Harvard Business Review

JUNE 9, 2011

Robert Merton was 46 when he won the award. He and two other economists created the trading process called Black-Scholes that impacted the ways financial markets were informed and influenced. Merton had the office on the other side of my office. You see the problem. DeLong is the Philip J.

Merton 18

Merton Black-Scholes Welch Organizational Behavior 18

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

Harvard Business Review

SEPTEMBER 29, 2014

Even more directly, the growth in financial options can be traced largely to the ease of valuing them, which is due to the Nobel-prize winning work of Fischer Black (the MIT economist and later Goldman Sachs partner who died before he certainly would have shared in the award), Myron Scholes (formerly of Stanford) and MIT’s Robert Merton.

Strategy 15

Strategy Black-Scholes Airlines Price 15