His family was taken aboard an American naval vessel to Yokohama, Japan, where Albeck was raised and educated at St. Joseph College.

[1] His first connection to the film industry was in 1939, when he became a sales representative for Columbia Pictures in what was then the Dutch East Indies, present day Indonesia.

[2][5] During his tenure at United Artists, the studio produced The French Lieutenant's Woman starring Meryl Streep, Manhattan and Stardust Memories by director Woody Allen and the James Bond films Moonraker and For Your Eyes Only.

[6] In the following weeks Albeck was named chairman of United Artists and removed from his post as president, resigning from the firm in February 1981 in the wake of media reports that he had been forced to retire.

[3] A resident of Manhattan, Albeck died there at the age of 89 on September 29, 2010, at NYU Langone Medical Center due to heart failure.