Since receiving the prize, Scholes has used his background in options pricing, capital markets, tax policies and the financial services industry as a managing partner for Oak Hill Capital Management. He also is involved in the private and public investment groups of the Robert M. Bass organization. He also consults widely with many financial institutions, corporations and exchanges and continues to lecture worldwide. Scholes was a principal and limited partner at Long-Term Capital Management, L.P., an investment management firm, from 1993 to 1998.

• The Nobel prize: 100 years of honoring achievement
  
  
• Scholes' faculty profile
  
  
• Scholes' research group
  
  
• Scholes is GSB's second Nobel laureate (Stanford Business magazine, 1997)
  
  
• GSB's Scholes wins Nobel for economics (Stanford Report, 10/15/97)
  
  
• Taxation and the Dynamics of Corporate Control: The Uncertain Case for Tax Motivated Acquisitions Stanford GSB Research Papers, 1986)
  

Nobel website:

• 1997 Prize in Economic Sciences
  
  
• Scholes' autobiography
  
  
• Photo of award ceremony