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. B1, B3. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. The proud parents were by Jenna's side when she married her husband, Henry Hager, in. [2] On October 21, 2018, he resigned for health reasons from CBS and was replaced by Strauss Zelnick. 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.. Ed Decker and Christine Miner Minderovic. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. Richard D. Parsons, Counsel and Associate Director for Justice, Civil Rights, Drugs and Consumer Affairs: Files, 197477. After New Mexico Governor Bill Richardson withdrew his name from consideration for the position of Secretary of Commerce in the Obama Administration, Parsons's name was floated as a possible nominee. He was again entering an industry that was new to him, and some doubted his qualifications. After the deal was made, AOL Time Warner's board responsibilities were split directly in half, with one exception: Levin became the sole CEO in charge of operations; Case retained a backseat role as chairman. This degree is awarded by the Board of Regents to individuals distinguished by their national or international reputation or accomplishments in scholarship, public service, profession, industry, or other areas. 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." Cohen, Adam. Addresses: Office AOL Time Warner, 75 Rockefeller Plaza, New York, NY 10019. council and then as associate director of the domestic council. Parsons also had to deal with an onslaught of unhappy regulators. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. He was also in charge of the legal department and human resources. "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. He has claimed that race was never a defining character in his life. 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. Parsons also remained a committed leader in other areas of public and community service. Growing up in the Bedford-Stuyvesant area of Brooklyn, Parsons's father, Lorenzo Locklair Parsons, was an electrical technician and his mother, Isabelle (ne Judd), was a homemaker. Llewellyn, J. Bruce 1927 "America Online is an important part of our company and we expect it to continue to make major contributions to our success in the future. The most he did at the time was to learn to . 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. April 20, 2021, 9:57 AM PDT / Source: TODAY. 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. Born in Midland, Texas, Bush graduated from Southern Methodist University in 1968 with a bachelor's degree in education, and took a job as a second grade teacher. Richard Dean Parsons was born on April 4, 1948, in Brooklyn, New York. "Parsons, Richard Apparently it was the right decision. He is a Black business executive and lawyer. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. 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. Peter J. UXL Newsmakers. 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. [CDATA[ His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. Career: Served as assistant counsel to Governor Nelson Rockefeller, Albany, NY, 1971-74; 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, 1975-77; Patterson, Belknap, Webb & Tyler (law firm), New York, NY, attorney, 1977-88, became partner, 1979; Dime Savings Bank of New York (became Dime Bancorp, 1995), chief operating officer, 1988-90, chairman and chief executive officer, 1990-95; named head of mayor-elect transition council, 1993; served as chairman of New York Citys Economic Development Corporation; Time Warner Inc., president, 1995-99; AOL Time Warner, co-chief operating officer, 1999-2002, AOL Time Warner, CEO, 2002-. On May 16, 2001, Parsons replaced Gerald Levin as CEO of the AOL-Time Warner Corporation. Parsons was a bright child with a gift for charming people by telling entertaining stories. Niece of George W. Bush, Laura Bush, Doro Bush, Marvin Bush and Jeb . in history from the University of Hawaii in 1968. He joined the foundation's board of trustees in 2008. Encyclopedia.com. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. "Reeling Like a Bad Movie: AOL Time Warner." She is also credited with creating a national initiative called "Ready to Read, Ready to Learn", which promotes reading at a young age. [27][28][29] Being of Liberian ethnicity, Cooper founded the MacDella Cooper Foundation in 2004 to help orphans and abandoned children in Liberia following the Second Liberian Civil War. window.__mirage2 = {petok:"Olb1PN4AOYQxfgUm1EldB37uVPcj4uBa8eBE3X8k2lQ-86400-0"}; Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). CNET News.com (April 3, 2002) http://news.com.com/2009-1023-873910.html (accessed on July 29, 2004). Parsons assumed his post as president of Time Warner in January of 1995, a job that came with a reported multi-million dollar salary. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." It also brought Parsons to the attention of high-ranking people who later sought his services. Certain corporations come to bear the impress of a sin, 19082007 "Richard Parsons: Profile." 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. He also serves as chairman of the Upper Manhattan Empowerment Parsons also inherited a number of problems when he assumed his new post in January of 1995. [6] He skipped a grade in elementary school and another in high school. To this union three children were born (Gregory, Leslie, and Rebecca). 2008 redeem team starting 5; who is sarah davis married to; cronin friend betty barb grand cortopassi According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. They have three grown children: Gregory, Leslie, and Rebecca. Nationality: American. University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. Parsons' responsibilities at Time Warner included corporate finance and legal affairs activities and membership on the board of directors as well as the boards of TriStar Pictures and the Cable Group, American Television, and Communication (now Time Warner Cable). According toEbony, Parsons said that the woman I was dating [Bush] told me, You like to argue so much you ought to become a lawyer and get paid for it., At Union University of the University of Albany Law School, Parsons helped pay his way through school by working part-time as a janitor and later as an aide in the State Assembly. Incorporated:l96S 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. Parsons took on the role of co-COO, sharing the job with Robert Pittman (1953), former president of AOL. Contemporary Black Biography. He also earned staff respect at Dime with his fair treatment of personnel. In African American Lives. Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. He paid his law school expenses by working as a part time janitor and later as an aide in the New York State Assembly. I know the bank is in good hands.. In the Washington Post, Levin called Parsons an exceptional business leader with the broad experience, financial acumen and the knowledge of our business that will strengthen and solidify our corporate management., Parsons accepted the presidency for a reported salary of several million dollars a year. Richard Dean Parsons (born April 4, 1948), an American business executive, is the former chairman of Citigroup and the former chairman and CEO of Time Warner. Lloyd, Fonda Marie, and Mark Lowery. It did make history as the largest corporate purchase ever, but it also became known as perhaps the most failed megamerger on record. 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 Faces Major Test in Unifying AOL Time Warner." Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. He was involved in sports at the University of Hawaii; the six-foot-four-inch Parsons played basketball, was the social chairman of his fraternity, but was unenthusiastic about academics. ", 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. Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. DI, D6. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. warren central student killed 2022. 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. 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 accepted the presidency for a reported salary of several million dollars a year. As he told Ebony, I have never missed a single day of work in my life. [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. 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. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. did desi arnaz jr have a stroke; moose tracks vs cow tracks ice cream Among the qualities that makes Parsons as successful as he is, said Brooks, are "his focus, his ability to analyze the facts and get to the bottom line, and his ability to motivate an. He became an advisory trustee of the family's principal philanthropy, the Rockefeller Brothers Fund, and he sits with David Rockefeller on the board of the World Trade Center Memorial Foundation. Levin, however, felt that Parsons was the right man for the job, and some business insiders were not that surprised. Parsons was a member of the economic advisory team for President Barack Obama in 2008. Mayor Giuliani later asked Parsons to become his Deputy mayor for Economic Development. ." His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. 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. Rockefellers influence on Parsons remained strong and prompted him to become a Republican whose views were liberal on social issues and conservative on economic ones. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. For the next six years, he served as the number-two executive In his 11 years with the firm, he made his mark in both corporate law and civil litigation. After Giuliani was elected, he named Parsons to be head of his transition council. Encyclopedia.com. He was replaced by Strauss Zelnick. While in Hawaii, he also met his future wife, Laura Bush. 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. Parsons answered these reservations by promising to devote his full attention to his new $525, 000-a-year post. The Economicst (April 19, 2003). In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. Over the years Parsons has, however, admitted the possibility of entering politics later in life. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. Not one. Also fueling his rise were connections he has made with important people over the years. Here, the little . [4] He was one of five children. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. 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