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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.…

An Update on COVID-19

Since our last article, the novel Coronavirus has gotten a new name (COVID-19) and has come to the east coast. As of March 7, 2020, there have been 164 confirmed cases in the U.S. of COVID-19 with 11 deaths, and 44 confirmed cases in New York. 

Internationally, the mortality level from COVID-19 is around 3.5 percent and over 80 percent of cases (approximately 80,000) have been found in China. While it was inevitable that COVID-19 would come to the U.S., the huge jump in cases noted in the past week seems concerning. The increase occurred for a few reasons. For starters, as with any respiratory communicable illness, the rate of transmission increases in a local area due to its spread in the air via respiratory droplets and saliva (air in close proximity to an infected person only), physical contact, and contact with a contaminated object or surface. …

Stern Singles Presents: Alex Shih

Welcome back to another addition of Stern Singles! As the weather warms up, and love fills the air, we are excited to introduce our most eligible bachelor of the month – Alex Shih!


“Alex is amazing because when he goes to a Sternie’s birthday party, he is constantly busy making sure that the birthday person is having the time of his/her lives. That means asking the restaurant ahead of time if he can bring a cake, or going to Party City beforehand to buy whole balloons and party favors, or weaving through a big rowdy crowd to get to the waiter to ask how/when the birthday person can get their bottle and birthday sign.” 

Lessons from Super Tuesday: Congratulations, Michael Bloomberg!

In the interest of transparent journalism, I feel obliged to inform you that I have never been to American Samoa and, in fact, know very little about it. I do hear Pago Pago is lovely this time of year, though, and if Tuesday night is any indication, Mike Bloomberg might want to consider buying a vacation property there. That is, assuming he doesn’t already own one.

I mean, he probably owns one.

Whether or not he does, it seems he’s pretty popular there after snagging the most interesting prize of Super Tuesday. Bloomberg ran away with the American Samoa Caucus, which had a whopping six delegates at stake.…

Stern Somebody: From the Field to the Classroom

The Oppy staff is proud to continue a new feature for the paper called “Stern Somebody” to tell the stories of remarkable classmates and how they became the exceptional people that they are today.

All members of the Stern community hope to overcome professional challenges. For most of us, that doesn’t typically require forcibly pushing around 300-pound men. Nnamdi Obukwelu is an exception. After a decorated college football career as a defensive lineman for Harvard, Obukwelu fulfilled a childhood dream by signing as an undrafted free agent with the NFL’s Indianapolis Colts in 2014. Later that year, Obukwelu retired due to back injuries.…

Fireside Chat with Jelena McWilliam

By Richard Berner

On February 19, the Stern Center for Global Economy and Business and the Stern Volatility and Risk Institute hosted an NYU Stern Fireside chat with Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation, one of America’s critical financial regulators. 

Stern’s Fireside Chats give faculty and students an opportunity to interact and engage with leaders in business and government. This event did not disappoint: Chairman McWilliams is the third woman to fill the leading role at the FDIC and the interview revealed clearly why she is a role model for all of us. 

We began the discussion by exploring Chairman McWilliams’ background and her passion for her work as a financial regulator.…

Finding Your Voice: Career Advice from Karen Reynolds Sharkey (MBA ‘98)

By Alyssa Brewer

Karen Reynolds Sharkey (MBA ‘98), a leader in the finance world who launched and continues to lead the national business owner strategy at Bank of America’s Private Bank, is channeling her years of experience into supporting female entrepreneurs and business leaders.

Driven by a desire for a career on Wall Street, Karen Reynolds Sharkey joined J.P. Morgan after completing her undergraduate degree at Rutgers University. She completed the part-time MBA program at Stern while working on the trading floor in equity derivatives, then moved to San Francisco to head up a team covering the West Coast. As she moved into senior leadership positions, Sharkey’s career brought her back to New York, followed by a transition into the private banking sector with Bank of America.…

2020 NYU Stern Fintech Conference: No Borders, No Barriers

By Robert Bole

On March 27th, NYU Stern’s Fubon Center for Technology, Business, and Innovation will host Stern’s Fourth Annual Fintech Conference.

Financial Technology, or “Fintech,” refers to technology focused on improving/ automating components of the Global Financial Services industry.  This improvement is seen typically from utilizing specialized software and/or algorithms, powerful computers, and big data.

The focus of this year’s conference will focus on “Global Fintech 2020: No Borders, No Barriers” and includes a packed agenda with speakers; including Kunal Kapoor (CEO Morningstar, Inc), Charles Elkan (MD and Global Head of Machine Learning at Goldman Sachs), and Andrew Boyajian (Head of Banking, North America Transferwise).   …

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