Stuart Root has acquired a lot since graduating from Chagrin Falls High School in 1950. Known for his sense of humor and love of classical music, he was graduated from Ohio Wesleyan University in 1955 with a B.A. in Philosophy. After earning his law degree form Columbia Law School in 1960, he became actively involved in designing the legal structure for the largest real estate acquisition in Manhattan since Rockefeller Center. His client was the Bowery Savings Bank, one of the largest savings institutions in the world at that time. In 1968-69, he served as an advisor for the Ginny Mae program, and by 1970 became the legal architect for a new federal agency known as Freddie Mac (the Federal Home Loan Mortgage Corporation). The subsequent Fannie Mae program, along with Freddie Mac and Ginny Mae, are now approaching $1 trillion in total outstanding volume. Freddie Mac is widely regarded as the most profitable of all government enterprises, attributed, in large part, to Stuart’s work as outside counsel during its formative years (1970-75). From 1981 through 1983, he was President and Vice Chairman of the Bowery Savings Bank in New York City. He as the Executive Director of the Federal Savings and Loan Insurance Corporation from 1987-89. Remaining true to some of his earliest passions, he is Chairman of the Board for the Harlem School of Arts.
EDMUND M. KAGY
It was almost as if Ed Kagy’s life was by design. Senior Class President and quarterback of Chagrin Falls High School’s 1947 undefeated, untied football team, his yearbook class prophecy read, “will someday own his own advertising agency.” Currently vice chairman and senior partner in Liggett-Stashower, Ed is a 40-year veteran of graphic design. He has won numerous awards including Best of Show from the Art Directors Club of Cleveland and two Best of Cleveland Advertising Awards from the Cleveland Advertising Club. He was a founder of the Cleveland Society of Communicating Arts. Prior to starting his commercial art career at Fawn Art Studio in 1952, Ed was a staff sergeant in the United States Army. He served in Thule, Greenland during the Korean War. In 1957, he joined Lang, Fisher and Strashower as assistant art director. He became principal owner in 1967. Today, Liggett-Stashower is a $70 million agency, employing 140 people. Ed has generously served his hometown as a member of many civic organizations and as speaker at many community functions. He designed and produced “This Is Your Life” brochures honoring several Chagrin Falls citizens. For 15 years, he and his wife, Bobbie, have hosted American Field Service students.