"Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." . "He intellectualizes outcomes and gets people to agree with his outcomes." Disclaimer. To the extent that we've lost credibility, repairing it is important." We have 9 Pics about Smithsonian's new African-American museum to feature artifacts from like Hopping in Harlem: Minton's Pays Homage to Jazz Greats - WSJ, Richard Parsons Biography - Childhood, Life Achievements & Timeline and also fri 18 aug 2017 23 01 50 0200. It did make history as the largest corporate purchase ever, but it also became known as perhaps the most failed megamerger on record. Its a statement by and to corporate America that there are no more areas where African Americans havent succeeded, he told the New York Times in 1990. Morningstar, Inc. All Rights Reserved. "Parsons, Richard as vice president, Parsons was invited along. Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. Graduated from Princeton University in 2006 and majored in anthropology. Parsons dealt with unhappy regulators. Nationality: American. I like to be with the troops.. He was the first black president and one of the highest-ranking blacks in corporate America. Parsons answered these reservations by promising to devote his full attention to his new $525, 000-a-year post. The position placed him second in command over the entire Time Warner holdings in magazine and book publishing, music, film entertainment, theme parks, and cable television. "Parsons, Richard Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. He graduated number one in his class of more than 100 students at the age of 23, then received the highest marks among 3,600 lawyers who. [8] He helped negotiate the company's merger with America Online in 2000, creating a $165-billion media conglomerate[10] that is "usually described as the worst merger of all time. He played varsity basketball there, and was also the social chairman of his fraternity. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. Vol. President Ford also used his services, first as a general. The Parsons appointment was not without controversy at Time Warner. Dr. Jerry Parsons subsequently selected a pink variety which is available from Wildseed Farms Wildflowers near Fredericksburg, Texas (Laura Bush Petunia Pink 8860) Regular price $3.19. Parsons skipped two grades and graduated from high school at the age of sixteen. Black Enterprise, 25 (October 1994): 69-76. [25], On May 9, 2014, in the wake of the Donald Sterling racial remarks controversy, it was announced that Richard Parsons was appointed the interim CEO of the Los Angeles Clippers. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. For more on AOL Time Warner's executive changes, click Webpony town unblocked; san diego police helicopter scanner; dellinger funeral home obituaries mount jackson virginia; airbnb with private indoor pool ontario "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. As a result, Parsons became known as the consummate gentleman executive. I know the bank is in good hands.. From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. Cite this article Pick a style below, and copy the text for your bibliography. Contemporary Black Biography. My wife became my focus and the person to whom I owed my best. His plans to become a fighter pilot were redirected to law school largely due to Bushs influence. https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948, Decker, Ed "Parsons, Richard Dean 1948 For the next six years, he served as the number-two executive . Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. However, the date of retrieval is often important. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. Parsons lost no time in putting his years of Washington deal-making into action. The Economicst (April 19, 2003). She is a member of The Ivy Club, one of Princeton's ten eating clubs, and is listed as listed as a vegetarian by famousveggie.com. To many, it seemed that Pittman took on most of the plum assignments in the company, considering he was in charge of the high-profile AOL operations. In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. Parsons was left in control of a bank that was apparently dying. [9], Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill. It also brought Parsons to the attention of high-ranking people who later sought his services. By the mid-1970s Parsons was noted as a rising star among black professionals, and he was profiled in Black Enterprises Under 30 & Moving Up series in 1975. Broadcasting executive Percy E. Sutton served as Manhattan borough president between 1966 and 1977, Hank Paulson My wife became my focus and the person to whom I owed my best. His plans to become a fighter pilot were redirected to law school largely due to Bushs influence. Standing at 6 feet 4 inches, with broad shoulders, he is a physically impressive man who could fill any boardroom. May 12, 2010, 1:05 PM. [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. In the latter post, Parsons focused on drug issues. Smith, Jessie Carney, ed. Former first lady and teacher Laura Bush, wife of 43rd President of the United States George W. Bush and known for being a steadfast supporter of her husband, WebLaura Lane Bush (ne Welch; born November 4, 1946) is an American teacher and librarian who was the first lady of the United States from 2001 to 2009 as the wife of President ." ." All times are ET. Encyclopedia.com. In 1988, just when it seemed that Parsons was poised to become head of his law firm, the news was announced that he had accepted the position of chief operating officer (COO) of the Dime. Parsons and his staff were responsible for providing advice to the president and formulating domestic policy in the areas of affirmative action, busing, civil rights, communication, consumer affairs, crime, drugs, illegal aliens, Indians, justice, postal service, Puerto Rico, privacy, regulatory reform, sex discrimination, and voting rights. The position placed him second in command over the entire Time Warner holdings in magazine and book publishing, music, film entertainment, theme parks, and cable television. Parsons accepted the presidency for a reported salary of several million dollars a year. agreed that friendly giant Richard Parsons had been just what the fractured titan needed. "Time Warner Drops AOL Name." ", "15 years later, lessons from the failed AOL-Time Warner merger", "Sir Win Bischoff to leave early from chairmanship of Citigroup", "Citi Chairman Is Said to Have Planned Chief's Exit Over Months (Published 2012)", "Richard Parsons resigns as CBS chairman due to complications from cancer", "Richard Parsons to Become Chairman of Rockefeller Foundation", "Richard D. Parsons The Rockefeller Foundation", Partnership Members Assist Spitzer Transition Team, "Time Warner Chairman Richard Parsons Says He Won't Run for Mayor New York Magazine", "Ex-Time Warner chairman named interim Clippers CEO", "Love tangle for power broker: Citigroup's Richard Parsons has love child with model MacDella Cooper", "How Time Warner's Former CEO Is Helping Democratize Cancer Research", "Richard Parsons Steps Down as Interim Chairman of CBS", https://en.wikipedia.org/w/index.php?title=Richard_Parsons_(businessman)&oldid=1147953876, American chief executives in the media industry, Hawaii Rainbow Warriors basketball players, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 April 2023, at 06:30. https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 "Can Dick Parsons Rescue AOL Time Warner?" Retrieved March 21, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0. "Richard Parsons: Profile." Chief among his tasks since joining Time Warner have been the restructuring of the companys financial and administrative operations, as well as evaluating the responsibilities of artists regarding explicit displays of sex and violence. Encyclopedia.com. Seedlings were germinated from the V.I.P. and grown to plants. 21 Mar. Ultimately, it's hard to predict what will happen April 27. and/or its affiliates. 11. Notable Black American Men, Book II. Encyclopedia.com. Privacy Policy. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. Eds. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. He brought back seeds from the V.I.P. to Texas. He graduated at the age of twenty-three, number one of more than 100 students and received the highest score among 3,600 lawyers in 1971 who took the state bar exam. Colleagues say Parsons management style helped smooth the painful layoffs that he had to make, wrote Fonda Marie Lloyd and Mark Lowery in Black Enterprise. Parsons and his wife Laura own a vineyard in Montalcino, Italy. Employees: 14,500 on August 30, 1968. Value is associated with hard work.. Detroit, Mich.: Gale Research, 1996. He was also in charge of the legal department and human resources. During his 11 years at the firm Parsons took on Happy Rockefeller, the widow of Nelson (who had died in 1979) as a high-profile client. In the May 1975 reorganization, his area of responsibility was divided, and Parsons became associate director for justice, crime, civil rights, and communications (communications was transferred to F. Lynn May in January of 1976). [24], Parsons was a member of the economic advisory team for President Barack Obama. Laura, 74, and Jenna, 39, discussed the new addition on the Today show. Many, however, questioned the appointment since Parsons had no real experience in the banking industry. McClellan, Steve. Parsons was born in the economically disadvantaged Bedford-Stuyvesant neighborhood of Brooklyn, New York on April 14, 1948 to Lorenzo Locklair, an airline technician (who installed and repaired electronic navigation systems for the Sperry Rand Company), and Isabelle Judd Parsons (a homemaker). [2] In October 2018 Parsons stepped down from the position, citing difficulties brought about by his battle with Multiple myeloma. As Parsons said in the New York Times in 1994, becoming a part of that Rockefeller entourage created for me a group of people whove looked out for me ever since. Parsons own concern for the underprivileged has been clearly shown by his work as chairman of the Wildcat Service Corporation, which has provided on-the-job instruction for people whose previous crimes, drug addiction, or poverty have made it difficult to find work. It is reported that the Laura Bush Petunia flourished at the Washington, D.C. Whitehouse as well at other State executive residences, and in gardens at Camp David, Maryland, as well as at the Bush ranch in Crawford, Texas, which would indicate that it can also be hearty in cooler more humid climates. Both colors are available from John Thomas Wildseed Farms (www.wildseedfarms.com) in Fredericksburg, Texas. They credit him with keeping employees informed every step of the way, at one point even producing several videos that were distributed to employees. When Albright departed the Dime, Parsons became chairman and CEO. "Parsons the Man: Public Service as Much as Private Sector Success Define AOL Time Warner's New CEO." WebBush, a full-time resident of the island for the past decade, is the owner of Albany Records, which produces uncommonly classical music by American composers; she was I exist apart from this job.". By July more than half the plants had been eliminated by the summer heat and a frigid January norther finished off the rest, except for 3 plant selections. WebParsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. In 1988, Parsons was then chosen to serve as chief operating officer of Dime Bancorp, Inc., one of the largest thrift institutions in the United States. I dont do anything differently than I would otherwise because I have that responsibility to my family, he told the New York Times in 1994. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. He graduated number one in his class of more than 100 students at the age of 23, then received the highest marks among 3, 600 lawyers who took the state bar examination in 1971. Parsons also had to deal with an onslaught of unhappy regulators. Laura Bush is a leading voice for spreading freedom and promoting human rights across the globe. For more than a decade, she has led efforts through the U.S.-Afghan Womens Council to protect the hard-earned rights of women in that country. In addition, the appointment positioned him second in command over the Time Warner holdings in magazine and book publishing, music, film, entertainment, theme parks, and cable television. With the bank on solid ground, Parsons set his sights on a new enterprise. , I dont feel any compulsion to strive, he told the new addition on the Today.... My own devices, I dont feel any compulsion to strive, he is a physically impressive who... 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