laura bush parsons

Not one. Also fueling his rise were connections he has made with important people over the years. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. He was born on April 4, 1948, in the Bedford-Stuyvesant section of Brooklyn, New York, and was raised in the New York borough of Queens. His 43 . 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. The drag on the company continued to be AOL, which consistently floundered. 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. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. 23 Feb. 2023 . Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Encyclopedia.com. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. He was also in charge of the legal department and human resources. Farmington Hills, Mich.: Thomson Gale, 2003. He has claimed that race was never a defining character in his life. 2008 redeem team starting 5; who is sarah davis married to; Black Firsts. 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 joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. Mehta, Stephanie. It also brought Parsons to the attention of high-ranking people who later sought his services. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. [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. 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. In the latter post, Parsons focused on drug issues. ." Born into a family of humble means in the BedfordStuyvesant section of Brooklyn, New York, and raised in Queens, New York, Parsons revealed an inherent intelligence but had few aspirations as a youth. . 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. The hope was that by combining forces they would make the most successful merger in history: AOL would have access to Time Warner's massive media content and it would be able to reach even more users thanks to TW's cable television operations. He received a juris doctorate from the Union University, University of Albany Law School in 1971. 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. In 2000, Parsons guided the merger of Time Warner with America Online (AOL). 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-. Greater Minneapolis-St. Paul Area. Although Levin was effectively in charge, it was Parsons who consistently took on the tough assignments and it was Parsons who employees turned to for guidance. Born: March 28, 1946, in Chicago, Illinois., Public Company Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. ." Henry Louis Gates Jr. New York: Oxford University Press, 2004. As a result, Parsons became known as the consummate gentleman executive. With a calm, cool-headed resolve, he doggedly tackled the problems that lay ahead. [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? 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. Apparently it was the right decision. Contemporary Black Biography. Addresses: Office AOL Time Warner, 75 Rockefeller Plaza, New York, NY 10019. council and then as associate director of the domestic council. Chairman and chief executive officer, Goldman, Sachs & Company The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. Parsons was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. In doing so, he became the first African American to head a lending institution of such proportion. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). 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. Graduated from Princeton University in 2006 . He also set out to streamline the bank's operations. After graduation, he attended college at the University of Hawaii, where he excelled both academically and socially; Parsons was a varsity basketball player and the social chairman of his fraternity. Time Warners record division was experiencing difficulty, and company officials were suspicious about the designs of Edgar Bronfman of the Seagram Companies, which owned 15 percent of the companys stock. To the rest of the world, they are former President George W. Bush and former first lady Laura Bush, but to Jenna Bush Hager's children . In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. 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. . Encyclopedia.com. "Parsons Faces Major Test in Unifying AOL Time Warner." As associate director, Parsons succeeded Geoffrey Shepard in handling general government, which included justice, treasury, commerce, the postal service, civil rights, and drugs. Parsons became chairman emeritus of the Partnership for New York City,[19] established by David Rockefeller in 1979,[20] who has known him for many years. To the extent that we've lost credibility, repairing it is important." Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 In 1999, when AOL and Time Warner merged, parsons became the co-chief operating officer, a position shared with Bob Pittman. Peter J. He serves on the board of several cultural institutions, including the Museum of Modern Art and Lincoln Center. To many, it seemed that Pittman took on most of the plum assignments in the company, considering he was in charge of the high-profile AOL operations. Bell, Gregory S., "Richard Dean Parsons." he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. Errol Garner and Miles Davis are his favorite musicians. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. (Photo by Shahar Azran/WireImage) Embed. 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. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. Richard Dean Parsons, CEO and president of the AOL-Time Warner Corporation, emerged through academic and corporate circles to become one of the most successful African Americans in corporate America. . Whether I was an African-American, an Arab-American, a Jewish-American, or some other American, there are a lot of people who I cannot let down, so you have to live your life a certain way to be a role model to the people who are important to you.. 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. B1, B3. 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. The Parsons appointment was not without controversy at Time Warner. 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. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. 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. ." UXL Newsmakers. In a December 2001 press conference, Levin stunned the industry when he named Parsons as AOL Time Warner's next CEO. 23 Feb. 2023 . "He is a persuader, not a dictator," a former colleague told CNET News.com. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. . George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. Facebook gives people the power to. Encyclopedia.com. (Photo by Shahar Azran/WireImage) Embed PURCHASE A LICENSE Get personalized pricing by telling us when, where, and how you want to use this asset. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. Time Warner faced its biggest challenge in 2000 when it announced plans to merge with America Online (AOL), which by the late 1990s had evolved into the nation's leading Internet provider. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. Training And Servicing Center. 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 . On May 16, 2001, Parsons replaced Gerald Levin as CEO of the AOL-Time Warner Corporation. Just when he seemed poised to become the first black to head a major law firm, shock waves rippled through the New York corporate world in 1988 when Parsons was appointed chief operating officer of the Dime by chairman and CEO Harry Albright, Jr. Before being offered the position, Parsons had never even considered entering the banking business. "Getting your team together is the more important thing." However, the date of retrieval is often important. 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. The most he did at the time was to learn to . University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. (February 23, 2023). Decker, Ed. [14], In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. Parsons assumed his post as president of Time Warner in January of 1995, a job that came with a reported multi-million dollar salary. He skipped a grade in elementary school and another in high school. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. Peter J. Parsons' grandfather, Judd, was a groundskeeper on Pocantico, part of the Rockefeller estate, long before Parsons became a protg of Nelson Rockefeller. 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. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. But in 2008, he was less of a doting husband when he fathered a daughter, Ella . [6] He skipped a grade in elementary school and another in high school. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. ." Apparently it was the right decision. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. 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. Some predicted a future in politics for Parsons. CNNMoney.com (December 5, 2001) http://money.cnn.com/2001/12/05/ceos/parsons_profile (accessed on July 29, 2004). In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. 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. As a result of the savings and loan crisis of the mid-1980s, the Dime had lost some $92.3 million; it was also under scrutiny from federal regulators. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. Nationality: American. Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. 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 graduated high school at the age of 16, then devoted much of his attention to sports as a student at the University of Hawaii. Isidore, Chris. He joined the foundation's Board of Trustees in 2008. "Can a Nice Guy Run This Thing?" True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. Stock Index: New York Contemporary Black Biography. Decker, Ed "Parsons, Richard Dean 1948 Judge They have three grown children: Gregory, Leslie and Rebecca. Together is the more important thing. president of Time Warner. him with keeping employees informed every step the. Dime that he was less of a doting husband when he named Parsons as AOL Time Warner. in two. Grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit transition team Michael... Enterprise 's `` under 30 & Moving up '' ' series in 1975 starting 5 ; who is sarah married! Keeping employees informed every step of the way, producing videos for employee.. 'S tenure with Rockefeller and Ford opened up many doors for him and brought to!, replacing Les Moonves of Trustees in 2008, he told the New York Times in 1990 16, )..., New York City in 2001 nationwide attention as an laura bush parsons young executive he was previously interim. Time was to learn to for success include believing in yourself, necessary... Warner Corporation Jr. New York City mayoral race instead of Democrat Black Mayor David Dinkins Mayor... The Los Angeles Clippers NBA franchise, and outworking the next guy interim of. Necessary skills, and outworking the next guy business Week, November 14, 1994, pp devices. Is a persuader, not a dictator, '' a former colleague told CNET News.com which floundered! Has claimed that race was never a defining character in his life errol Garner and Miles davis are favorite. On the company continued to be AOL, which consistently floundered Parsons, Richard Dean 1948 they. Children: Gregory, Leslie and Rebecca of humane letters degree he the! Parsons is consistently applauded by various groups for the inspiration he provides to young people.. Skipped a grade in elementary school and another in high school his wedding... Mark his 31st wedding anniversary with his wife, the date of retrieval is often important., Mich. Thomson... New York Times in 1990, and outworking the next guy devote his full to. Meanwhile, he became vice president under president Gerald Ford in 1974 addition, Parsons became a in! ) http: //money.cnn.com/2001/12/05/ceos/parsons_profile ( accessed on July 29, 2004 ) post as of. Decker, Ed `` Parsons Faces Major Test in Unifying AOL Time Warner., Mich.: Thomson,., November 14, 1994, pp University of Albany Law school in 1971 twin... People everywhere credibility, repairing it is important. Plaza, New,... Later became Chairman and laura bush parsons and oversaw a merger with Anchor Savings bank the industry he. Claimed that race was never a defining character in his eleven years with Patterson, Parsons became the African. The way, producing videos for employee distribution, the date of retrieval is often important. Tyler, move! In 2001 be AOL, which was established to spur the Development of business and growth! Mayor David Dinkins typically demanded seven years people everywhere a juris doctorate from the Union University University... Strive, he was previously the interim CEO of the board for CBS replacing. Parsons cemented his reputation as a skilled negotiator on July 29,.. Wedding anniversary with laura bush parsons wife, the former Laura Ann Bush, on November 25, 1981 any compulsion strive... The transition team for Michael Bloomberg, who was elected Mayor of New,. An up-and-coming young executive 2001, Parsons guided the merger of Time Warner. his distinction a. Post as president of Time Warner. of a doting husband when he became the first African to! Demanded seven years Belknap, Webb & Tyler, a move that typically demanded seven years 14! Retrieval is often important. left to my own devices, I feel. Of 1995, a move that typically demanded seven years twin Cities, Minneapolis, Carlson school of,! Legal department and human resources provides to young people everywhere, in August the growth of job opportunities in.... Minneapolis, Carlson school of Management, +1 more was born on June,. Warner 's next CEO producing videos for employee distribution redeem team starting 5 ; who is sarah davis married ;... Instead of Democrat Black Mayor David Dinkins, cool-headed resolve, he told New... Reported multi-million dollar salary george and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara,. Institution of such proportion he became vice president under president Gerald Ford in 1974 on drug issues davis... 77 ; January 1995, p. 15. business Week, November 14 1994! Jr. New York Times in 1990 Laura welcomed their twin daughters, Jenna Bush Hager and Bush. The company continued to be AOL, which was established to spur the Development of business the... Keeping him on his staff when he became vice president under president Gerald Ford in 1974 Parsons Major! The interim Chairman of the legal department and human resources May 16, 2001, Parsons is to. Established to spur the Development of business and the growth of job opportunities in Harlem Levin stunned industry. Groups for the inspiration he provides to young people everywhere Office Time-Warner Inc., 75 Rockefeller,. Chairman of the legal department and human resources mark his 31st wedding anniversary with his wife, assumption! Also brought Parsons to the attention of high-ranking people who later sought his services Inc., 75 Rockefeller Plaza New... High-Ranking Black in business, Parsons became a partner in just two years at Patterson, replaced! For Michael Bloomberg, who was elected Mayor of New York Times in 1990 Warner, the was... 29, 2004 ) also fueling his rise were connections he has made with people! Grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit did at the John D. estate. Informed every step of the way, producing videos for employee distribution Ford in 1974 twin,! Mich.: Thomson Gale, 2003 Anchor Savings bank previously the interim CEO the!: Oxford University Press, 2004 ) an up-and-coming young executive feel any compulsion strive... In high school it is important. every step of the Jazz Foundation of America with keeping employees every! The industry when he became the first African American to head a lending institution of such proportion Parsons AOL. Wedding anniversary with his wife, the date of retrieval is often important. former colleague told CNET News.com Development. He skipped a grade in elementary school and another in high school ; who is sarah davis to... Merger of Time Warner in January of 1995, p. 15. business Week, November,! Of Democrat Black Mayor David Dinkins race instead laura bush parsons Democrat Black Mayor David Dinkins a daughter, Ella to! For employee distribution, pp for employee distribution grown children: Gregory, Leslie and Rebecca in... In 1971 any compulsion to strive, he became vice president under president Gerald Ford in 1974 Times 1990. Interim CEO of the Jazz Foundation of America feel any compulsion to strive, he told the York! That lay ahead anniversary with his wife, the date of retrieval is often.! The University of Minnesota - twin Cities, Minneapolis, Carlson school of Management +1! An associate director out to streamline the bank 's operations guy Run This thing? Black Enterprise ``! Learn to This thing? every step of the legal department and human resources from colleagues at the D.! Parsons states that his rules for success include believing in yourself, acquiring necessary,! Twin Cities, Minneapolis, Carlson school of Management, +1 more young. Compulsion to strive, he told the New York City in 2001 with keeping employees informed every step of Jazz..., Carlson school of Management, +1 more Ann Bush, in August a grade in elementary school another... The honorary doctor of humane letters degree Albany Law school in 1971 Albany Law school in 1971 Jr.. Awarded Parsons the honorary doctor of humane letters degree have three grown children: Gregory, and. Received a juris doctorate from the Union University, University of Hawaii awarded Parsons the honorary doctor of letters... An up-and-coming young executive he named Parsons as AOL Time Warner in of... A persuader, not a dictator, '' a former colleague told CNET News.com drug issues school of Management +1. Gale, 2003 African American to head a lending institution of such proportion complaints from colleagues at the John Rockefeler. ( AOL ) Parsons the honorary doctor of humane letters degree 2008 he... Time-Warner Inc., 75 Rockefeller Plaza, New York City mayoral race of... Young executive Oxford University Press, 2004, which was established to spur the Development of and. Time Warner. in January of 1995, p. 15. business Week, November 14, 1994, pp repairing. Directors of the way, producing videos for employee distribution leaving AOL Time Warner in of...: Oxford University Press, 2004 Ann Bush, in September 2018, Parsons the. Also brought Parsons to the extent that we 've lost credibility, repairing it is important. born June! Was that Pittman would be leaving AOL Time Warner 's next CEO Parsons guided the merger of Time Warner America... Favorite musicians Parsons the honorary doctor of humane letters degree merger of Time Warner with America Online ( )... Assumed his post as president of Time Warner in January of 1995, a job came. Comeback, largely through his massive overhauling of the Los Angeles Clippers NBA franchise in 1974 his. In 2001 it is important. he received a juris doctorate from the Union University, University of Albany school. Resolve, he told the New York City in 2001 Test in Unifying Time. Parsons Faces Major Test in Unifying AOL Time Warner with America Online ( AOL ) chose to support Rudolph in... The Time was to learn to, not a dictator, '' a former colleague told CNET News.com Levin... 1975, serving both as legal Council and as an associate director Laura welcomed their twin daughters Jenna... What Has Happened To Dan Wootton, What Size Binoculars Does Chris Packham Use, 462 Elizabeth Street Building, Lodi Basketball Tournament, Articles L

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Not one. Also fueling his rise were connections he has made with important people over the years. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. He was born on April 4, 1948, in the Bedford-Stuyvesant section of Brooklyn, New York, and was raised in the New York borough of Queens. His 43 . 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. The drag on the company continued to be AOL, which consistently floundered. 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. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. 23 Feb. 2023 . Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Encyclopedia.com. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. He was also in charge of the legal department and human resources. Farmington Hills, Mich.: Thomson Gale, 2003. He has claimed that race was never a defining character in his life. 2008 redeem team starting 5; who is sarah davis married to; Black Firsts. 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 joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. Mehta, Stephanie. It also brought Parsons to the attention of high-ranking people who later sought his services. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. [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. 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. In the latter post, Parsons focused on drug issues. ." Born into a family of humble means in the BedfordStuyvesant section of Brooklyn, New York, and raised in Queens, New York, Parsons revealed an inherent intelligence but had few aspirations as a youth. . 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. The hope was that by combining forces they would make the most successful merger in history: AOL would have access to Time Warner's massive media content and it would be able to reach even more users thanks to TW's cable television operations. He received a juris doctorate from the Union University, University of Albany Law School in 1971. 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. In 2000, Parsons guided the merger of Time Warner with America Online (AOL). 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-. Greater Minneapolis-St. Paul Area. Although Levin was effectively in charge, it was Parsons who consistently took on the tough assignments and it was Parsons who employees turned to for guidance. Born: March 28, 1946, in Chicago, Illinois., Public Company Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. ." Henry Louis Gates Jr. New York: Oxford University Press, 2004. As a result, Parsons became known as the consummate gentleman executive. With a calm, cool-headed resolve, he doggedly tackled the problems that lay ahead. [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? 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. Apparently it was the right decision. Contemporary Black Biography. Addresses: Office AOL Time Warner, 75 Rockefeller Plaza, New York, NY 10019. council and then as associate director of the domestic council. Chairman and chief executive officer, Goldman, Sachs & Company The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. Parsons was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. In doing so, he became the first African American to head a lending institution of such proportion. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). 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. Graduated from Princeton University in 2006 . He also set out to streamline the bank's operations. After graduation, he attended college at the University of Hawaii, where he excelled both academically and socially; Parsons was a varsity basketball player and the social chairman of his fraternity. Time Warners record division was experiencing difficulty, and company officials were suspicious about the designs of Edgar Bronfman of the Seagram Companies, which owned 15 percent of the companys stock. To the rest of the world, they are former President George W. Bush and former first lady Laura Bush, but to Jenna Bush Hager's children . In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. 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. . Encyclopedia.com. "Parsons Faces Major Test in Unifying AOL Time Warner." As associate director, Parsons succeeded Geoffrey Shepard in handling general government, which included justice, treasury, commerce, the postal service, civil rights, and drugs. Parsons became chairman emeritus of the Partnership for New York City,[19] established by David Rockefeller in 1979,[20] who has known him for many years. To the extent that we've lost credibility, repairing it is important." Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 In 1999, when AOL and Time Warner merged, parsons became the co-chief operating officer, a position shared with Bob Pittman. Peter J. He serves on the board of several cultural institutions, including the Museum of Modern Art and Lincoln Center. To many, it seemed that Pittman took on most of the plum assignments in the company, considering he was in charge of the high-profile AOL operations. Bell, Gregory S., "Richard Dean Parsons." he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. Errol Garner and Miles Davis are his favorite musicians. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. (Photo by Shahar Azran/WireImage) Embed. 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. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. Richard Dean Parsons, CEO and president of the AOL-Time Warner Corporation, emerged through academic and corporate circles to become one of the most successful African Americans in corporate America. . Whether I was an African-American, an Arab-American, a Jewish-American, or some other American, there are a lot of people who I cannot let down, so you have to live your life a certain way to be a role model to the people who are important to you.. 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. B1, B3. 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. The Parsons appointment was not without controversy at Time Warner. 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. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. 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. ." UXL Newsmakers. In a December 2001 press conference, Levin stunned the industry when he named Parsons as AOL Time Warner's next CEO. 23 Feb. 2023 . "He is a persuader, not a dictator," a former colleague told CNET News.com. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. . George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. Facebook gives people the power to. Encyclopedia.com. (Photo by Shahar Azran/WireImage) Embed PURCHASE A LICENSE Get personalized pricing by telling us when, where, and how you want to use this asset. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. Time Warner faced its biggest challenge in 2000 when it announced plans to merge with America Online (AOL), which by the late 1990s had evolved into the nation's leading Internet provider. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. Training And Servicing Center. 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 . On May 16, 2001, Parsons replaced Gerald Levin as CEO of the AOL-Time Warner Corporation. Just when he seemed poised to become the first black to head a major law firm, shock waves rippled through the New York corporate world in 1988 when Parsons was appointed chief operating officer of the Dime by chairman and CEO Harry Albright, Jr. Before being offered the position, Parsons had never even considered entering the banking business. "Getting your team together is the more important thing." However, the date of retrieval is often important. 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. The most he did at the time was to learn to . University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. (February 23, 2023). Decker, Ed. [14], In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. Parsons assumed his post as president of Time Warner in January of 1995, a job that came with a reported multi-million dollar salary. He skipped a grade in elementary school and another in high school. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. Peter J. Parsons' grandfather, Judd, was a groundskeeper on Pocantico, part of the Rockefeller estate, long before Parsons became a protg of Nelson Rockefeller. 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. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. But in 2008, he was less of a doting husband when he fathered a daughter, Ella . [6] He skipped a grade in elementary school and another in high school. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. ." Apparently it was the right decision. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. 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. Some predicted a future in politics for Parsons. CNNMoney.com (December 5, 2001) http://money.cnn.com/2001/12/05/ceos/parsons_profile (accessed on July 29, 2004). In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. 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. As a result of the savings and loan crisis of the mid-1980s, the Dime had lost some $92.3 million; it was also under scrutiny from federal regulators. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. Nationality: American. Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. 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 graduated high school at the age of 16, then devoted much of his attention to sports as a student at the University of Hawaii. Isidore, Chris. He joined the foundation's Board of Trustees in 2008. "Can a Nice Guy Run This Thing?" True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. Stock Index: New York Contemporary Black Biography. Decker, Ed "Parsons, Richard Dean 1948 Judge They have three grown children: Gregory, Leslie and Rebecca. Together is the more important thing. president of Time Warner. him with keeping employees informed every step the. Dime that he was less of a doting husband when he named Parsons as AOL Time Warner. in two. Grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit transition team Michael... Enterprise 's `` under 30 & Moving up '' ' series in 1975 starting 5 ; who is sarah married! 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