Walter Scott, investment banker and former NU professor, dies

Walter Dill Scott capped off a career in investment banking, government service and corporate management by working for a quarter century as a clinical professor of strategy at Northwestern University’s Kellogg School of Management.

“He was a very self-reflective and an incredibly balanced guy and was incredibly successful and had what I call self-confidence, but at the same time had genuine humility,” said former Baxter International CEO Harry Kraemer, who also is a clinical professor at Kellogg and shared an office with Scott.

Scott, 86, died of complications from lymphoma on Feb. 8 at Evanston Hospital, said his son Gordon. Scott had been a Northfield resident from 1988 until November, when he moved to Evanston.

Born in Chicago, Scott was the grandson of his namesake, Walter Dill Scott, who was Northwestern University’s president from 1920 until 1939. Scott mostly grew up in Evanston, and he moved with his family to Winnetka, where he graduated from New Trier High School.

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