from:
http://www.mtexpress.com/2000/07-12-00/7-12allen.htm
Click Here: <A HREF="http://www.mtexpress.com/2000/07-12-00/7-12allen.htm">Ida
ho Mountain Express: Power elite descend on …</A>
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Power elite descend on Sun Valley


Annual Allen conference set to open


------------------------------------------------------------------------
"It is here. It’s a big boost to the local economy. It’s great for Sun Valley
and the whole area, but I can’t tell you any more than that."
Jack Sibbach, Sun Valley Co. spokesman

------------------------------------------------------------------------
By GREG STAHL
Express Staff Writer
Investments banker and media mogul Herbert Allen Jr.’s famed media conference
is invading Sun Valley this week for the 18th year, although details are
mysteriously—well, not really—difficult to find.

Last year was the first time Allen opened the event up to the press with
limitations—but apparently he’s decided it wasn’t a good idea.

Sun Valley Co. spokesman Jack Sibbach said in a Tuesday conversation that
Allen seems to be maintaining a lower profile for the event this year.
Sibbach wouldn’t even disclose the dates the conference begins and ends,
though it is probably running from yesterday through Sunday, based on
previous years’ schedules.

"It is here. It’s a big boost to the local economy. It’s great for Sun Valley
and the whole area, but I can’t tell you anymore than that," he said.

Sibbach said he was asked not to disclose any details.

Also, an employee at the conference’s caterer, Cristina’s Restaurant, also
said they had been asked not to disclose any details about the conference.

A Mountain Express reporter observed private jets arriving practically by the
minute late Tuesday afternoon at Friedman Memorial Airport in Hailey.

A baggage handler for the incoming flights said he wasn’t interested in
talking to a reporter. He said he was warned by convention organizers, "don’t
jeopardize our position, don’t jeopardize yours."

Last summer, a slew of news organizations invaded Sun Valley to try to get an
unguarded moment with some of the heavy-hitting guests. The press contingent
included CNN, CNBC, The New Yorker, Bloomberg News, The New York Post, USA
Today and Great Britian’s The Guardian, to name a few.

Oprah Winfrey, Jeffrey Katzenberg, Bill Gates, Jeff Bezos and Michael Ovitz
were among the financial and media power players sought by the media.

Allen had issued a letter last year, listing guidelines for the press that
limited photographs and interviews. The press was able to talk only to those
who volunteered interviews.

"Our conference in Sun Valley has always been a family event where our guests
have been able to enjoy their privacy as they would on a vacation," the
letter stated.

Allen is president of Allen & Co., which is one of the major investment
houses on Wall Street.
Originated in 1922, Allen & Co.’s initial successes came through buying and
selling of stocks at depression era prices. Since then, it has focused on
venture capital transactions.


Copyright © 2000 Express Publishing Inc. All Rights reserved. Reproduction in
whole or in part in any form or medium without express written permission of
Express Publishing Inc. is prohibited.
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