Gaudino Dialogues, With Investment Banker Herbert Allen

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WILLIAMSTOWN, Mass - Our recent economic news has been terrifying. Is this a good time to be an investment banker? What's wrong with standard free market economics? Are there fresh, new ideas to bring to the party? Will the new administration be able to transform the way we consume and create resources and how we value things?

Find out the answers to questions like these from investment banker and dealmaker Herbert Allen '62 in the third live and unscripted Gaudino Dialogue with Williams Professor Edward Burger.

The event is scheduled for Tuesday, Nov. 11, at 8 p.m., in the MainStage of the '62 Center for Theater and Dance on the Williams campus. (Allen was the principle donor of the '62 Center for Theatre and Dance.)

Although a free event, tickets are required and reservations are available by calling the '62 Center box office, Tuesday through Saturday, between 1 and 5 p.m. (413) 597-2425. Tickets are often available at the door as well. The box office opens one hour before each event for ticket distribution. The event is free.

Allen is president, CEO, and a director of Allen & Company Inc., a privately held investment-banking firm, founded in 1922 by Allen's father and uncle. The firm has served as investor, underwriter, and/or broker to some of the biggest names in entertainment, technology, and information services.

He has advised some of the media industry's biggest dealmakers in the past 25 years, including Rupert Murdoch in his takeover of Dow Jones and NBC Universal's $925 million purchase of Oxygen Media.


Allen is known for his patience in investing and long-term business relationships. He serves as director of the Convera Corporation, a software company, and the Coca-Cola Company. Before its acquisition by the Sony Corporation, Allen was chairman of the Board of Columbia Pictures Industries, Inc. and is a former trustee of The American Film Institute and Rochester University.

Allen & Co. is well known for its annual "media-technology-private equity mogul summer camp" in Sun Valley, Idaho, where such figures as Warren Buffet, Bill Gates, and Michael Eisner mountain bike and barbeque while discussing business.

The Gaudino Dialogues are made available with the support of The Robert L. Gaudino Memorial Fund (http://www.williams.edu/resources/gaudino/pastscholars.php), whose programs complement the primary objectives of the college's educational mission: promoting active learning, combating fragmentation of knowledge, and assembling an open community of learning characterized by integrity, mutual respect, and rigorous intellectual endeavor.

This fall, Edward B. Burger (http://williams.edu/Mathematics/eburger/), who is professor of mathematics at the college, is offering the first interdisciplinary Gaudino course on the process of creating. In addition, he has developed this series of dialogues of life stories.

"My hope is that these wonderful alumni will inspire all of us to take more risks and actively try to be more creative in our everyday lives," Burger said.
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Williamstown Board Opts to Negotiate with College on Water St. Lot

By Stephen DravisiBerkshires Staff

Newly elected board member Nate Budington, far left, participates in his first in-person meeting along with, from left, Matt Neely, Stephanie Boyd, Peter Beck, Shana Dixon and Town Manager Robert Menicocci.
WILLIAMSTOWN, Mass. — The Select Board on Monday decided to enter into negotiations with Williams College on the sale of the vacant town-owned lot at 59 Water St.
 
But the board members made it clear that the college's proposal to acquire the lot is a starting point, not a final deal that the elected officials would accept.
 
"For the sake of continued conversation, I'm in favor of [awarding Williams the site], but if this process wasn't continued with the opportunity for further negotiation, I wouldn't vote to continue this," Peter Beck said. "I think that next step is necessary for us to get to a yes on this."
 
"I think there's wide agreement on that," Matthew Neely said just before the 5-0 vote to enter talks with the college.
 
Williams was the sole respondent to a town-issued request for proposals to develop the former town garage site, currently a dirt lot.
 
The college's stated intent is to build a new Facilities office and create up to 170 parking spaces at 59 Water Street. That use will allow the college to redevelop the current Facilities building site and parking lot as part of a reconception of the school's indoor athletic and recreation facilities.
 
Under the terms of the RFP, the college's proposal was subjected to review by an ad hoc advisory committee to the town manager, who brought the question to the Select Board. That board will have the final say on any purchase and sales agreement.
 
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