Allen & Company
| Type | Private |
|---|---|
| Industry | Banking |
| Founded | 1922 |
| Founder(s) | Charles Robert Allen, Jr. |
| Headquarters | New York City |
| Area served | United States |
| Key people | Herbert Allen, Jr. (President, CEO, Managing Director)[1] |
| Products | Investment banking |
| Employees | 170 (2010) |
Allen & Company is a boutique investment bank based at 711 Fifth Avenue, New York City[1].
Contents |
[edit] History
Founded in 1922 by Charles Robert Allen, Jr., he was soon joined by his brothers, Herbert A. Allen, Sr and Harold Allen. Today, the firm is generally regarded as the premier investment house in the media and entertainment sector despite having only a small staff (estimated at 170 employees).[2]
Allen & Company, which is currently run by Herb Allen, nephew of the founder, generally shies away from publicity and does not maintain a website or issue press releases.
In 1973, Allen & Company bought a stake in Columbia Pictures. When the business was sold in 1982 to Coca-Cola, they netted a significant profit. Since then, Herbert Allen, Jr. has had a place on Coke's board of directors.
Since its founding in 1982, the Allen & Company Sun Valley Conference regularly draws such heavyweights as Bill Gates, Warren Buffett, Rupert Murdoch, Barry Diller, Michael Eisner, Oprah Winfrey, Robert Johnson, Andy Grove, Richard Parsons, Donald Keough, and many others. Excite quotes a "media mogul": "Deals just don't get done in Hollywood unless Allen & Co. has a hand in it."[3]
Allen & Co. was one of the underwriters for the Google initial public offering, and have been retained to assist the ownership of the New York Mets in obtaining a strategic partner. [4]
[edit] Notable current employees
- Nancy Peretsman Formerly of Salomon Brothers, Director of Priceline
- Donald Keough former Coca-Cola President
- George Tenet Former Director of the CIA [5]
- Steve Greenberg, son of baseball Hall of Famer Hank Greenberg[6]
- Bill Bradley Former United States Senator and Basketball Hall of Famer
[edit] See also
[edit] References
- ^ a b "Allen & Co. SEC filing SC 13G/A". Edgar Online. http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=240068&SessionID=2_QaWex104_TX47. Retrieved January 27, 2011.
- ^ Loomis, Carol J. (2004-06-28). "Inside the Private World of Allen & Co. Putting a premium on personal ties, this family firm thrives in the land of the giants.". CNN. http://money.cnn.com/magazines/fortune/fortune_archive/2004/06/28/374371/index.htm. Retrieved 2008-04-23.
- ^ Allen's house of dreams
- ^ Statement from Fred Wilpon and Jeff Wilpon regarding the New York Mets
- ^ Waterman, Shaun (2008-02-18). "Tenet gets job at secretive N.Y. bank". UPI.com. http://www.upi.com/Emerging_Threats/2008/02/18/Tenet_gets_job_at_secretive_NY_bank/UPI-64181203344822/. Retrieved 2008-12-27.
- ^ Whitford, David (May 25, 2010). "The king of the sports deal". Fortune. http://money.cnn.com/2010/05/10/news/companies/greenberg_sports_deal_king.fortune/. Retrieved 2010-06-02.
