Acclaimed finance expert Robert C. Merton PhD ’70 has been named the recipient of MIT’s 2021-2022 James R. Killian Jr. Faculty Achievement Award, the highest honor the Institute faculty can confer upon one of its members. The Killian Award citation hails Merton, the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management, as “one of the founding architects of modern finance theory,” whose work has “become an integral part of the global financial system.” The citation also notes Merton’s “profound commitment to innovation through scientific…
