Myron S. Scholes - Current Speaker
Tuesday, October 27th, 2009
Kent Student Center Ballroom
Free and open to the public
On October 27, 2009 Nobel Prize Winner Dr. Myron S. Scholes will be the Pilliod Lecture speaker. Dr. Scholes is the Chairman of Platinum Grove Asset Management (PGAM). PGAM manages dynamic multiple-strategy relative-value investment vehicles, specializing in risk transfer and liquidity-provision services to the global wholesale capital markets. Professor Scholes is also the Frank E. Buck Professor of Finance, Emeritus, at the Stanford University Graduate School of Business.
Professor Scholes is widely known for his seminal work in options pricing, capital markets, tax policies and the financial services industry. He is widely published in academic journals. He is co-originator of the Black-Scholes options pricing model, which is the basis of the pricing and risk-management technology that is used to value and manage the risk of options contained in instruments around the world. For this work, he was awarded the Alfred Nobel Memorial Prize in Economic Sciences in 1997.
He was the Frank E. Buck Professor of Finance at the Stanford University Graduate School of Business from 1983 to 1996, and a Senior Research Fellow at the Hoover Institution from 1987 to 1996. He received a Ph.D. in 1969 from the University of Chicago where he served as the Edward Eagle Brown Professor of Finance in the Graduate School of Business from 1974 to 1983 and where he was the Director of the Center for Research in Security Prices from 1976 to 1983. He was an Assistant and Associate Professor of Finance at Massachusetts Institute of Technology Sloan School of Management from 1969 to 1974.
Professor Scholes is a member of the Econometric Society and served as President of the American Finance Association in 1990. Professor Scholes has honorary doctorate degrees from the University of Paris, France, McMaster University, Canada, Louvain University, Belgium and Wilfred Laurier University, Canada.
Professor Scholes has consulted widely with many financial institutions, corporations and exchanges and continues to lecture for many organizations around the world. He was a principal and limited partner at Long-Term Capital Management, L.P., an investment management firm, from 1993 to 1998. From 1991 to 1993, he was a Managing Director at Salomon Brothers, a member of Salomon?s risk management committee, and as Co-Head of its Fixed Income Derivatives Sales and Trading Department was instrumental in building Salomon Swapco, its derivatives intermediation subsidiary, and in expanding its derivative sales and trading group. Professor Scholes is a past Director of the Chicago Mercantile Exchange, and a current director of Dimensional Fund Advisors and American Century (Mountain View) mutual funds.
Charles J. Pilliod Lecture Series
The Pilliod Lecture Series has continuously been presented since 1983, bringing distinguished business speakers to Kent State University each academic year. The lectures are made possible by The Goodyear Tire & Rubber Company's continuing financial support of the Office of the Goodyear Executive Professor.
The Lecture Series is named in recognition of Charles J. Pilliod, the retired Chairman of the Board and Chief Executive Officer of The Goodyear Tire & Rubber Company. During Mr. Pilliod's 42-year tenure at Goodyear, he was instrumental in the 1973 creation of the Goodyear Executive Professorship at Kent State University, in addition to many other educational initiatives. Following his Goodyear career, Mr. Pilliod served as the United States Ambassador to Mexico, from 1986 to 1989.
The Pilliod Lecture Series is under the direction of the Goodyear Executive Professor, Rosalind Thompson. The objective of the lecture series is to address topics of interest and importance to both the academic and business communities. The lectures are free and open to the public, presented on the campus of Kent State University.
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