Trying to widen its applicant pool, the university will now allow B-school hopefuls to skip the GMAT for a less costly exam. On a move aimed at helping potential B-school students who cannot afford the application costs, the (Stanford Graduate School of Business) will allow full-time MBA applicants to submit scores from the GRE in place of scores from the GMAT, according to Stanford's Director of MBA Admissions Derrick Bolton.
http://www.businessweek.com/bschools/content/jun2006/bs20060626_0916_bs001.htm