, thanks largely to a 6% stake in Berkshire Hathaway Energy, the $21 billion subsidiary of Berkshire Hathaway. Scott sat on both companies’ boards.“It is with great sadness that we recognize the passing of our founder,” a foundation set up by the Omaha billionaire said in a statement. “We are blessed to have known and learned from Walter as we continue his philanthropic legacy.”Scott was born in 1931, the son of an engineer at the Omaha-based construction giant Kiewit Corporation.
He vied for high school sweethearts with classmate Warren Buffett and spent his summers working as a water boy on Kiewit job sites before joining the firm after getting an engineering degree from Colorado State in 1953. He took over as chief executive in 1979—after the death of Peter Kiewit Jr., the son of the company’s founder—and pushed Kiewit into telecom, fiber optics and power plants before retiring in 1998.
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