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Allen Klein
Allen Klein (December 18, 1931 – July 4, 2009) was an American businessman, music publisher, writer's representative, filmmaker and record label executive, most noted for his tough persona and aggressive, innovative negotiation tactics, many of which established higher industry standards for compensating recording artists. He founded ABKCO Music & Records Incorporated in 1961. While managing the Rolling Stones, he bought out the interests of former manager Andrew Loog Oldham, acquiring rights to all of the band's music composed before 1971, and after years of determined pursuit by the IRS was convicted of a misdemeanor charge of making a false statement on his 1972 tax return, for which he spent two months of late 1980 in jail. Though Klein was never proven to have participated in the scheme, Peter Bennett, head of promotion for ABKCO, had covertly and unlawfully sold copies of the Beatles and solo Beatles releases, including ''The Concert for Bangladesh''.〔Goodman, Fred (2015), ''Allen Klein: The Man Who Bailed Out the Beatles, made the Stones, and Transformed Rock & Roll'', Houghton Mifflin Harcourt, New York, 978-0-547-89686-1, p=245-53〕
Klein revolutionized the income potentials of recording artists, who previously had been routinely victimized by onerous record company contracts. He first scored massive monetary and contractual windfalls 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.
==Early life==
Klein was born in Newark, New Jersey, the fourth child and only son of Jewish immigrants. His mother died of cancer very soon afterward and Klein lived for a time with his grandparents then subsequently in a Jewish orphanage until his father remarried shortly before Klein's 10th birthday. In early work experience with a magazine and newspaper distribution company he showed an astounding facility with numbers and learned alarming lessons about how profits were often systematically concealed from those who deserved them. Eventually he would realize that much the same situation maintained in popular music, where labels routinely took much profit from the transitory careers of the artists who created the profit-generating music, and gave precious little back.
After military service, and with the assistance of the G.I. Bill, Klein majored in accounting at Upsala College, graduating in June 1957. He soon married Betty Rosenblum, a Hunter College student seven years his junior.
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