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Stanford Report, October 3, 2001

Myron S. Scholes

Myron S. Scholes, the Frank E. Buck Professor of Finance, Emeritus; at Stanford's Graduate School of Business 1983-1996. Senior research fellow at the Hoover Institution 1987-1996. Awarded the 1997 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel with Robert C. Merton "for a new method to determine the value of derivatives."

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.

Nobel website: