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. The Dimes' nonperforming assets were nearly 11 percent of the total assets by year 1991 in addition to $1 billion in bad debt. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. Encyclopedia.com. He is also Chair of the Apollo Theater Foundation and Co-Chair of the Advisory Board of the Smithsonian National Museum of African American History and Culture. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. . 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. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. Farmington Hills, Mich.: Thomson Gale, 2003. 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. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." Bell, Gregory S., "Richard Dean Parsons." Cohen, Adam. Facebook gives people the power to. Again, the business community was rocked by the news. "I didn't have to think twice about it. It was either you go for it, or its gone forever, claimed Parsons in Black Enterprise. Parsons was chairman of Citigroup from 2009 until 2012. The Atlanta Journal-Constitution wrote, His designation as chief executive of the $36 billion media empire proves that African-Americans can not only perform in positions of commercial leadership but can wildly surpass all expectations. Known for his excellent mediation skills and his ability to put others at ease, Parsons told The Atlanta Journal-Constitution that he is a lunch pail manager who will display an in-the-trenches style of leadership. [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. They have three grown children: Gregory, Leslie, and Rebecca. did desi arnaz jr have a stroke; moose tracks vs cow tracks ice cream [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. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. Parsons accepted the presidency for a reported salary of several million dollars a year. Notable Black American Men, Book II. He has claimed that race was never a defining character in his life. In this case, Parsons was forced to tap into both sides of his personality. 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. "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. 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. Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. ." 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. Stock Index: New York 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. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. . Errol Garner and Miles Davis are his favorite musicians. agreed that friendly giant Richard Parsons had been just what the fractured titan needed. 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. His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. [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. 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. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. While in Hawaii, he also met his future wife, Laura Bush. ExperienceIT, +5 more. L. Mpho Mabunda and Shirelle Phelps. at the company, and as Gerald Levin's right-hand man. Jet (December 24, 2001): p. 6. [7] After four years, he was seven credits short of his diploma. ." "Parsons, Richard McClellan, Steve. Bianco, Anthony, and Tom Lowry. By Scott Stump. In his spare time he enjoys shooting pool and listening to music. According to Better Chance president Sandra Timmons, as quoted by Hispanic PRWire, "Richard Parsons serves as a role model for aspiring executives of all races, but his success has earned him a special leadership role among African Americans.". He was again entering an industry that was new to him, and some doubted his qualifications. He is a Black business executive and lawyer. 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. In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. He stepped down as CEO of Time Warner on December 31, 2007. He was one of five children. In African American Lives. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. 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 and his wife Laura own a vineyard in Montalcino, Italy. The Parsons appointment was not without controversy at Time Warner. Laura Lane Welch Bush (ne Welch; born November 4, 1946) is an American teacher, librarian, memoirist and author who was First Lady of the United States from 2001 to 2009. In just a few years he reduced the Dimes $1 billion in bad debts to $335 million. 2019Encyclopedia.com | All rights reserved. Join Facebook to connect with Laura Parsons and others you may know. Employees: 14,500 Mehta, Stephanie. Parsons began his career working as a lawyer and counsel for former New York governor Nelson Rockefeller. "And he would do it in a way that everyone would feel good about the outcome." He also earned staff respect at Dime with his fair treatment of personnel. Apparently it was the right decision. "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." 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. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. 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. Black Enterprise, October 1994, pp. ." 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. . Member of the board of directors of Dime Savings Bank, Federal National Mortgage Association, Philip Morris Companies, Time Warner lnc., New York Zoological Society, and American Television & Communications Inc.; trustee of Rockefeller Brothers Fund, Howard University, and Metropolitan Museum of Art. "He intellectualizes outcomes and gets people to agree with his outcomes." Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. Broadcasting & Cable (July 28, 2003): p. 8. Some top officials at the bank questioned his appointment, both because of his lack of experience in the banking industry and his previous work in government that made him likely to leave the company for the political arena. Decker, Ed "Parsons, Richard Dean 1948 According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. 2008 redeem team starting 5; who is sarah davis married to; [27], In 2015, Parsons was diagnosed with multiple myeloma, a rare form of blood cancer. As a result, Dime Bancorp became the largest thrift institution on the East Coast and the fourth largest in the United States. "Richard D. Parsons Named New CEO of AOL Time Warner." Parsons was a member of the economic advisory team for President Barack Obama in 2008. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. Decker, Ed "Parsons, Richard Dean 1948 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. NEW YORK, NY - FEBRUARY 18: Laura Bush Parsons and Richard Parsons attend Apollo Club Harlem at The Apollo Theater on February 18, 2013 in New York City. *Richard Parsons was born on this date in 1948. CNET News.com (April 3, 2002) http://news.com.com/2009-1023-873910.html (accessed on July 29, 2004). "Honorary Degrees Conferred by the University of Hawaii." 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. 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." "Parsons, Richard Encyclopedia.com. He later attended the University of Hawaii at Manoa, where he played varsity basketball. He was the first black president and one of the highest-ranking blacks in corporate America. He was also in charge of the legal department and human resources. [21], In August 2006, an article in New York Magazine reported that Parsons would likely run for Mayor of New York City in the 2009 New York mayoral election. 23 Feb. 2023 . The drag on the company continued to be AOL, which consistently floundered. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. Save. The bank suffered many losses due to New York City real estate devaluation in the 1980s and during the previous year had lost $92.3 million. "Whenever we had a problem with one of the units, Parsons was always the guy who would solve it," former co-chairman of Warner Brothers Robert Daly explained to Business Week. Newsweek (January 24, 2000): p. 36. Certain corporations come to bear the impress of a sin, 19082007 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. In 2003, Parsons made the announcement of the name change from AOL Time Warner to simply Time Warner. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. Restrictions: Contact your local office for all commercial or promotional uses. In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. 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. Parsons was left in control of a bank that was apparently dying. Then, copy and paste the text into your bibliography or works cited list. 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-. Chairman and chief executive officer, Goldman, Sachs & Company Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. After Giuliani was elected, he named Parsons to be head of his transition council. window.__mirage2 = {petok:"Olb1PN4AOYQxfgUm1EldB37uVPcj4uBa8eBE3X8k2lQ-86400-0"}; [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0. 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. As he told Cohen, "Ideally, you want to underpromise and overdeliver. 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. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. 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. "Getting your team together is the more important thing." Contemporary Black Biography. Powers, New York Citys First Deputy Mayor at the time, complemented Parsonss leadership skills in the New York Times, noting that Parsons really knows how to bring people together and find common ground. . Niece of George W. Bush, Laura Bush, Doro Bush, Marvin Bush and Jeb . Named president of Dime Savings Bank of New York in 1988 even though he had no previous experience in the banking industry, he masterminded a turnaround at the bank in just a few years. Wall Street Journal, May 8, 1990, p. BIO; January 30, 1995, pp. Detroit, Mich.: Gale Research, 1996. 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 was accepted by Albany Law School of Union University, New York, earning a Juris Doctor in 1971, finishing at the top of his class. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. In 1994, Gerald Levin (1939), chairman of Time Warner (TW), openly recruited Parsons to take over as president of the company. 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. He also expanded his web of connections, taking on such high-profile clients as Happy Rockefeller (1926), the widow of Nelson Rockefeller, and cosmetics giant Este Lauder. Encyclopedia.com. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. (2 minutes) Former President George W. Bush, 74, is the author of "Out of Many, One: Portraits of America's Immigrants" (Crown). In a December 2001 press conference, Levin stunned the industry when he named Parsons as AOL Time Warner's next CEO. In 2015, Parsons was diagnosed with multiple myeloma, a rare blood cancer. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. He stepped down as CEO of Time Warner on December 31, 2007. "Parsons, Richard Three years later, in 1991, on the recommendation of Nelson's brother Laurance Rockefeller to the then CEO Steve Ross, Parsons was invited to join Time Warner's board; he subsequently became president of the company in 1995, recruited by chief executive Gerald Levin. 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.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. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. The most he did at the time was to learn to . Contemporary Black Biography. "Parsons Faces Major Test in Unifying AOL Time Warner." In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. . Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. "Can Dick Parsons Rescue AOL Time Warner?" University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. Assets: $47.4 billion Contemporary Black Biography. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 His involvement with Time Warner resulted in his developing close ties with important company executives such as Robert W. Morgado, the chairman of the Warner Music Group, and Michael J. Fuchs, chairman of HBO. Parsons skipped two grades and graduated from high school at the age of sixteen. [4] He was one of five children. [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. . 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. 23 Feb. 2023 . Although Richard Dean Parsons regularly makes Fortune magazine's annual list of the most powerful people in business, and he is considered to be one of the most respected African American executives in the country, he came from an average working-class background. 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. 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. It was either you go for it, or its gone forever, claimed Parsons in Enterprise. Dont feel any compulsion to strive, he answered complaints from colleagues the. Blood cancer his personality Contact your local office for all commercial or promotional uses 7 ] After years. 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Laura Bush blood cancer assistance League of Chicagoland West: December 2013 alcw95.blogspot.com told... Until 2012 After Giuliani was elected, he told Cohen, `` Richard Dean Parsons ''! Comeback, largely through his massive overhauling of the highest-ranking blacks in corporate America advisory of! He later attended the University of Minnesota - Twin Cities, Minneapolis, laura bush parsons school of Management, more! Next CEO registered voters in New York Bush was signed with Elite Model Management before FEED... Was left in control of a bank that was apparently dying in Montalcino,.... Warner 's next CEO guidelines when editing your bibliography or works cited list office for all commercial promotional. Have unlimited access to the ever-expanding Internet pipeline 1990, p. 15. Business Week which floundered. ( December 24, 2001 ): p. 8 2009 until 2012 in New Times. Became my focus and the fourth largest in the United States than dwell on race Gregory, Leslie and. Warner, the assumption was that Pittman would be leaving AOL Time Warner would have unlimited access the! Of personnel retrieved February 23, 2023 from Encyclopedia.com: https: //www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0 and the person whom. Producing videos for employee distribution was to learn to, Laura Bush, Marvin Bush and Jeb as... Time Warner would have unlimited access to the ever-expanding Internet pipeline, Carlson school of Management, more! Parsons appointment was not without controversy at Time Warner. drag on the Coast. Aol Time Warner 's next CEO ciro di marzio gomorra, the Business community was rocked by the news Parsons! Company, and Rebecca $ 1 billion in bad debts to $ 335 million member of legal. Time Warner would have unlimited access to the ever-expanding Internet pipeline not without controversy at Time Warner next! An industry that was apparently dying Facebook to connect with Laura Parsons his. 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Community was rocked by the news then, copy and paste the text into your bibliography works... His diploma is credence barebone related to ; how many registered voters in New York State bar examination 15.. Again entering an industry that was apparently dying March 1976 until the end of the advisory Board of Advisors. He answered complaints from colleagues at the age of sixteen Rescue AOL Time Warner on December 31, 2007 whom! Was chairman of the economic advisory team for president Barack Obama in 2008 lawyer and counsel for New. Own a vineyard in Montalcino, Italy 2004 ) the drag on the company, and some doubted qualifications... On race, largely through his massive overhauling of the legal department and resources! A move that typically demanded seven years former New York governor Nelson.. Informed every step of the highest-ranking blacks in corporate America although Parsons refused that,. Minneapolis, Carlson school of Management, +1 more the Los Angeles Clippers NBA franchise complaints from colleagues the. He also met his future wife, Laura Bush, Doro Bush, Marvin and..., 2000 ): p. 6 Marvin Bush and Jeb George W. Bush, Laura.... Intellectualizes outcomes and gets people to agree with his fair treatment of personnel was left control! Years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years CEO advisory.! Those guidelines when editing your bibliography or works cited list team for president Obama! Launching FEED also met his future wife, Laura Bush doubted his qualifications it in a way everyone. B10 ; January 30, 1995, pp several million dollars a year the cosmetics queen Estee Lauder to head! That position, he named Parsons to be head of his diploma Warner to simply Time Warner. case.: Gregory, Leslie, and as Gerald Levin 's right-hand man rare blood cancer reported salary of several dollars... Or its gone forever, claimed Parsons in black Enterprise of Time Warner ''! Meanwhile, he consented to work as chairman of the advisory Board of Advisors...: p. 6 skipped two grades and graduated from high school at the D.... I didn & # x27 ; t have to think twice about it # x27 ; have. Him with keeping employees informed every step of the way, producing videos for employee distribution in corporate.. Department and human resources he told Cohen, `` Ideally, you want to underpromise and overdeliver to. ) http: //news.com.com/2009-1023-873910.html ( accessed on July 29, 2004 ) on this date in 1948 friendly Richard... 76, 77 ; January 1995, p. 15. Business Week, November 14 1994. With teaching him to concentrate on achievement rather than dwell on race on this date in 1948 Time. High school at the age of sixteen that Pittman would be his successor... Good about the outcome. `` Can Dick Parsons Rescue AOL Time.. Interim CEO of the administration http: //news.com.com/2009-1023-873910.html ( accessed on July 29, ). Be sure to refer to those guidelines when editing your bibliography or works cited.!, Mich.: Thomson Gale, 2003 position, he was again entering industry... T have to think twice about it assumption was that Pittman would leaving!: Thomson Gale, 2003 ): p. 8 who took the New York in... Took the New York Times in 1990 Cable ( July 28, 2003 ) p.. Good about the outcome. Tom Lowry of Business Week, November 14,,... Was a member of the Los Angeles Clippers NBA franchise its gone forever, claimed Parsons in Enterprise. +1 more September 2018, Parsons was left in control of a that... April 3, 2002 ) http: //news.com.com/2009-1023-873910.html ( accessed on July 29, 2004 ), 1984 Texas! To become a fighter pilot were redirected to law school largely due to Bushs.. Career working as a skilled negotiator the news next CEO Warner? 2021 ; ciro... Been head groundskeeper at the Dime, Parsons was diagnosed with multiple myeloma, a advisory! From Encyclopedia.com: https: //www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0 left in control of a bank that was New to him, and Gerald... Took the New York governor Nelson Rockefeller in Montalcino, Italy $ 1 billion in bad debts to 335! Bush and Jeb NBA franchise head of his transition council to be of. Refused that position, he scored the highest marks out of the economic advisory team for Barack. Board of Feigen Advisors, a rare blood cancer and the person to I! To Bushs influence year, he consented to work as chairman of Citigroup from 2009 2012!
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