Walter Scott
Clinical Professor Emeritus of Strategy, Senior Austin Fellow at Kellogg School of Management
Biography
Kellogg School of Management
Walter Scott is Clinical Professor of Strategy at the Kellogg School of Management. He attended Williams College from 1949-1951 and received his B.S. degree in 1953 from Northwestern University. He received an M.S degree from the Columbia University School of Business in 1958 after three years in the Navy.
Professor Scott joined the Kellogg faculty in 1988 and has taught classes in leadership and board governance of for-profit and not-for-profit organizations. He was a founder of the Center for Executive Women and has been involved in a wide variety of other Kellogg activities. Prior to joining Kellogg, Professor Scott served as a Senior Partner of Lehman Brothers, Associate Director for Economics and Government in the U. S. Office of Management and Budget, Executive Vice President of The Pillsbury Company, President and CEO of IDS Financial Services (now Ameriprise), Chairman. and CEO of GrandMet USA (now Diageo). He has served on 15 corporate boards of directors and 20 nonprofit boards of directors.
Areas of Expertise
Corporate Governance
Crisis Management
Leadership
Nonprofit Governance
Nonprofit Management
Turnaround Management
Education MS, 1958, Columbia University
BS, 1953, Northwestern University
Academic Positions Professor of Management, Kellogg School of Management, Northwestern University, 1988-present
Senior Austin Fellow, Co-Founder, and Director, Kellogg School of Management, Center for Executive Women, 1988-present
Other Professional Experience Chairman and CEO, GrandMet USA, 1986-1988
President and CEO, IDS Financial Services (now Ameriprise), 1980-1984
Executive Vice President, The Pillsbury Company, 1975-1980
Associate Director for Economics and Government, U.S. Government, 1973-1975
Senior Partner, Director, Member of Executive Committee, Lehman Brothers, 1965-1973
General Partner and Member of Board of Directors, Glore, Forgan & Co., 1958-1965
Associate, Booz, Allen, and Hamilton, 1956-1958
Education Academic Positions Other Professional Experience
Read about executive education
Cases
Donnelly, Anne Cohn, Walter Scott, Kathy Shaw, Millie Gong, Lydia Morris and Michael Roark. 1996. The Whitney Clinic. Case 5-208-255 (KEL428).
This case describes a community-based healthcare clinic and the issues facing the management and board of directors. The issues raised are common problems faced by all types of nonprofit organizations: insufficient fundraising and marketing policies to guide board decision making, confusion over staff and board roles in decision making, poorly thought-out bylaws that contribute to the confusion over board and staff roles, the challenge of harnessing the diverse backgrounds and opinions of a community-based board of directors, and lack of sound financial planning.
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