STANFORD LAW SCHOOL GIFT

Stanford University received $10-million from Arthur Rock, a Silicon Valley venture capitalist, and his wife, Toni Rembe Rock, to set up a research center that will focus on corporate governance, reports The Wall Street Journal. The new institution at Stanford Law School will study issues such as executive pay, shareholder rights, and the state of the auditing industry. Mr. Rock, 79, said he donated the money because most academic corporate-governance programs are located on the East Coast.