Edward W. Carter
| Edward W. Carter | |
|---|---|
| Born |
June 29, 1911 Cumberland, Maryland, United States |
| Died | April 1996 Bel Air, Los Angeles, California, United States |
| Cause of death | Pancreatic cancer |
| Alma mater | University of California, Los Angeles |
| Occupation | Businessman, philanthropist, art collector |
| Title |
|
Edward W. Carter (June 29, 1911 – April 1996) was an American businessman, philanthropist and art collector. He served as the President of Broadway Stores, Chair of the University of California Board of Regents, and owner of the Hannah Carter Japanese Garden.
Edward W. Carter was born on June 29, 1911 in Cumberland, Maryland. His father died when he was nine years old, and he moved to Los Angeles, California shortly after with his mother, Rose Price Carter, and sister, Ruth. He attended the Hollywood High School, and he worked through his school and college. He graduated from the University of California, Los Angeles (UCLA) and received a Master's in Business Administration from the Harvard Business School. After his M.B.A., he was offered to teach at Harvard, but he refused to focus on his business career.
In 1945, Carter served as an executive of Broadway Stores, later endowed with 150 stores and sales of $7.5 billion a year. After the Second World War, he opened new stores on American freeways to expand his customer base. In 1946, his Crenshaw Center on the outskirts of Los Angeles was one of the first shopping centers in the United States. He sold some stocks to Hale Brothers & Co. and by 1950 the two companies merged. Their stores included The Emporium, Neiman Marcus, Waldenbooks and Bergdorf Goodman. He served on the Boards of Directors of the Los Angeles Area Chamber of Commerce, the California Retailers Association, the Los Angeles branch of the Federal Reserve Bank of San Francisco, the Northrop Aircraft Corp. and the California Bank.
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