After Giuliani was elected, he named Parsons to be head of his transition council. UXL Newsmakers. 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. . When Robert Pittman stepped down as COO in June of 2002, Parsons quickly reorganized the company's top ranks by promoting some of Time Warner's former division chiefs. He received a juris doctorate from the Union University, University of Albany Law School in 1971. Encyclopedia.com. For example, during his Washington years, the social-minded Parsons was chairman of the Wildcat Service Corporation, an organization that provides job training for people who have difficulty finding work because of past criminal records, addictions, or poverty. 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. 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. Facebook gives people the power to. He also met a deputy attorney general, Harold R. Tyler, and one of his aides, a young Rudolph W. Giuliani, with whom he was to be closely associated supporting him in his campaign for New York mayor and heading his transitional council.[8]. 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. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. Admiration for Parsonss skills in the business world resulted in his being courted as a board member for a number of leading companies and institutions, including Time Warner Inc., Philip Morris, Tristar Pictures, Howard University, and the Metropolitan Museum of Art. 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. Nationality: American. As reported in Jet magazine, Levin commented, "I have the greatest confidence in Dick Parsons' ability to lead the company forward, coalesce its diverse interests, and work with our strategic partners to achieve our ambitious goals." Peter J. 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. 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. Encyclopedia.com. (February 23, 2023). Lloyd, Fonda Marie, and Mark Lowery. Parsons also inherited a number of problems when he assumed his new post in January of 1995. Parsons assumed his post as president of Time Warner in January of 1995, a job that came with a reported multi-million dollar salary. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. 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). She is also credited with creating a national initiative called "Ready to Read, Ready to Learn", which promotes reading at a young age. Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. He was again entering an industry that was new to him, and some doubted his qualifications. (February 23, 2023). By Scott Stump. Notable Black American Men, Book II. From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. 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. As part of his management restructure, Parsons opted to lay off almost one-third of the Dime's staff. Birthplace: Brooklyn, NY Gender: Male Race or Ethnicity: Black Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Time Warner, 2002-07 Wife: Laura Bush Parsons (three children) Mistress: MacDella Cooper (model, one daughter) Daughter: Ella (b. Aug-2008 with Cooper) Peter J. Eds. (her sister, Ashley, graduated from Kincaid in 2007). In May 2014, in the wake of the Donald Sterling racial remarks controversy, Parsons was appointed the interim CEO of the Los Angeles Clippers. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. cronin friend betty barb grand cortopassi Critical to the next chapter in the Parsons success story was his work with the Dimes Saving Bank of New York, which he provided with legal counsel for about six years while with Patterson, Belknap, Webb & Tyler. In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. laura bush parsonsis ora king salmon safe to eat. "[11] In December 2001, it was announced that Levin would retire and Parsons had been selected as his successor. Bl, B3. "Honorary Degrees Conferred by the University of Hawaii." Credit: Shahar Azran / Contributor. 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. 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. (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. During his 11 years at the firm, Parsons took on Margaretta Rockefeller, the widow of Nelson (who had died in 1979), as a high-profile client. [14], In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves. You cant give something to somebody to have, said Parsons in the same article. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 [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 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. "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. Here, the little . Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. 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. Bush, a full-time resident of the island for the past decade, is the owner of Albany Records, which produces "uncommonly classical" music by American composers; she was previously the manager of the Albany, New York, symphony. Parsons was chairman of Citigroup from 2009 until 2012. UXL Newsmakers. Not one. Also fueling his rise were connections he has made with important people over the years. In 1977 deputy attorney general Harold R. Tyler Jr. requested Parsons to come aboard at Patterson, Belknap, Webb, & Tyler where he became a partner in two years, a move that usually demands seven years. 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. 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 such a trusted adviser that in 1974, when Rockefeller headed to Washington to serve ." 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). McClellan, Steve. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. 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. This opportunity with Time Warner is a once in a lifetime one. In a December 2001 press conference, Levin stunned the industry when he named Parsons as AOL Time Warner's next CEO. 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