| Myron Scholes |
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He earned a Bachelor's Degree in Economics from McMaster University in Hamilton, Ontario in 1962 . At the University Of Chicago , he earned an MBA in 1964 and a Ph.D. in 1969 . He is currently a professor at Stanford University and has also been on the faculty at Princeton University and the MIT Sloan School Of Management . In 2005, Scholes was implicated in the case of Long-Term Capital Holdings v. United States, where he attempted to invest funds from his company, Long-Term Capital Holdings, in an illegal tax shelter in order to avoid having to pay taxes on profits from company investments. It was found that Scholes and his partners were not eligible for US$ 106 million in tax deductions they had claimed. Additionally, they were fined more than US$40 million by the IRS . SEE ALSO PERSONALITIES OF WALL STREET See '' List Of Personalities Associated With Wall Street ''. DOCUMENTARY PBS Nova - Trillion Dollar Bet (2000) EXTERNAL LINKS
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