Harvard Business Review
JUNE 3, 2011
The first CEO, let's call him Thrill-a-Minute Tom, has had a wild ride. Black-Scholes Valuation based on stock price at issue. Black-Scholes Valuation based on stock price at issue. Assume both took the reins on January 1, 2007 and are still there. Most public company CEOs could tell a similar tale. Option Model.
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.
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