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04/22/91

CONTACT: Stanford University News Service (415) 723-2558

Grundfest wins Olin Foundation faculty fellowship

STANFORD -- Joseph A. Grundfest of Stanford Law School is one of five public policy scholars nationwide to receive a John M. Olin Faculty Fellowship for the 199l-92 year.

Now a Stanford associate professor, Grundfest joined the Law School faculty in 1990 after four years as a commissioner of the U.S. Securities and Exchange Commission.

He served previously with the national Council of Economic Advisers in the Executive Office of the President, as counsel and senior economist for legal and regulatory matters.

The Olin Faculty Fellowships were introduced in 1985 by the John M. Olin Foundation of New York to encourage scholarly work in policy-related disciplines by promising young university teachers.

Olin fellows receive financial support for a full year of research and writing.

Grundfest, who is trained in economics as well as law, plans to conduct research on corporate governance and on the application of modern finance theory to legal proceedings.

The Olin Foundation has also been providing support since 1987 to the Stanford Law School program now known as the John M. Olin Program in Law and Economics.

Grundfest's publications include several scholarly monographs in the Olin program's working paper series, as well as articles in the Journal of Financial Economics, Journal of Financial Services Research, Wall Street Journal and Fortune, and chapters in books relating to law and economics.

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