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๐Ÿ‘ค Walter Scott Jr.

๐Ÿ“ Description

Walter Scott Jr. was a Berkshire Hathaway director and a childhood friend of Warren Buffett. He was the Chairman of Level 3 Communications and a lead partner in the MidAmerican Energy deal.


๐Ÿ”— Connection to Berkshire

  • Board Member: Served as a long-standing director of Berkshire Hathaway.
  • The MidAmerican Catalyst: Scott was the individual who suggested the MidAmerican Energy investment to Buffett during a casual conversation at a conference in 1999.
  • Shared Omaha Roots: Like Buffett, Scott was an Omaha native and shared a deep mutual trust with the Berkshire management.

๐Ÿ’ก Key Mentions

  • 1999 Letter: Buffett notes that the deal for MidAmerican was essentially a partnership with Walter, whom he characterizes as a high-integrity leader who "backs up his convictions with real money."
  • 1999 Meeting: Mentioned in the context of and explaining the communications and utility industries to Buffett.

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๐Ÿ“š Historical Mentions & Citations (4)

Click a reference document below to expand and read the exact paragraph(s) containing this concept in the archive.

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1999 LetterReference Only
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Mentioned in this document.

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2004 MeetingExcerpt Available
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WARREN BUFFETT: Now, Iโ€™ll first introduce the Berkshire Hathaway directors that are present, in addition to myself and Charlie. Now, Iโ€™ll ask the directors to stand as their names are read and ask that you withhold applause, if any โ€” (laughter) โ€” until all are introduced. We have โ€” I donโ€™t know whether we have anybody here from CalPERS, but they can register their own views as we go along. (Laughter) And it is difficult to see from here, so if youโ€™ll just stand as I mention your name and remain standing until the end, when we will see whether you get any applause. Susan T. Buffett. Howard G. Buffett. Malcolm G. Chace. David S. Gottesman โ€” Sandy had a conflict today. Thereโ€™s a bat mitzvah, I believe, for a granddaughter, so heโ€™s coming in tomorrow for our directorโ€™s meeting on Monday. Charlotte Guyman. Donald R. Keough. Thomas S. Murphy. Ronald L. Olson, and Walter Scott Jr. And now you can go crazy. (Applause) WARREN BUFFETT: Mr. Forrest Krutter is secretary of Berkshire. He will make a written record of the proceedings. Miss Becki Amick has been appointed inspector of elections at the meeting. She will certify to the count of votes cast in the election for directors. The named proxy holders for this meeting are Walter Scott Jr. and Marc D. Hamburg. Does the secretary have a report of the number of Berkshire shares outstanding, entitled to vote, and represented at the meeting?
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2005 LetterReference Only
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Mentioned in this document.

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2006 LetterReference Only
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Mentioned in this document.