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Deane Waldo Malott was born in Abilene, Kansas on 10 July 1898. He received a bachelor's degree from the University of Kansas in 1921, and a master's degree from the Harvard Business School in 1923. From 1923 to 1929 he was assistant dean of the Harvard Business School; from 1929 to 1933 he was vice president of the Hawaiian Pineapple Company; and from 1933 to 1939 he was an associate professor at the Harvard Business School. Malott was Chancellor of the University of Kansas from 1939 until 1951, when he became the sixth president of Cornell University, a position he held until 1963.