한국   대만   중국   일본 
Steve Madden - Wikipedia Jump to content

Steve Madden

From Wikipedia, the free encyclopedia

This article is about the designer and businessman. For the footwear company, see Steve Madden (company) .
Steve Madden
Born
Steven Madden

( 1958-03-23 ) March 23, 1958 (age 66)
Queens, New York , U.S.
Occupations
Label Steve Madden
Spouse
Wendy Ballew
​
​
( m.  2005; div.  2015) ​
Children 3

Steven Madden (born March 23, 1958) [1] is an American fashion designer and businessman . He is the founder and former chief executive officer of Steve Madden, Ltd. , a publicly traded company . He was forced to resign as an executive following a conviction for financial crimes.

Life and career [ edit ]

Madden was born in Far Rockaway, Queens , the son of a Jewish mother and an Irish Catholic father. [2] He grew up in adjoining Lawrence and graduated from the local high school [3] [4] in Nassau County, New York . [5] After high school, Madden studied at the University of Miami for two years before returning to Long Island. The youngest of three brothers, he started Steven Madden, Ltd. with $1,100 in 1990 by selling shoes out of the trunk of his car. [1] [6]

Criminal conviction [ edit ]

Madden's financial affairs were closely entangled with Long Island " pump and dump " brokerage house Stratton Oakmont , cofounded by Madden's childhood friend Danny Porush , who first lent him money to expand his fledgling company, and then underwrote its initial public offering .

In June 2000, a class action lawsuit was filed against Madden for issuing materially false and misleading statements during the Class Period. [7] A settlement of $9 million was reached in 2004. [8] In 2001, the SEC filed charges against Madden in Federal Court in New York state, alleging SEC violations. [9] Because the violations were not criminal in nature, the SEC was seeking to recover $1,637,000 in a combination of illegally avoided losses, interest, and a civil penalty.

In 2002, Madden was convicted of stock manipulation , money laundering, and securities fraud . He was sentenced to 41 months in prison, and was made to resign as CEO from Steven Madden, Ltd. and from the board of directors. [10] Shortly after resigning as CEO, Madden set himself up as a creative consultant with Steven Madden, Ltd., a position for which he drew $700,000 annually even when he was in prison. [10]

Madden served time in the Federal Prison Camp, Eglin , at Eglin Air Force Base , and later the Coleman Federal Correctional Complex , near Ocala, Florida . Madden was released from prison in April 2005. [11] He then attended a New York City halfway house . [12] Madden's attorney, Joel Winograd, said that Madden would stay at the house for 60 days. [13] After his release from a halfway house, he was restricted to home confinement for a period. [14]

Post-release [ edit ]

Since Madden was released from prison in 2005, the company quickly rebounded, increasing revenue by nearly $100 million in 2006 to $475.1 million. [15] That same year, Steven Madden, Ltd. was named 'Company of the Year' for the second time at the Footwear News Achievement Awards. [16]

With Madden currently serving as the founder and design chief, the company continues to show growth year-over-year reporting $1.9 billion in revenue for FY2021. [17]

Madden contributed to The Doe Fund , a charity devoted to working on the causes of homelessness, addiction, and criminal recidivism. [18]

In popular culture [ edit ]

Steve Madden (played by Jake Hoffman ) is featured in Martin Scorsese 's film The Wolf of Wall Street , which is based on Jordan Belfort 's memoir of the same name. In the film, Madden is seen visiting Stratton Oakmont, where Belfort gives the brokers a rousing pep talk about pushing Madden's stock. [19]

Personal life [ edit ]

Madden admits to having abused alcohol and various drugs, and later attended court-ordered rehabilitation. [20]

Madden married Wendy Ballew, his former director of operations, in 2005 after he was released from prison. The couple have three children, twins Jack and Stevie Madden, [21] and Goldie Ryan Madden. [22] The couple divorced in 2015.

Awards and honors [ edit ]

  • Footwear News Achievement Award Hall of Fame (December 2019) [16]
  • Footwear News Reader's Choice: Person of the Year Award (December 2011) [23]
  • NASDAQ Honors Steve Madden & 20 Year Anniversary (June 2010) [24]
  • Two Ten Foundation Honors Steve Madden (June 2010) [25]

References [ edit ]

  1. ^ a b "Steve Madden | Biography & Facts" . Britannica . January 2024.
  2. ^ Berkman, Johanna (February 26, 2001). "Steve Madden: Crisis of the Sole" . New York . Retrieved January 11, 2015 .
  3. ^ "Steve Madden: Crisis of the Sole" . NYMag.com . February 26, 2001.
  4. ^ Lawrence a Winner in NBC Smash Contest Designer Steve Madden also set to match prize. "Lawrence High School will see an infusion of $6,000 to get its Sandy-damaged auditorium in top shape after the school was named one of five grand prize winners in NBC Smash's "Make a Musical" contest, which will be matched by alumnus and fashion designer Steve Madden."
  5. ^ Weisman, Aly (January 14, 2014). "Steve Madden Thought His 'Wolf Of Wall Street' Portrayal Was 'Too Nerdy' " . Business Insider . Retrieved January 11, 2015 .
  6. ^ Dominguez, Robert (October 19, 2006). "Bringing It Back Home. Steve Madden's new ad campaign focuses on his fashion center - Queens" . Daily News . Retrieved January 11, 2015 . He grew up in Lawrence, L.I., where he worked in shoe stores from his high-school days until he started his own business in 1990, at 33, with an investment of just $1,100.
  7. ^ "Class Action Against Steve Madden" . Archived from the original on October 29, 2013.
  8. ^ "Steven Madden, Ltd. case" . Archived from the original on October 29, 2013 . Retrieved August 3, 2013 .
  9. ^ "Steve Madden: Litigation Release No. 17015 / May 23, 2001" . sec.gov .
  10. ^ a b Walker, Rob (April 10, 2002). "Genius of Capitalism: Steve Madden" . Slate . Retrieved October 28, 2010 .
  11. ^ Setoodeh, Ramin. "Back on His Feet Again." Newsweek . 2007. 1 . Retrieved on January 10, 2010.
  12. ^ "Madden Back in NYC After Prison Release" . footwearnews.com. April 25, 2005 . Retrieved January 10, 2010 .
  13. ^ " Steve Madden released from federal prison. " Newsday . April 16, 2005. Retrieved on January 10, 2010.
  14. ^ Bonawitz, Amy. " Passages ." People . June 27, 2005. Volume 63, No. 25. Retrieved on January 10, 2010.
  15. ^ Ramin, Setoodeh (July 15, 2007). "How Prison Made Steve Madden a Better Man" . Newsweek . Retrieved August 22, 2019 .
  16. ^ a b Abel, Katie (October 26, 2020). "The Ultimate Shoe Celebration: FNAA Winners From 1986 to 2019" . Footwear News . Archived from the original on November 10, 2021 . Retrieved June 27, 2022 .
  17. ^ "Steve Madden Announces Fourth Quarter and Full Year 2021 Results" . GlobeNewswire (Press release). February 24, 2022. Archived from the original on June 7, 2022 . Retrieved June 25, 2022 .
  18. ^ Allen, Brianna (December 11, 2017). "Ex-Con Shoe Designer Steve Madden Makes It A Point To Employ His Jailmates" . BET . Retrieved June 27, 2022 .
  19. ^ "Steve Madden Thought His 'Wolf Of Wall Street' Portrayal Was 'Too Nerdy' " . Business Insider . January 14, 2014.
  20. ^ Holson, Laura M. (February 13, 2013). "Steve Madden Is Back" . The New York Times – via NYTimes.com.
  21. ^ Triggs, Charlotte (October 4, 2007). "Steve Madden, Wife Welcome Twins" . People . Retrieved January 11, 2015 .
  22. ^ Leon, Anya (March 13, 2013). "Steve Madden Welcomes Daughter Goldie Ryan" . People . Retrieved January 11, 2015 .
  23. ^ Bell, Jennie (December 19, 2011). "Readers' Choice: Best & Worst of 2011" . Footwear News . Archived from the original on May 2, 2016 . Retrieved June 25, 2022 .
  24. ^ The NASDAQ OMX Group, Inc. (June 14, 2010). "UPDATE -- Steven Madden, Ltd. (SHOO) Chief Executive Officer to Ring the NASDAQ Stock Market Closing Bell" . GlobeNewswire News Room (Press release).
  25. ^ "YPfor210 Christmas in June Honoring Steve Madden" . Two Ten Footwear Foundation. Archived from the original on December 31, 2013 . Retrieved June 6, 2015 .
Retrieved from " https://en.wikipedia.org/w/index.php?title=Steve_Madden&oldid=1220826170 "