Walter William Head

Walter William Head (December 18, 1877 – May 3, 1954) was an American banker and insurance executive. He was president and founder of the General American Life Insurance Company, now a part of MetLife, and president of the American Bankers Association. Head also served as national president of the Boy Scouts of America for nearly twenty years, from 1926 to 1946.

Early life Walter William Head was born December 18, 1877, on a farm near Adrian, Illinois. He was the first of five children born to Alfred Walter Head and Margaret Jane Lambert. The New York Times said that Head "was deeply influenced by his mother, a devout woman who imbued him with a warm, human philosophy of life". At age 8, he moved with his family to a rural area of DeKalb County, Missouri, where he attended public schools. After graduating from Northwest Missouri State Teachers College (Maryville), Head began teaching in a one-room schoolhouse and, at age 24, was named school principal in the town of De Kalb, Missouri. At the time, Morris Plan was the largest industrial banking system in the U.S., with $200 million in annual business and 800,000 customers.

Insurance Head left banking in 1933, when he became the first president of Great American Life Insurance Company in St. Louis, Missouri. The new company was formed by Equity Corporation, controlled by David Milton (son-in-law of John D. Rockefeller Jr.). Equity had acquired the business of Missouri State Life in bankruptcy court in September, 1933, following Missouri State Life's collapse during the Great Depression. Milton recruited Head to be the founder and first president of General American Life and take over Missouri State Life's business.

Civic Walter W. Head at the White House with U.S. President Franklin D. Roosevelt and Chief Scout Executive James E. West announcing the first national Scout jamboree Head was appointed by Nebraska Governor Samuel R. McKelvie in 1920 to the Nebraska Capitol Commission, which was responsible for the construction of the new Nebraska State Capitol building.

Head served as fourth and sixth national president of the Boy Scouts of America. His first term was from 1926 to 1931. His successor, Mortimer L. Schiff died after one month in office; Head then served from 1931 to 1946. During his presidency, the Boy Scouts of America (BSA) held its first national Scout jamboree in Washington, D. C. Head joined U.S. Pres. Franklin D. Roosevelt and BSA Chief Scout Executive James E. West in a radio address to the nation from the Oval Office announcing the event in 1937.

Death A year after the death of his wife (the former Della Thompson) in 1951, Head entered a nursing home due to Parkinson's disease and arteriosclerosis. He died of pneumonia at Stamford Hospital in Stamford, Connecticut, on May 3, 1954, and was survived by one daughter.