Herbert A. Allen Jr. | |
---|---|
Born | 1940 (age 83–84) |
Nationality | American |
Education | Williams College (B.A.) |
Known for | Former president of Allen & Company |
Spouses | |
Children | 4, 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.
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]
In 1998, he donated $20 million to Williams College. [8]
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]
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