Following his retirement as President, COO and Director of the Coca-Cola Company in 1993, Donald Keough became Chairman of the board of Allen &Company Incorporated, a New York investment-banking firm. In 2004, Coca-Cola re-elected him to the post of director, making a change in their retirement policy. Keough has been a crucial member of the company since 1950.

Keough also serves on the boards of IAC / InterActive Corp., Global Yankee Holdings, Convera Corporation, and Berkshire Hathaway, Inc. He has received various honors in his career, including honorary doctorates from the University of Notre Dame, his alma mater Creighton University, Emory University, Trinity College, Dublin, University College Dublin, and Clarke University. The University of Notre Dame’s highest honor, the Lactate Medal, was presented to Keough in 1993. In 1995, Keough established the Keough Institute of Irish Studies at the University of Notre Dame. He was elected a Fellow of the American Academy of Art & Sciences in 2002, and inducted into the Junior Achievement National Business Hall of Fame in 2003. Keough received honorary Irish citizenship in June, 2007.