Associated Pres (AP)
January 26, 1969. John Lennon and Yoko Ono meet Allen Klein, the financial genius known for his work with the Rolling Stones. Klein impresses the couple by showing a deep understanding of their history and offering to manage their affairs. Lennon and Yoko agree, with Yoko even typing up the agreement herself.
Klein’s career began in the music industry solving financial disputes for artists like Sam Cooke and the Rolling Stones. He had a knack for finding loopholes and maximizing profits for his clients, often through strategic renegotiations of contracts. Despite some controversial methods, Klein’s success continued with ventures into film production and a brief connection to the Beatles.
However, his ambitions faced opposition from Paul McCartney and other members of the Beatles, leading to the eventual breakup of the band. Klein’s legacy as a shrewd businessman and negotiator continued throughout his career, making waves in industries beyond music.
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