Washington Post, November 1, 1994, p. D5; December 6, 2001, p. EO1. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. McClellan, Steve. In Contemporary Black Biography. He stepped down as CEO of Time Warner on December 31, 2007. Chairman and chief executive officer, Goldman, Sachs & Company Parsons and his wife Laura own a vineyard in Montalcino, Italy. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. Advertisement. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. In addition, Parsons provided legal counsel to several major U.S. corporations, including the Dimes Savings Bank of New York, the largest savings and loan institution in the state. 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. Parsons was accepted by Albany Law School of Union University, New York, where he earned a Juris Doctor in 1971, finishing at the top of his class. The Parsons appointment was not without controversy at Time Warner. As he later told Black Enterprise, My wife talked me into it. [9], Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill. lauren bush david laura miranda kerr coocoo coconut oil marries models. Since the first marketing of Laura Bush, Dr. Parsons has selected and produced a pink version of the original bright violet-pink hue, known as Pink Laura Bush. The world's most influential media company, however, was struggling. 2019Encyclopedia.com | All rights reserved. In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. Parsons skipped two grades and graduated from high school at the age of sixteen. President Ford also used his services, first as a general council and then as associate director of the domestic council. ." Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. "Parsons the Man: Public Service as Much as Private Sector Success Define AOL Time Warner's New CEO." Graduated from Princeton University in 2006 . In the early 1990s he became president of Time Warner Inc., making him one of the most highly ranked African Americans in the corporate United States. The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. For the next six years, he served as the number-two executive As counsel to the Domestic Council, he worked closely with the Counsel to the President in providing legal guidance in the formulation of domestic policy. ." Richard Parsons has become one of the most prominent figures in American business, without rising through the usual ranks required to reach a high-level corporate position. Not one. Also fueling his rise were connections he has made with important people over the years. [2] In October 2018 Parsons stepped down from the position, citing difficulties brought about by his battle with Multiple myeloma. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. "Parsons, Richard In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." In 1993 Parsons was criticized by other blacks for supporting Rudolph Giuliani in the New York City mayoral race, instead of the incumbent Democrat, black mayor David Dinkins. Whether he remains with Time Warner or runs for public office, or goes in a totally different direction, Parsons will continue to be a role model in the African American community. 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. In 2006, Parsons was selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. Parsons later became chairman and CEO[8] and oversaw a merger with Anchor Savings Bank, gaining a substantial sum when the Dime Bank was demutualized. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. It was a drastic move, but he also kept communications open with his employees every step of the way. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948. . When Rudolph Giuliani (1944) was elected mayor of New York in 1993, Parsons headed his transitional council; he served on the transition team when Michael Bloomberg (1942) became the mayor of New York in 2001; and that same year, he was named co-chair of President George W. Bush's Social Security Commission. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Michael Rogers is a salesman for Oracle software, In this segment, he shares career advice through the software industry. When departing Deputy Attorney General Harold R. Tyler, Jr., became a partner at a well-established New York City law firm in 1977, he asked Parsons to come on board. Judge In 2015, Parsons was diagnosed with multiple myeloma, a rare blood cancer. . Member of the board of directors of Dime Savings Bank, Federal National Mortgage Association, Philip Morris Companies, Time Warner Inc., New York Zoological Society, and American Television & Communications Inc.; trustee of Rockefeller Brothers Fund, Howard University, and Metropolitan Museum of Art. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. They have three grown children: Gregory, Leslie, and Rebecca. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. "AOL Time Warner Still Fixing Holes." "Reeling Like a Bad Movie: AOL Time Warner." It's like height. Apparently it was the right decision. He was again entering an industry that was new to him, and some doubted his qualifications. By the mid-1970s Parsons was noted as a rising star among black professionals, and he was profiled inBlack Enterprises Under 30 & Moving Up series in 1975. When Rockefeller was appointed Vice President of the United States in 1974, Parsons followed him to Washington, D.C., where he worked directly with Gerald Ford. Therefore, that information is unavailable for most Encyclopedia.com content. Lloyd, Fonda Marie, and Mark Lowery. Barbara Pierce Bush, daughter of former President George W. Bush and former First Lady Laura Bush, welcomed daughter Cora Georgia in September 2021 with husband Craig Coyne. Parsons, who owns a home on Block Island, is a child psychologist. He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. ." In 1977, he returned to New York, and at the request of former U.S. Deputy Attorney General Harold R. Tyler Jr., he joined the law firm of Patterson, Belknap, Webb & Tyler. Parsons was named CEO for AOL Time Warner. Smith, Jessie Carney, ed. newzjunky louise bartholomew nicole edward. O de wurl aint flat,An de wurl aint roun,Hits one long stripHangin up an downJes Souf an Norf;Jes Norf an Souf. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. It just isn't for me. Value is associated with hard work.. The bank had suffered a series of losses due to the drastic devaluation of New York City real estate in the late 1980s, and during the previous year it had lost $92.3 million. 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. In 1977 deputy attorney general Harold R. Tyler Jr. requested Parsons to come aboard at Patterson, Belknap, Webb, & Tyler where he became a partner in two years, a move that usually demands seven years. According to an article in Black Enterprise, Parsons feels that the Democrats believe in taking from one group to give to another one, while the Rockefeller Republicans espouse a policy of equipping a group with skills so that they can achieve what they need on their own. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. Parson changed his attitude dramatically (from negative to positive) and reached a turning point when he met and later married Laura Ann Bush, a child psychologist, Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. "Parsons, Richard degree from Union University's Albany Law School in 1971. . Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. Richard Dean "Dick" Parsons was born in Brooklyn, New York. [17][18], From the early 1980s through much of the 1990s, Parsons owned a house near the Rockefeller family estate in Pocantico Hills (see Kykuit), where his grandfather was once a groundskeeper. In the early 1990s he became president of Time Warner Inc., making him one of the most highly ranked African Americans in the corporate United States. [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. In his spare time he enjoys shooting pool and listening to music. Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. In May 2014, in the wake of the Donald Sterling racial remarks controversy, Parsons was appointed the interim CEO of the Los Angeles Clippers. Save. Farmington Hills, Mich.: Thomson Gale, 2003. In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the well-being of humanity worldwide. "He is a persuader, not a dictator," a former colleague told CNET News.com. But it was Parsons who oversaw the units that brought in the most revenue, including Warner Brothers, New Line Cinema, and Time Warner Trade Publishing. Listen to article. Peter J. Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. DI, D6. Washington Post, November 1, 1994, p. D5. As a result, the company struggled to maintain its credibility, its stock prices tumbled, and it faced $27 billion in debt. Some considered the Parsons appointment at Time Warner to be a significant achievement for black executives, one that helps pave the way for them to enter the highest positions in business. Expected chief operating officer Robert Pittman to take the helm also kept communications open with employees. 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