William Walker Scranton (April 4, 1844 – December 3, 1916) was an American businessman based in Scranton, Pennsylvania. He became president and manager of the Lackawanna Iron and Coal Company after his father's death in 1872. The company had been founded by his father's cousin George W. Scranton. Among his innovations, Scranton adopted the Bessemer process for his operations in 1876, greatly increasing production of steel ties with a new mill. Scranton founded the Scranton Steel Company, in 1891 consolidated as Lackawanna Iron and Steel Company. The steel company became the second largest in the nation. He later also managed the Scranton Gas and Water Company, developing a secure water supply outside the city by creating Lake Scranton.