Here some info a year old though. Looks like Mr. Walter Scott sold out and is now retired. So if the company owns the plane, does he still get to use it? Or is it his outright?
Walter Scott has left the Edinburgh-based investment management company
Ian Fraser and John Penman
Walter Scott has quit the investment management company he founded in 1983 just two years after selling it for £400m. Scott, a former nuclear physicist who was famed for wearing a kilt at business meetings, sold Edinburgh-based Walter Scott & Partners to US-based Mellon Financial Corporation in 2006. He handed over the chairmanship to Kenneth Lyall last year but his departure has only just emerged. Scott said last week: “I had reached the age of 60 and thought it was time for Ken to have a crack [at being the chairman].” Lyall worked at Arthur Andersen before joining Walter Scott & Partners 25 years ago. Walter Scott & Partners, has $33 billion (£16.6 billion) under management. Scott, 61, now divides his time between homes on the Côte d’Azur and in Henley-on-Thames. He said that having run Walter Scott & Partners, which has his family crest as its logo, “almost as a family company” for 25 years, he recognised the approach was not compatible with ownership by a large multinational corporation. However, he said he had no regrets about selling the company to Mellon. Scott received dividend payments of £17.9m as a 70%-owner of the business in the nine months to December 2006, on top of a £3.2m remuneration package (assuming that he was its highest paid director). He is understood to have grossed between £280m and £300m from the sale. Scott, whose personal wealth was estimated at £180m on the most recent Sunday Times Rich List, said he now intends to focus on philanthropic activities.
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