Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. "That's what makes you different from your competition," he maintains. In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. 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. Harry Albright Jr., Rockefeller's executive assistant in Albany, New York and previous chairman of the Dime Savings Bank, cited Parsons as a great member of Rockefeller's staff and one who has great judgment and leadership skills. [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. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." [7] After four years, he was seven credits short of his diploma. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. 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. at the company, and as Gerald Levin's right-hand man. 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. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 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. From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. Notable Black American Men, Book II. Later that year, it was announced that Parsons had been selected as CEO of America Online. Color her surprised! 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. This opportunity with Time Warner is a once in a lifetime one. 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 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. "Can Dick Parsons Rescue AOL Time Warner?" [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. It is like air. 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. He quickly became a star in the firm and in just two years was named partner. April 21, 2021 11:45 am ET. It was a drastic move, but he also kept communications open with his employees every step of the way. Encyclopedia.com. ", "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. He was replaced by Strauss Zelnick. Time (December 17, 2001). 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. Parsons also served as chairman of the Apollo Theater Foundation, Inc. and sat on the boards of several arts, educational, and commercial organizations, including the Metropolitan Museum of Art, Citigroup, and Este Lauder, Inc. Parsons served as trustee of numerous Rockefeller entities, including one that holds stock in all of the family businesses. Parsons later lived in a guesthouse on the estate. Parsons was named CEO for AOL Time Warner. In Washington, the young lawyer also worked directly with President Gerald Ford (1913), first as general counsel and then as an associate director of the domestic council. Incorporated:l96S 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. He stepped down as CEO of Time Warner on December 31, 2007. Over the years Parsons has, however, admitted the possibility of entering politics later in life. Cite this article Pick a style below, and copy the text for your bibliography. The most he did at the time was to learn to . Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. NEW YORK, NY - FEBRUARY 18: L to R: Stephen Byrd and Jessye Norman, Laura Bush Parsons and Richard Parsons attend Apollo Club Harlem at The Apollo Theater on February 18, 2013 in New York City. 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. "Parsons, Richard Parsons was a member of the economic advisory team for President Barack Obama in 2008. As he told Cohen, "Ideally, you want to underpromise and overdeliver. But it's not my life. April 20, 2021, 9:57 AM PDT / Source: TODAY. Parsons worked at various odd jobs, including in a parking garage and gas company to support himself while at the University of Hawaii. Born: March 28, 1946, in Chicago, Illinois., Public Company 38, 39. 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. In 2006, Parsons was selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. Contemporary Black Biography. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. After his announcement as interim Clippers CEO in L.A. last week, the millionaire businessman reportedly flew back to the East Coast to be by her side as she underwent a medical procedure on Tuesday. 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. Facebook gives people the power to. Chairman and chief executive officer, Goldman, Sachs & Company Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. I exist apart from this job.". Parsons began his career as a member of New York governor Nelson Rockefeller's legal staff where he served when Rockefeller became vice president of the United States under President Gerald Ford in 1974. 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. In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. In spite of its debt, the company reported an overall increase in revenue (6 percent) in early 2004, thanks to three of the Time Warner divisions: film, cable, and network advertising. as vice president, Parsons was invited along. Business executive Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. The drag on the company continued to be AOL, which consistently floundered. ." Credit: Shahar Azran / Contributor. His 43 . 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 served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. Once again, Parsons made history, becoming what Adam Cohen of Time called the "first African American to lead the world's most influential media company." Encyclopedia.com. "AOL Time Warner Still Fixing Holes." She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. In 2000, Parsons guided the merger of Time Warner with America Online (AOL). They have three grown children: Gregory, Leslie, and Rebecca. View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. In his biggest move to trim the $27 billion debt, Parsons sold Warner Music Group in November of 2003 for a reported $2.6 billion. The proud parents were by Jenna's side when she married her husband, Henry Hager, in. Bell, Gregory S., "Richard Dean Parsons." Peter J. They have three grown children: Gregory, Leslie and Rebecca. Therefore, that information is unavailable for most Encyclopedia.com content. 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.. 23 Feb. 2023 . 11. //. He was again entering an industry that was new to him, and some doubted his qualifications. ExperienceIT, +5 more. Ed Decker and Christine Miner Minderovic. Pick a style below, and copy the text for your bibliography. 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." agreed that friendly giant Richard Parsons had been just what the fractured titan needed. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. 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). Errol Garner and Miles Davis are his favorite musicians. Broadcasting executive Percy E. Sutton served as Manhattan borough president between 1966 and 1977, Hank Paulson 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. 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