2008 Gaudino Dialogues: Failing to Succeed
Herbert Allen ’62, President and CEO of Allen & Company Inc.
Allen is president, CEO, and a director of Allen & Company Inc., a privately held investment-banking firm, founded in 1922 by Allen’s father and uncle. The firm has served as investor, underwriter, and/or broker to some of the biggest names in entertainment, technology, and information services.
He has advised some of the media industry’s biggest dealmakers in the past 25 years, including Rupert Murdoch in his takeover of Dow Jones and NBC Universal’s $925 million purchase of Oxygen Media.
Allen is known for his patience in investing and long-term business relationships. He serves as director of the Convera Corporation, a software company, and the Coca-Cola Company. Before its acquisition by the Sony Corporation, Allen was chairman of the Board of Columbia Pictures Industries, Inc. and is a former trustee of The American Film Institute and Rochester University.
Allen & Co. is well known for its annual “media-technology-private equity mogul summer camp” in Sun Valley, Idaho, where such figures as Warren Buffet, Bill Gates, and Michael Eisner mountain bike and barbeque while discussing business.
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