Kathleen Ryan served as an assistant to Parsons for a few weeks after she joined the Domestic Council in April, 1975. 2008 redeem team starting 5; who is sarah davis married to; ." DETAILS. Atlanta Journal-Constitution, January 22, 2002, C3. By the mid-2000s, however, analysts reported that Time Warner was on a definite upswing: employee morale was high, investors were newly confident, and the monstrous debt had been significantly slashed. Parsons was named CEO for AOL Time Warner. Decker, Ed. . Later that year, it was announced that Parsons had been selected as CEO of America Online. (February 23, 2023). Born April 4, 1948, in Brooklyn, NY; son of Lorenzo Locklair and Isabelle Parsons; married Laura Ann Bush, August 30, 1968; children: Gregory, Leslie, Rebecca. "Renaming our company will strengthen the identity of the AOL brand name among consumers," the CEO said in a written statement reported on CNNMoney.com. Bl, B3. Its not a bad time for me to make a move. Parsons also had to deal with an onslaught of unhappy regulators. Most online reference entries and articles do not have page numbers. In 2006, Parsons was selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. Memberships: Member of presidential Drug Task Force; chairman, Wildcat Service Organization. UXL Newsmakers. University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. Errol Garner and Miles Davis are his favorite musicians. Newzjunky - JCC Releases President's And Dean's Lists For Fall 2013 m.facebook.com. Business executive Richard Parsons has been called a teddy bear, a master diplomat, and a charmer, but perhaps the best description that has been applied to him is "friendly giant." As he later told Black Enterprise, My wife talked me into it. In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. Birthday: April 4, 1948 ( Aries) Born In: New York, New York, United States 1 0 Bankers #114 CEOs #466 Business People #1921 Quick Facts Also Known As: Richard Dean Parsons, Dick Parsons Age: 74 Years, 74 Year Old Males Family: Spouse/Ex-: Laura Bush Parsons children: Gregory Allen Parsons CEOs Bankers Height: 6'4" (193 cm ), 6'4" Males After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. Parsons was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. He graduated high school at the age of 16, then devoted much of his attention to sports as a student at the University of Hawaii. Bell, Gregory S., "Richard Dean Parsons." . "Honorary Degrees Conferred by the University of Hawaii." Parsons's tenure with Rockefeller and Ford opened up many doors for him and brought him to nationwide attention as an up-and-coming young executive. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. ." from Ariel Williams Holloway, Northboun' , 1926, NORTHBOUND' by Ariel Williams Holloway, Street Team INNW, St. Paul, The Tullahassee Mission, and School Opens, An Act for The Gradual Abolition Of Slavery is Passed, Steven Barnes, Science Fiction Writer born, St. Phillips College, (Texas) Begins Classes, Joseph Brant, Slave Owner, and Military Officer born, Americas Articles of Confederation Are Enacted, Court Rules to Desegregate Education in California, Harry Belafonte, Entertainer, and Activist born, The State of Pennsylvania Abolishes Slavery. Though he went into remission after Stem-cell therapy, complications in 2018 caused him to step down from his role as Interim Chairman of the Board of CBS. 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. He also earned staff respect at Dime with his fair treatment of personnel. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." "[11] In December 2001, it was announced that Levin would retire and Parsons had been selected as his successor. He stepped down as CEO of Time Warner on December 31, 2007. He also met a deputy attorney general, Harold R. Tyler, and one of his aides, a young Rudolph W. Giuliani, with whom he was to be closely associated supporting him in his campaign for New York mayor and heading his transitional council.[8]. He received a B.A. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. I have other things I'm focused on." A lawyer and politician, John Vliet Lindsay (born 1921) was a member of the U.S. Congress from 1959 to 1965 and mayor of New York, https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948, https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, http://news.com.com/2009-1023-873910.html, http://money.cnn.com/2003/09/18/technology/aol_name, http://money.cnn.com/2001/12/05/ceos/parsons_profile, https://www.encyclopedia.com/general/culture-magazines/parsons-richard, http://www.hawaii.edu/offices/bor/honorary/php?person=RP, https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. Ed Decker and Christine Miner Minderovic. ", Analysts wondered about the future of AOL even as Parsons continued to play peacemaker, overseeing Monday morning meetings with his various managers and promising harmony between teams. Black Enterprise, 25 (October 1994): 69-76. 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. Observer, (London, England) December 9, 2001, p. 4. In May 2014, in the wake of the Donald Sterling racial remarks controversy, Parsons was appointed the interim CEO of the Los Angeles Clippers. In September of 2003, Parsons made a surprising announcement: AOL Time Warner was undergoing a name change, and would in the future be known as simply Time Warner. His tactics paid off, and in just a few years, Parsons had reduced the amount of the Dime's bad debts from $1 billion to $335 million. [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. warren central student killed 2022. Peter J. 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. 38, 39. ." Washington Post, November 1, 1994, p. D5; December 6, 2001, p. EO1. The conglomerate was also saddled with significant debt. She has been featured on the covers of Vogue and Vanity Fair and has frequently modelled for Tommy Hilfiger, as well as for Abercrombie & Fitch and designers Gai Mattiolo and Isaac Mizrahi. CNET News.com (April 3, 2002) http://news.com.com/2009-1023-873910.html (accessed on July 29, 2004). 23 Feb. 2023 . Parsons remained optimistic, but he proceeded cautiously. "Reeling Like a Bad Movie: AOL Time Warner." CNNMoney.com (December 5, 2001) http://money.cnn.com/2001/12/05/ceos/parsons_profile (accessed on July 29, 2004). In fact, in 1995 he was key in orchestrating the successful merger between the Dime and Anchor Savings Bank. As he told Cohen, "Ideally, you want to underpromise and overdeliver. Its a venue to which I could see myself returning at some point in time, he told the New York Times in 1994, referring to public service as the highest calling, large and important work.. He later attended the University of Hawaii at Manoa, where he played varsity basketball. 2019Encyclopedia.com | All rights reserved. It was either you go for it, or its gone forever, claimed Parsons mBlack Enterprise.Its not a bad time for me to make a move. Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. When Robert Pittman stepped down as COO in June of 2002, Parsons quickly reorganized the company's top ranks by promoting some of Time Warner's former division chiefs. [6] He skipped a grade in elementary school and another in high school. Notable Black American Men, Book II. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. Pick a style below, and copy the text for your bibliography. He joined the foundation's Board of Trustees in 2008. Credit: Shahar Azran / Contributor. (February 23, 2023). As part of his management restructure, Parsons opted to lay off almost one-third of the Dime's staff. Therefore, that information is unavailable for most Encyclopedia.com content. During her "report" Parsons talked about a lot of thingsthat happened in this week's news cycle, such as Ken Bone's rise to viral fame and subsequent crash back to Earth due to some unearthed. With a calm, cool-headed resolve, he doggedly tackled the problems that lay ahead. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. Smith, Jessie Carney, ed. Parsons was accepted by Albany Law School of Union University, New York, earning a Juris Doctor in 1971, finishing at the top of his class. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. In 2001, President George W. Bush appointed Parsons along with former U.S. senator Daniel Moynihan to a commission to strengthen Social Security Program changes. on August 30, 1968. . Facebook gives people the power to. Former President George W. Bush and Laura Bush's daughter Barbara Bush gave birth to her first baby with husband Craig Coyne on Monday By Mary Park Published on September 29, 2021 11:42 AM ", "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=1138654142, This page was last edited on 10 February 2023, at 21:13. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). as vice president, Parsons was invited along. As he later told Black En terprise, My wife talked me into it. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. There are a number of other black executives who have elevated positions in corporate America, said Parsons inBlack Enterprise.The process is rolling forward, even if it isnt moving as fast as some of us would like. Despite his distinction as a high-ranking black in business, Parsons downplays the racial aspects of his success. Parsons later lived in a guesthouse on the estate. 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. By the end of 1999, it was certified as a Texas Superstar which means it will show superior performance under Texas tough growing conditions in the Earth-Kind landscape. The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. Parsons lost no time in putting his years of Washington deal-making into action. Born April 4, 1948 in Brooklyn, NY; son of Lorenzo tocklair (an airline technician) and Isabelle (a homemaker; maiden name, Judd) Parsons; married Laura Ann Bush, August 30, 1968; children: Gregory, Leslie, Rebecca Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School J.D., 1971. 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. After four years, he discovered that he could get into a law school in New York if he scored well enough on his pre-law exams. Encyclopedia.com. Thanks in part to such associations Parsons became what he frequently describes as a Rockefeller Republican, a person who is conservative when it comes to economic matters, and more liberal concerning social issues. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/general/culture-magazines/parsons-richard. Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. This opportunity with Time Warner is a once in a lifetime one. [30][31], Last edited on 10 February 2023, at 21:13, Donald Sterling racial remarks controversy, "Time Warner Confirms Parsons Stepping Down", "UH alumnus replacing Les Moonves as interim chairman of CBS", "Parsons Resigns From CBS Board due to Health Reasons: Dick Parsons resigns from CBS board, Strauss Zelnick steps into role of interim chairman", "Citigroup Chairman Richard Parsons TIME", "Did New Clippers CEO Dick Parsons Really Play College Basketball? In a Black Enterprise article, Fonda Marie Lloyd and Mark Lowery stated that "colleagues say Parsons' management style helped smooth painful layoffs (two thousand of the four thousand employees) that he had to make." ." [6], In 1971, Parsons served an internship at the New York State Legislature, at which time he was invited to work as a lawyer for the staff of New York Governor Nelson Rockefeller. Former First Lady Laura Bush told TV host Kelly Clarkson that she was "very surprised" to find out her husband, former President George W. Bush, was taking up painting as his . [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 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. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. The process is rolling forward, even if it isnt moving as fast as some of us would like. Despite his distinction as a high-ranking black in business, Parsons downplays the racial aspects of his success. Business Week Online.http://www.buisnessweek.com/magazine/content/03_20/b3833001_m2001.htm (Accessed 2 December 2005). He met with the then President-elect on Friday, November 7, 2008, along with many other economic experts, to discuss measures to solve the current economic crisis. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. It was a drastic move, but he also kept communications open with his employees every step of the way. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. Admiration for Parsonss skills in the business world resulted in his being courted as a board member for a number of leading companies and institutions, including Time Warner Inc., Philip Morris, Tristar Pictures, Howard University, and the Metropolitan Museum of Art. She is also credited with creating a national initiative called "Ready to Read, Ready to Learn", which promotes reading at a young age. 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, In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. "Parsons, Richard To the extent that we've lost credibility, repairing it is important." As he once told the New York Times, as reported by CNNMoney.com, "For a lot of people race is a defining issue. "Parsons, Richard 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. Hu, Jim. Richard Dean "Dick" Parsons was born in Brooklyn, New York. Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. Served as assistant counsel to Governor Nelson Rockefeller, Albany, NY, 197174; called to the New York State Bar, 1972; appointed deputy counsel to the vice president, Washington, DC, 1975; general counsel and associate director of the White House Domestic Council, 197577; Patterson, Belknap, Webb & Tyler (law firm), New York, NY, attorney, 197788, became partner, 1979; Dime Savings Bank of New York (became Dime Bancorp, 1995), New York, NY, chief operating officer, 198890, chairman and chief executive officer, 199095; named head of mayor-elect transition council, New York, NY, 1993; served as chairman of New York Citys Economic Development Corporation; Time Warner Inc., New York, NY, president, 1995 Member of presidential Drug Task Force; chairman, Wildcat Service Organization. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. An article in Business Week Online stated that after accepting the Time Warner presidency, "Parsons gradually made himself indispensable to Time Warner by taking on tough assignments that the increasingly insular Levin could not do himself." Decker, Ed "Parsons, Richard Dean 1948 Mehta, Stephanie. He was also in charge of the legal department and human resources. He joined the foundation's board of trustees in 2008. Eds. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official Again, the business community was rocked by the news. In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." 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