Harvard Business Review

JUNE 9, 2011

He and two other economists created the trading process called Black-Scholes that impacted the ways financial markets were informed and influenced. And if we manage to hit this difficult target, we simply create an even more difficult one at which we can aim. Robert Merton was 46 when he won the award.

Merton 18

Merton Black-Scholes Welch Organizational Behavior 18

Harvard Business Review

SEPTEMBER 29, 2014

Index funds initially were brought to market by Vanguard founder Jack Bogle, whose idea for the S&P 500 Index fund was heavily influenced by two economists: late great MIT economist Paul Samuelson and Princeton’s Burton Malkiel, author of the classic, A Random Walk Down Wall Street. What’s the larger point to be made here?

Strategy 15

Strategy Black-Scholes Airlines Price 15

Harvard Business Review

DECEMBER 22, 2016

Indeed, in the 1980s Peter Drucker, the management expert who correctly understood that the purpose of the business corporation is to create customers rather than profits for shareholders, touted 20:1 as a sufficiently high ratio for any company in any country, including the United States.

CEO 8

CEO Black-Scholes Price Merton 8