Age, Biography and Wiki

Joseph Grundfest was born on 8 September, 1951 in New York City, is an American academic. Discover Joseph Grundfest's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 72 years old?

Popular As N/A
Occupation N/A
Age 72 years old
Zodiac Sign Virgo
Born 8 September 1951
Birthday 8 September
Birthplace New York City
Nationality United States

We recommend you to check the complete list of Famous People born on 8 September. He is a member of famous with the age 72 years old group.

Joseph Grundfest Height, Weight & Measurements

At 72 years old, Joseph Grundfest height not available right now. We will update Joseph Grundfest's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Joseph Grundfest Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Joseph Grundfest worth at the age of 72 years old? Joseph Grundfest’s income source is mostly from being a successful . He is from United States. We have estimated Joseph Grundfest's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
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Timeline

1951

Joseph Grundfest (born 1951) is an American academic.

He is the William A. Franke Professor of Law and Business at Stanford Law School and co-director of the Rock Center on Corporate Governance at Stanford University.

Grundfest was born in New York City on October 8, 1951.

1969

He graduated from Stuyvesant High School in 1969, and holds a bachelor's degree in economics from Yale University (1973) and completed the M.Sc.

1972

program in mathematical economics and econometrics at the London School of Economics (1972).

1978

His J.D. degree is from Stanford (1978) where he also completed all requirements for a doctorate in economics but for the dissertation (1978).

Grundfest is founder and director of Directors’ College at Stanford Law School, and principal investigator for Stanford Law School’s Securities Class Action Clearinghouse.

He has served on the New York Stock Exchange’s Legal Advisory Board, on the NASDAQ Legal Advisory Committee, on a rules committee of the United States District Court for the Northern District of California, and has been elected to membership in the American Law Institute.

Grundfest has been selected as a National Fellow by the Hoover Institution, has been awarded a John M. Olin Faculty Fellowship, and is an Adjunct Scholar of the American Enterprise Institute.

Grundfest is admitted to practice in California and in the District of Columbia.

1990

He joined Stanford's faculty in 1990 after having served for more than four years as a Commissioner of the United States Securities and Exchange Commission, a position to which he was appointed by President Ronald Reagan.

Grundfest’s scholarship in the areas of corporate law, securities regulation, and litigation has been published in the Harvard, Yale, and Stanford Law Reviews.

The National Law Journal lists Grundfest as among the nation’s 100 most influential attorneys, and California Lawyer has listed Grundfest as among the top 10 lawyers in California.

Prior to joining the SEC, Grundfest served as counsel and senior economist for legal and regulatory matters at the President’s Council of Economic Advisors.

An attorney and economist, Grundfest has also practiced law with Wilmer, Cutler & Pickering, and has served as an economist with the Brookings Institution and the Rand Corporation.

1996

In 1996, Grundfest co-founded Financial Engines (NASDAQ: FNGN) with Stanford Professor William F. Sharpe and Silicon Valley lawyer Craig W. Johnson.

Today, Financial Engines has over 200 employees and is the leader in automated retirement plan investment advice and management, with more than $200 Billion in managed retirement accounts, providing advice and managed account services to employees in over 1000 major corporations.

2003

He was a member of the Special Litigation Committee in the 2003 case In Re Oracle Corp. Derivative Litigation, 824 A.2d 917.

Grundfest's independence, as a member of the Special Litigation Committee, was particularly scrutinized by the Delaware Chancery Court because of Oracle's ties to Grundfest's alma mater and employer, Stanford University.

824 A.2d 917, 946.

2010

In 2010 Grundfest filed an affidavit with the US District Court in SEC v. Bank of America Corporation (No. 1-09-cv-06829), complaint under cause of action of Securities Fraud.

At the onset of the litigation SEC and Bank of America Corporation filed with the Court a proposed settlement for $33 million.

Grundfest's affidavit supported the Settlement Agreement then before the Court, which was eventually rejected.

2018

In March, 2018, Financial Engines was acquired for $3 Billion in cash

Grundfest has twice received the John Bingham Hurlbut Award for Excellence in Teaching as well as the Associated Students of Stanford University award as the best professor at the Stanford Law, Business, and Medical Schools.

Grundfest is chairman of the board nominating committee of the NASDAQ Stock Market, and was formerly a director of Oracle Corporation.

However, the Delaware Court of Chancery ruled in December 2018 that FFPs were ineffective under Delaware ruling in Sciabacucchi v Salzberg.

Defendants filed appeal with the Delaware Supreme court, supported by Grundfest's detailed paper, and were successful.

2019

In September 2019, Grundfest put forth a solution to deal with the impact of Cyan, Inc. v. Beaver County Employees Retirement Fund which ruled that plaintiffs could bring Section 11 suits in state courts and not just in federal courts, in which he suggested that companies could add federal forum provisions (FFPs) to their charter documents to the effect that plaintiffs could only bring Section 11 Suits in federal court.