Allen & Company LLC · New York, NY United States
Company Description
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This link will open in a new window For Allen & Company, there's no business like financing show business. The investment bank serves variously as investor, underwriter, and broker to some of the biggest names in entertainment, technology, and information. Viewed as something of a secret society, the firm has had a quiet hand in such hookups as Seagram (now part of Vivendi ) and Universal Studios , Hasbro and Galoob Toys , and Disney and Capital Cities/ABC . The firm's famous annual retreat in Sun Valley, Idaho, attracts more moguls than a double-black ski run (Warren Buffet, Bill Gates, Oprah Winfrey, and former eBay CEO Meg Whitman have attended). Brothers Herbert and Charles Allen founded the company in 1922. To read the full description, subscribe now.
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Key Allen & Company LLC Financials
| Company Type | Private Single Location |
| Fiscal Year-End | November |
| Employees | 20 |
Allen & Company LLC Executives
9 executives listed for Allen & Company LLC's New York, NY location.
| Title | Name & Bio | Contact |
| Non-Executive Chairman | Donald Keough | Network |
| President | Herbert Allen | Network |
| Managing Director and EVP | Paul Gould | Network |
Competition
Competitive Landscape for Allen & Company LLC
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Allen & Company LLC Competitors
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