ITQM (International Academy of Information Technology and Quantitative Management) announced the winner of 2014 Jr. Walter Scott Walter Award in Moscow on June 3. Executive Dean of School of Management, UCAS, Prof. Wang Shouyang became the winner of the award. He won the award because of his outstanding achievements in the field of information technology and quantitative management.
Jr. Walter Scott is one of the pioneers in the field of international information technology, and a big shot in the field of financial investment. He was very concerned about and supportive of the research and development of information technology and quantitative management, and decided to set up Jr. Walter Scott Award in 2013, to reward those who have made great contributions in this field.
Bio of Jr. Walter Scott
Walter Scott, Jr. (born 1931 in Omaha, USA) is an American civil engineer, philanthropist, and former CEO of Peter Kiewit Sons' Incorporated. Scott was the 1997 recipient of the Horatio Alger Award. He sits on the Board of Berkshire Hathaway, and is a childhood friend of Warren Buffett. He became an Eagle Scout in 1946 and is a recipient of the Distinguished Eagle Scout Award. He graduated from Colorado State University in 1953 with a bachelor’s degree in civil engineering.
Scott serves on the board of directors of Berkshire Hathaway, Burlington Resources, Commonwealth Telephone Enterprises, Level 3 Communications Inc., MidAmerican Energy Holdings, RCN Corporation, Valmont Industries, and Peter Kiewit Sons' Inc.
Scott was first elected to the Peter Kiewit Sons' Incorporated board in 1964. In 1979, he was elected president. When Peter Kiewit died later that same year, Scott was selected to succeed him as chairman.
Scott is currently chairman of Level 3 Communications. The corporation is one of the firms created by the 1998 separation of the two operating divisions of Peter Kiewit Sons' Inc. Since the split-off, Scott now serves as Chairman Emeritus of Peter Kiewit Sons', Inc. With his wife, Suzanne, he founded the public, non-profit Suzanne and Walter Scott Foundation which has funded the Scott Atrium & Education Center at University of Nebraska Medical Center, the Scott Technology Center in Omaha, and The Summit: Bechtel Family National Scout Reserve. In 1996 Scott acquired the original sales document of the Louisiana Purchase for his private collection.
From its beginning, Level 3 Communications was founded on the principles of the Silicon Economicssm cycle: create a global telecommunications network with the scale to reduce unit costs, stimulate demand with these lower costs, support that demand by scaling even more. Level 3 created a network that serves as a foundation for the communications services of the 21st century by providing, among other things, information transmission over a fiber optic network and media delivery over a content delivery network. And we've grown to support the end-to-end communications services that businesses and carriers rely on. Level 3 was originally founded in 1985 as Kiewit Diversified Group Inc. (KDG), a wholly-owned subsidiary of Peter Kiewit Sons', Inc. (PKS). Peter Kiewit Sons', Inc. is a 114-year-old construction, mining, information services and communications company headquartered in Omaha, Neb. KDG was originally created to hold PKS' non-construction business assets. In early 1998, KDG announced it was changing its name to Level 3 Communications, Inc., after substantially increasing the emphasis it placed on and the resources devoted to its communications and information services business. On April 1, 1998, Level 3 common stock started trading on the NASDAQ Stock Market under the symbol LVLT. During 1998, Level 3 raised $14 billion and was called the "best funded start-up in history." The company constructed 19,600 route miles, and built the world's first continuously upgradeable network fully optimized for internet protocol (IP). Over the next few years, explosive demand for bandwidth fueled growth in sales. By the end of 2000, Level 3 provided service to 2,700 customers.
In the fall of 2011, Level 3 and Global Crossing joined forces. The new integrated network united Level 3’s broad, deep U.S. and European footprint with Global Crossing’s extensive international, intercity network. Continuing to operate under the name of Level 3, this new kind of company featured more than 450 core network markets in North America, EMEA, Latin America and Asia, as well as a total of ~100,000 route miles.