Arthur L. Carter
Encyclopedia
Arthur L. Carter is an investment banker, publisher, and artist.
He graduated from Brown University
in 1953 with a degree in French literature
.
He worked for Lehman Brothers
for a while, but after taking a break to study at Dartmouth
's Tuck School of Business
, he started Carter, Berlind, & Weill
in 1960, which eventually grew into Shearson Loeb Rhoades, later merging with Lehman to form Shearson Lehman Brothers.
After ten years, he sold his stake in Carter Berlind and tried his hand at several other businesses. Eventually, deciding that he wanted to run a newspaper, he started the Litchfield County Times, when no existing paper met his criteria. In December 1985, he was able to buy a controlling stake in The Nation
. In 1987, he founded the weekly paper The New York Observer, which covered New York culture and politics. In 1995, he sold The Nation, in 2001, he sold the Litchfield County Times, and he sold The Observer in 2006.
In 2008, New York University
renamed its journalism department the Arthur L. Carter Journalism Institute. Carter had previously taught at NYU as an adjunct professor of philosophy and journalism.
He has three children Jon Carter, Whendy Carter and Ellen Carter from his first marriage to Linda Schweitzer. In 1967, he married Dixie Carter
, and they eventually had two daughters. They divorced ten years later.
He is also an accomplished artist: his paintings and sculptures have been exhibited in Tennessee, Rhode Island, and Paris, among other places.
He graduated from Brown University
Brown University
Brown University is a private, Ivy League university located in Providence, Rhode Island, United States. Founded in 1764 prior to American independence from the British Empire as the College in the English Colony of Rhode Island and Providence Plantations early in the reign of King George III ,...
in 1953 with a degree in French literature
French literature
French literature is, generally speaking, literature written in the French language, particularly by citizens of France; it may also refer to literature written by people living in France who speak traditional languages of France other than French. Literature written in French language, by citizens...
.
He worked for Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
for a while, but after taking a break to study at Dartmouth
Dartmouth College
Dartmouth College is a private, Ivy League university in Hanover, New Hampshire, United States. The institution comprises a liberal arts college, Dartmouth Medical School, Thayer School of Engineering, and the Tuck School of Business, as well as 19 graduate programs in the arts and sciences...
's Tuck School of Business
Tuck School of Business
The Amos Tuck School of Business Administration is the graduate business school of Dartmouth College in Hanover, New Hampshire, in the United States...
, he started Carter, Berlind, & Weill
Cogan, Berlind, Weill & Levitt
Cogan, Berlind, Weill & Levitt, originally Carter, Berlind, Potoma & Weill, was an American investment banking and brokerage firm founded in 1960 and acquired by American Express in 1981. In its two decades as an independent firm, Cogan, Berlind, Weill & Levitt served as a vehicle for the rollup...
in 1960, which eventually grew into Shearson Loeb Rhoades, later merging with Lehman to form Shearson Lehman Brothers.
After ten years, he sold his stake in Carter Berlind and tried his hand at several other businesses. Eventually, deciding that he wanted to run a newspaper, he started the Litchfield County Times, when no existing paper met his criteria. In December 1985, he was able to buy a controlling stake in The Nation
The Nation
The Nation is the oldest continuously published weekly magazine in the United States. The periodical, devoted to politics and culture, is self-described as "the flagship of the left." Founded on July 6, 1865, It is published by The Nation Company, L.P., at 33 Irving Place, New York City.The Nation...
. In 1987, he founded the weekly paper The New York Observer, which covered New York culture and politics. In 1995, he sold The Nation, in 2001, he sold the Litchfield County Times, and he sold The Observer in 2006.
In 2008, New York University
New York University
New York University is a private, nonsectarian research university based in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan...
renamed its journalism department the Arthur L. Carter Journalism Institute. Carter had previously taught at NYU as an adjunct professor of philosophy and journalism.
He has three children Jon Carter, Whendy Carter and Ellen Carter from his first marriage to Linda Schweitzer. In 1967, he married Dixie Carter
Dixie Carter
Dixie Virginia Carter was an American film, television and stage actress, best known for her role as Julia Sugarbaker in the CBS sitcom Designing Women...
, and they eventually had two daughters. They divorced ten years later.
He is also an accomplished artist: his paintings and sculptures have been exhibited in Tennessee, Rhode Island, and Paris, among other places.