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Arthur L. Carter (born December 24, 1931) is an American investment banker, publisher, and artist.


Biography

Born to a Jewish family, Carter graduated from
Brown University Brown University is a private research university in Providence, Rhode Island. Brown is the seventh-oldest institution of higher education in the United States, founded in 1764 as the College in the English Colony of Rhode Island and Provide ...
in 1953 with a degree in French literature. He served in the Coast Guard from 1953 to 1956 He worked for Lehman Brothers for a period of time, but after taking a break to study at Dartmouth's
Tuck School of Business The Tuck School of Business (also known as Tuck, and formally known as the Amos Tuck School of Administration and Finance) is the graduate business school of Dartmouth College, a private research university in Hanover, New Hampshire. Founde ...
, he started Carter, Berlind, & Weill in 1960, which eventually grew into
Shearson Loeb Rhoades Shearson was the name of a series of investment banking and retail brokerage firms from 1902 until 1994, named for Edward ShearsonShearson 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.


Personal life

He has three children: Jon Carter, Whendy Carter and Ellen Carter from his first marriage to Linda Schweitzer. In 1967, he married actress
Dixie Carter Dixie Virginia Carter (May 25, 1939 – April 10, 2010) was an American actress. She starred as Julia Sugarbaker on the sitcom ''Designing Women'' (1986–1993) and as Randi King on the drama series ''Family Law'' (1999–2002). She was nomin ...
, with whom he had two daughters, Ginna and Mary Dixie. They divorced 10 years later. He has been married to Dr. Linda Carter since 1980. His stepdaughter is actress Ali Marsh, whose husband is actor
Fred Weller Frederick Weller (born April 18, 1966) is an American actor known for portraying Johnny Sandowski on ''Missing Persons,'' Shane Mungitt in '' Take Me Out'' and Marshall Mann on ''In Plain Sight''. Early life Weller was born in New Orleans, Lou ...
. He has 12 grandchildren. He is also an artist: his paintings and sculptures have been exhibited in Tennessee, Rhode Island, and Paris, among other places.


References

1931 births Living people American investors American bankers 20th-century American Jews The Nation (U.S. magazine) people Brown University alumni Tuck School of Business alumni Lehman Brothers people The New York Observer people New York University faculty Businesspeople from New York City 20th-century American newspaper founders 20th-century American businesspeople 21st-century American Jews {{US-business-bio-1930s-stub