Allen & Company
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Allen & Company is a boutique investment bank based in New York, NY.
Founded in 1922 by Charles Allen, 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).[1]
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, Herb Allen 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."[2]
Allen & Co. was one of the underwriters for the Google initial public offering.
[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 [3]
- Steve Greenberg, son of baseball Hall of Famer Hank Greenberg
[edit] See also
[edit] References
- ^ "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
- ^ 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.
CNN Fortune "Inside the Private World of Allen & Co."
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