Background
In 1932, Martin S. Ackerman was born to Rebecca Ackerman.
In 1932, Martin S. Ackerman was born to Rebecca Ackerman.
Raised in Rochester, New York, Ackerman then attended and graduated from Syracuse University.
Legal career He then move on to law at Rutgers Law School. With his law degree he in 1957 became a partner in the Cooper, Ostrin, De Varco & Ackerman firm based in New York City. They were mergers and acquisitions specialists.
Business career Perfect Film and Chemical Corporation was form in 1962 by Ackerman from parts of his first four acquisitions: United Whelan Corporation, Hudson National, Perfect Photos and Equality Plastics Incorporated.
Hudson was a mail-order firm and Equality Plastics Incorporated. was a consumer products distributor. Perfect Film sold off Whelan drugstores and the Pathe Films Laboratory
Ackerman"s Perfect Film loaned $5 million into Curtis Publishing Company in 1968 at the request of Curtis" primary loan holder, First National Bank of Boston to extend its loans. He was appointed president of Curtis.
Ackerman has Curtis sell for $7.3 million its Philadelphia headquarters to a real estate developer, John West. Merriam, and lease half the buildings back to pay off most of the First National loan.
In 1968, Curtis Publishing sold the Ladies" Home Journal, along with The American Home, to Downe Communications for $5.4 million in stock. With all these attempts to revive the Post and lack of a purchaser, Curtis Publishing shut down the Evening Post in 1969. With the union suing over an alleged diversion of $6 million in pension fund diversion to invest in Lin Broadcasting.
Foreign five weeks, he was president of Lin.
In 1969, Ackerman left Curtis and Perfect Film. By the mid-1970s, Ackerman moved to London.
There he practiced tax law, was publishing Arts Review magazine and established Eaton House Publishers. Ackerman also dabble in banking by helping form Republic National Bank on Fifth Avenue and owned for a time a Californian bank.
At the time of his death, Martin served on the boards of Zales, Non-Invasive Monitoring Systems, Adience and Calton Home Builders.
On June 14, 1993, Ackerman was named chairman, president and chief executive officer of Standard Brands Paint Company as part of the plan that brought the company out of Chapter 11 federal bankruptcy protection. Death Ackerman died at age 61 on August 1, 1993 at Mount Sinai Hospital, Manhattan, from acute sepsis, after an operation.