David Walters

David Lee Walters (born November 20, 1951) is an American businessman and politician who served as the 24th governor of Oklahoma from 1991 to 1995.

Born in Canute, Oklahoma, Walters was a project manager for Governor David Boren and the youngest executive officer working for the University of Oklahoma Health Sciences Center.

He also worked in commercial real estate.

As governor, he increased education funding, but his term was marred by controversies that ended with him pleading guilty to a misdemeanor election violation.

Walters was born near Canute, Oklahoma, and graduated as valedictorian from Canute High School in 1969.

He earned a bachelor's degree in industrial engineering from the University of Oklahoma in 1973 and a master's degree in business administration from Harvard University in 1977.

He worked as the project manager for Governor David Boren and as the assistant and associate provost of the University of Oklahoma Health Sciences Center.

At the age of 29, he was the youngest executive officer in the university’s history.

In 1982, he joined The Burks Group, a commercial real estate company.

He was appointed co-chairman of the governor's 100-member Reform Commission in 1984 and became the president of American Fidelity Property Company in 1985.

In 1986, Walters was the Democratic nominee for governor of Oklahoma, but was defeated by Republican Henry L. Bellmon, who returned to the governorship after completing his first term 20 years earlier.

On November 6, 1990 Walters was elected governor, carrying 75 of the state’s 77 counties.

During his term education funding increased by approximately 30 percent and a $350 million bond issue for higher education brought construction and renovation to every state college campus.

Walters planned on making the Blue Room, a large ceremonial hall in the State Capitol, into his office.

While in office he was accused of election violations in that he conspired to hide $18,000 dollars in campaign donations by attributing them to someone else.

At the end of procedures, Governor Walters asked prosecutors what they wanted to end the rather lengthy process.

An agreement was reached that the governor would plead guilty to a misdemeanor offense and pay a fine, in return for which his record would be expunged in twelve months.

Though Walters claimed his innocence of the charges, he said it was in the best interest of the state and his family to accept the plea agreement.

Twelve months later the charge was expunged from his record.

He did not run for re-election in 1994, citing the pressure and negative publicity of political office, which he partly blamed for the suicide of his son in 1991.

He did not seek re-election and was defeated in a 2002 campaign for the United States Senate.

He is the CEO of Walters Power International, a global provider of local power.

In 2002, Walters was the unsuccessful Democratic nominee for the United States Senate, losing to incumbent Jim Inhofe.