William C. Lazier was the Nancy and Charles Munger Professor of Business, Emeritus, at Stanford Law School. He graduated from Stanford in 1957 with a master's in business administration. Lazier returned there in 1982 to lecture at the Graduate School of Business, where he taught management of smaller companies and real estate for the next 11 years. He served on the boards of numerous corporations and organizations, including Diamond Rentals, American Security Products, Yes Reading, BUILD, Interplast, SCRMA, and the Stanford Bookstore. Lazier passed away in 2005 at the age of 73.