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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Entertainment > Article Home Business & Finance News U.S. Politics International Technology Entertainment Film Music People Television Arts Industry Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Former Beatles, Stones manager Allen Klein dies Sun Jul 5, 2009 2:09am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Dean Goodman LOS ANGELES (Reuters) - Infamous record label owner Allen Klein, who played a key role in the demise of the Beatles and also nabbed control of some of the Rolling Stones' best-known songs, died in New York on Saturday after a battle with Alzheimer's disease, a spokesman said. He was 77. During a career spanning more than 50 years, the New Jersey-born accountant enjoyed a reputation as a savvy gangster-like figure. His ruthless business practices were reviled by many, but he also earned grudging respect for bullying labels into giving rich deals to his clients. "Don't talk to me about ethics," he told Playboy magazine in 1971. "Every man makes his own. It's like a war. You choose your side early and from then on, you're being shot at. The man you beat is likely to call you unethical. So what?" It did not hurt his reputation when he was sentenced to two months in prison in 1979 for tax evasion. He once said John Lennon hired him to protect his interest in the Beatles because he and wife Yoko Ono wanted "a real shark -- someone to keep the other sharks away." His company, ABKCO Music & Records, is one of the biggest independent labels in an industry controlled by multinational corporations. The spokesman said it would remain family-controlled. Two of Klein's three adult children work at the company, including son Jody who runs ABKCO. (The acronym stands for Allen and Betty Klein Co., Betty being his wife.) Its assets include recordings by the Rolling Stones, the Animals, Herman's Hermits, Bobby Womack, the Kinks, Chubby Checker, Bobby Rydell and many others. The publishing arm boasts more than 2,000 copyrights including compositions by Mick Jagger and Keith Richards of the Rolling Stones, Cooke, Womack, Ray Davies of the Kinks and Pete Townshend of the Who. SAM COOKE TO BEATLES Klein broke into the music business by auditing record labels on behalf of clients including Bobby Darin and Connie Francis. When he found they were owed royalties, he took half of the difference as a fee. His first big management client was Sam Cooke, for whom he negotiated a lucrative recording deal in 1963 that gave the soul star unprecedented control over his own catalog. Klein, who was already representing "British Invasion" artists such as the Animals, Dave Clark Five and Herman's Hermits, set his sights on the Rolling Stones, who were laboring under an onerous deal. He renegotiated their pact in 1965, and ended up managing the group for about five years -- taking a 20 percent fee. The Stones eventually tired of Klein. But the only way to break free of him was to give up the rights to their master recordings and rights to such timeless tunes as "(I Can't Get No) Satisfaction" and "Jumpin' Jack Flash." "In some ways Allen Klein was very much ahead of his time," Jagger said in the 1989 Stones documentary "25x5." "We lasted about three or four years with him, really, though the ramifications of that still continue to this day." Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! 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