Herbert Allen Jr.

Last updated
Herbert A. Allen Jr.
Born1940 (age 8384)
NationalityAmerican
Education Williams College (B.A.)
Known forFormer president of Allen & Company
Spouses
  • Laura Parrish
(m. 1982;div. 1989)
  • Gail Holmes
Children4, including Herbert Allen III
Parent(s) Herbert A. Allen Sr.
Ethel Strong

Herbert A. Allen Jr. (born 1940) is an American businessman and former president of Allen & Company.

Contents

Biography

Herbert Allen Jr. is the son of Kathleen and Herbert A. Allen Sr. His father was a high school drop out and stock trader who joined [1] in 1927 an investment firm founded in 1922 by his older brother Charles, Allen & Company. [2] Allen & Company specialized in corporate buyouts. [1] [3] A third brother Harold joined soon after. [4] Allen Jr. has one sister, Susan Allen. [1] His mother was an Irish Catholic and his father - although the son of a Jewish mother - was a non-practicing Unitarian. [5]

Allen Jr. was raised in Irvington, New York [5] and graduated from Williams College in 1962 and immediately joined Allen & Company. In 1966, at age twenty-seven, he was appointed President. [6] In 1973, Allen & Company purchased a controlling interest in Columbia Pictures. [7] In 1982, Allen & Company launched the Sun Valley Conference and The Coca-Cola Company bought Columbia for $750 million in cash and stock [7] giving Allen Jr. a seat on the Board of Directors. [2]

In 2002, Allen Jr. ceded control of the firm to his son Herbert Allen III. [7]

Philanthropy

In 1998, he donated $20 million to Williams College. [8]

Personal life

Allen has been married and divorced three times. His first wife was Laura Parrish; [7] they have four children: Herbert Allen III is married to Monica de la Torre, a public-interest lawyer and native of Puerto Rico; [7] Charles Allen works at Allen & Co. as an institutional salesman [7] and in 2005, married Kristin Wheat Fisher in a Methodist ceremony; [9] Leslie Allen; and Christie Allen. [7] His second wife was Broadway dancer Ann Reinking, [7] whom he married in 1982 and divorced in 1989. After 1989 he married and has since divorced Gail Holmes. He resides in Cody, Wyoming. [10]

Related Research Articles

Gerald de l'Etang Duckworth was an English publisher, who founded the London company that bears his name. Henry James and John Galsworthy were among the firm's early authors.

<span class="mw-page-title-main">Junius Spencer Morgan</span> American banker and financier (1813–1890)

Junius Spencer Morgan I was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house.

<span class="mw-page-title-main">Clarence Dillon</span> American businessman (1882–1979)

Clarence Dillon was an American financier, and namesake of Dillon, Read & Co., an investment bank. In 1957, Fortune Magazine listed Dillon as one of the richest men in the United States, with a fortune then estimated to be from $150 to $200 million.

<span class="mw-page-title-main">Arthur Ochs Sulzberger Jr.</span> American journalist (born 1951)

Arthur Ochs "Pinch"Sulzberger Jr. is an American journalist.

<span class="mw-page-title-main">Maurice Barrymore</span> British stage actor (1849–1905)

Herbert Arthur Chamberlayne Blyth, known professionally by his stage name Maurice Barrymore, was an Indian-born British stage actor. He is the patriarch of the Barrymore acting family, and the father of John, Lionel and Ethel.

<span class="mw-page-title-main">Charles D. Barney</span> American stockbroker (1844–1945)

Charles Dennis Barney was an American stockbroker and founder of Charles D. Barney & Co., one of the predecessors of the brokerage and securities firm Smith Barney.

Allen & Company LLC is an American privately held boutique investment bank based at 711 Fifth Avenue, New York. The firm specializes in real estate, technology, media and entertainment.

<span class="mw-page-title-main">Allen & Company Sun Valley Conference</span> Annual American business conference

The Allen & Company Sun Valley Conference is an annual media finance conference hosted and funded by private investment firm Allen & Company. The conference has taken place in Sun Valley, Idaho for one week each July since 1983. The gathering typically includes major political figures, business leaders, and figures in the philanthropic and cultural spheres.

<span class="mw-page-title-main">Herbert L. Pratt</span> American businessman

Herbert Lee Pratt was an American businessman and a leading figure in the United States oil industry. In 1923, he became head of Standard Oil of New York; his father Charles Pratt was a founder of Astral Oil Works, which later became part of Standard Oil. He lived and worked in New York City, as well as having a country estate, "The Braes" in Glen Cove, Long Island, and a hunting preserve and estate, "Good Hope Plantation" in Ridgeland, South Carolina. He was also an art collector and philanthropist.

<span class="mw-page-title-main">John Teele Pratt</span> American businessman (1873–1927)

John Teele Pratt was an American corporate attorney, philanthropist, music impresario, and financier.

<span class="mw-page-title-main">Livingston T. Merchant</span> American diplomat (1903–1976)

Livingston Tallmadge Merchant was a United States official and diplomat. He twice served as United States ambassador to Canada and was Under Secretary for Political Affairs from 1959 to 1961.

Herbert Allen Sr. was an American stockbroker.

John Adams Morgan is an American sailor, Olympic champion and the founder of Morgan Joseph. His father, Henry Sturgis Morgan, was the co-founder of Morgan Stanley and his great-grandfather was J. P. Morgan, founder of J.P. Morgan & Co.

James Cunningham Bishop, son of New York capitalist Heber R. Bishop, was a banker.

<span class="mw-page-title-main">Enoch White Clark</span> American banker

Enoch White Clark was the founder of E. W. Clark & Co., a prominent financial firm based in Philadelphia, Pennsylvania, that helped the U.S. government finance the Mexican–American War. In 1857, Clark was listed as one of Philadelphia's 25 millionaires.

Herbert A. Allen III is an American businessman.

Stanley Marshall Rinehart Jr. (1897–1969) was an American book publisher. He was the son of mystery writer Mary Roberts Rinehart, the brother of publisher Frederick Roberts Rinehart, and the brother of producer and playwright Alan Rinehart.

<span class="mw-page-title-main">Oliver Harriman</span> American businessman

Oliver Harriman was an American businessman and member of the wealthy Harriman family.

Charles Henry Marshall Jr. was an American businessman, art collector and philanthropist who was prominent in society during the Gilded Age.

<span class="mw-page-title-main">John Vernou Bouvier Jr.</span> American lawyer (1866–1948)

John Vernou Bouvier Jr. was an American Wall Street lawyer and stockbroker who was a patriarch of the Bouvier family. He was the father of John Vernou Bouvier III as well as a grandfather of First Lady Jacqueline Kennedy Onassis and socialites Princess Lee Radziwill and Edith Bouvier Beale.

References

  1. 1 2 3 New York Times: "Herbert Allen Sr., 88, an Early Specialist in Corporate Takeovers" By LESLIE EATON January 23, 1997
  2. 1 2 Forbes: "The World's Billionaires - #605 Herbert Allen Jr & family March 5, 2008
  3. New York Times: "Charles Allen Jr., 91, Founder Of Investment Company, Is Dead" By RICHARD D. LYONS July 17, 1994
  4. New York Times: "Paid Notice: Deaths ALLEN, HAROLD" August 28, 2002
  5. 1 2 New Yorker Magazine: "THE CONSIGLIERE - There are big decisions yet to be made in the MCA-Seagram deal, and they may all involve Herbert Allen" BY KEN AULETTA Archived 2018-03-19 at the Wayback Machine MAY 22, 1995 |"Herbert spent a good part of his childhood in the leafy Westchester suburb of Irvington. His father's mother "was Jewish--we think," Allen says. His father became a nonpracticing Unitarian--an agnostic, that is. Herbert's mother was an Irish Catholic, and she had her daughter and her son baptized in the church, but, like his father, Herbert abhorred the structure and the discipline of formal religion. "It's like digging potatoes," he says. "You can do it one day and then you get the idea."
  6. New York Times: "27-Year-Old President Elected by Allen & Co." August 8, 1966
  7. 1 2 3 4 5 6 7 8 Fortune: "Inside the Private World of Allen & Co. Putting a premium on personal ties, this family firm thrives in the land of the giants" By Carol J. Loomis June 28, 2004
  8. The Berkshire Eagle, June 15, 2007
  9. New York Times: "Kristin Fisher and Charles Allen" May 15, 2005
  10. "Inside the Private World of Allen & Co. Putting a premium on personal ties, this family firm thrives in the land of the giants. - June 28, 2004".