Already involved in a minor way with The Dave Clark Five, The Animals and The Kinks, Klein's business reputation had been built on clients including Connie Francis, Bobby Darin and the great Sam Cooke. [60], Jagger, who had studied at the London School of Economics,[61] gradually became distrustful of Klein, particularly for the latter's ability to insert himself as a profit participant in the group's ever-growing financial affairs. This led to tough negotiations with Triumph. In the spring of 1971, Harrison learned from his friend and mentor, Ravi Shankar, about the desperate people of Bangladesh, who had been devastated both by military violence and a vicious cyclone. Klein absorbed much from Kamber on how the producers had structured their business model, a paradigm whose strength derived from the fact that artists, not film studios or record labels, drove marketplace success and that intense preparation and canny negotiation could lavishly reward artists and their representatives. Tracey would manufacture Cooke's recordings and give exclusive rights to RCA to sell them for 30 years, after which the rights would revert to Tracey. Democrats are now plotting to oust Pelosi as Speaker after their House majority shrunk... 'Do you think we are fools?' Not at that time, anyway. 'Hey, Allen, why does no one like you?' He must have had fortunes available to give. He was known to pay artists as little as possible. Andrew Loog Oldham commented at a subsequent memorial service that Klein had greatly magnified the success of the Rolling Stones. He also, as his legions of enemies have been quick to point out, lost himself and The Beatles a new fortune, when Peter Asher, who ran their Apple record company, resigned in protest, taking with him his then unknown protege James Taylor. The first of these intruders was Yoko Ono; the second was Linda Eastman; and the third was Allen Klein. Allen Klein (December 18, 1931 – July 4, 2009) was an American businessman, talent agent, and record label executive, most noted for his tough persona and unethical practices. Well, I don't know about the valley, but he was certainly the biggest rock music manager in the world for a while, and though he once told me he would like to be considered a nice guy, that was always pretty unlikely. [4] However, the Stones were unable to break their contract with Klein, who held an additional $2 million of the Stones' money to be paid over a 15-year period, ostensibly for tax purposes. In 1961 Klein did accountancy work for an independent film, Force of Impulse, where he formed lasting relationships that he would turn to for many film projects of his own. Have You Seen Your Mother, Baby, Standing in the Shadow? Harrison immediately set about organizing an event which would take place in Madison Square Garden within just five weeks—the Concert for Bangladesh—from which a live album could raise further funds for the Bangladeshi refugees. McCartney dug his heels in, but George Harrison and Ringo sided with Lennon. [1] He first scored monetary and contractual gains for Buddy Knox and Jimmy Bowen, one-hit rockabillies of the late 1950s, then parlayed his early successes into a position managing Sam Cooke, and eventually managed the Beatles and the Rolling Stones simultaneously, along with many other artists, becoming one of the most powerful individuals in the music industry during his era. [129][130] Blindman (1970) featured Ringo Starr as a Mexican bandit, Anthony as its lead, and Klein as an extra. Next Klein produced The Man Who Had Three Arms, written by Edward Albee. [52], In the spring of 1965 Andrew Loog Oldham, co-manager of the Rolling Stones, saw in Klein a terrific business adviser and ally, one who could help him win an incipient power struggle with Eric Easton, a music business veteran who was then the other half of the band's management team. Klein was fined $5,000 and sentenced to two months in jail, which he served in July–September 1980. Certainly yesterday his publicist spoke of him as a great New York philanthropist, giving fortunes to many children's charities. He successfully renegotiated their recording contract with EMI, after threatening to have the Beatles quit recording if their royalty rates weren't increased, and stopped the money and resources that were pouring out of Apple, getting them on a more solid financial footing. [19], Aided by his friendship with music publisher Don Kirshner, a fellow alumnus of Upsala College,[20] Klein worked as an accountant for the next several years, assisted by Henry Newfield, a CPA who was a friend from school and the Army, and Marty Weinberg, another CPA, under the name Allen Klein and Company. [45] Though the latter two prospects did not materialize, Most was suddenly one of the most talked-about and financially gratified figures in the English recording industry, and Klein was a step closer to eventual agreements with both the Beatles and the Rolling Stones. Net Worth, Height, Weight. Email. He was subsequently diagnosed with Alzheimer's disease. In 1999, Mick Jagger and Keith Richards were nominated for a Grammy for Best Rock Song, even though "Bitter Sweet Symphony" actually bears little resemblance to the Rolling Stones's "The Last Time. We are no longer accepting comments on this article. [99], The judge ruled in McCartney's favor in March 1971. [21] Klein's clients included Ersel Hickey,[19] Dimitri Tiomkin,[22] Steve Lawrence,[22] Eydie Gormé,[22] Sam Cooke, Buddy Knox,[22] Jimmy Bowen,[22] Lloyd Price,[23] Neil Sedaka,[24] Bobby Darin,[25] Bobby Vinton,[26] Scepter Records,[24] and the estate of Mike Todd. In 1970, on the occasion of needing to negotiate a new contract with Decca, Jagger announced that Klein would be replaced as manager by Loewenstein. Although Klein greatly increased his clients' incomes, he also enriched himself, sometimes without his clients' knowledge. ** Klein's first trial ended in a mistrial because the jury was deadlocked. At his second trial in 1979 the jury found Klein innocent of the felony charges and convicted him of a single misdemeanor charge of making false statements on his 1972 tax return. "[42], According to the 2019 documentary Lady You Shot Me: The Life and Death of Sam Cooke, Klein was a predator in his relationship with the singer. The American Stock Exchange declined to reinstate the stock; instead, ABKCO continued to trade over the counter, and the stock price dropped to more realistic levels. Of course he did, he was Allen Klein. He couldn't have got much harder. [10] An indifferent student, he graduated from Weequahic High School in 1950; fellow graduate Philip Roth was the only classmate to sign his yearbook. Allen Klein (December 18, 1931 – July 4, 2009) was an American businessman, music publisher, writers' representative and record label executive. Klein's success with the Knox and Bowen negotiation brought him new clients, and he and Levy became lifelong friends. [89][90][91], In September 1969, while Klein was in the midst of renegotiating the Beatles' unsatisfactory recording agreements with EMI, Lennon told him of his plans to quit the group. McCartney refused to sign the contract but was out-voted by the other Beatles. Klein's goal was to get Spector all the money owed him, and also to wrest a concession allowing Spector to co-administer the future licensing of his music. Introduced as "the most feared promoter in the world", Decline is so intimidating to his colleagues that they choose to throw themselves out of skyscraper windows rather than face him.[146]. [102] Klein also produced the 1978 film The Greek Tycoon, in which Anthony Quinn and Jacqueline Bisset played characters based on Aristotle Onassis and Jacqueline Kennedy. Phil Spector, the producer famous for his "wall of sound" recordings with artists such as the Ronettes and the Righteous Brothers, was eager to sign on as producer for the album, which was eventually titled Let It Be.

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