before you say goodbye to your working days. That’s the best
possible way to prepare for your golden years, regardless of how fast your
portfolio grows. For folks in that group, the value of time (read: compound
interest) is worth more than a single annual return in the stock market. 

However, if you do have a 401(k), or any investment
portfolio with a heavy concentration in equities for that matter,
unfortunately, it has probably gotten crushed lately.…

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