[1] During his time at West Point, he played for the Army Black Knights football team as a fullback blocking for Pete Dawkins.
[1] Following his army service, Walters joined Kimberly-Clark, first in Neenah, Wisconsin, and then in New York City.
[1] He left Kimberly-Clark in 1975 to become executive vice president of the Standard Paper Manufacturing Company in Richmond, Virginia.
[1] In May 1981, President of the United States Ronald Reagan nominated Walters to be Assistant Secretary of the Army (Manpower and Reserve Affairs).
In 1986, Walters became CEO of the Great Lakes Carbon Corporation, holding that position until 1993.