Margaret Carolyn Schott was an American baseball executive. Serving as managing general partner, president and CEO of Major League Baseball's Cincinnati Reds franchise from 1984 to 1999, she was the second woman to own a North American major-league team without inheriting it, after New York Mets founder Joan Whitney Payson.
She was banned from managing the team by MLB in 1993 due to racist comments and again from 1996 through 1998 for stating that Adolf Hitler was initially good for Germany. Shortly afterwards, she sold the majority of her share in the team.