Arthur L. Carter

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Arthur L. Carter
Born (1931-11-24) November 24, 1931 (age 86)
New York City
Nationality American
Education Brown University
Known for Investment banker, publisher, and artist
Spouse(s) Dixie Carter (m. 1967; div. 1977)

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


Born to a Jewish family,[1] Carter graduated from Brown University in 1953[2] with a degree in French literature.[3][4]

He worked for Lehman Brothers for a period of time, 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.[3]

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,[5] when no existing paper met his criteria.[3] In December 1985, he was able to buy a controlling stake in The Nation;[3] in 1987, he founded the weekly paper The New York Observer, which covered New York culture and politics.[6] In 1995, he sold The Nation,[7] in 2001, he sold the Litchfield County Times,[8] and he sold The Observer in 2006.[9]

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.[10]

Personal life[edit]

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, Ginna and Mary Dixie. They divorced ten years later,[11] he has twelve grandchildren.

He is also an accomplished artist: his paintings and sculptures have been exhibited in Tennessee, Rhode Island,[2] and Paris, among other places.