In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Decker, Ed "Parsons, Richard Dean 1948 Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. 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. 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.. "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. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. Served as assistant counsel to Governor Nelson Rockefeller, Albany, NY, 197174; 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, 197577; Patterson, Belknap, Webb & Tyler (law firm), New York, NY, attorney, 197788, became partner, 1979; Dime Savings Bank of New York (became Dime Bancorp, 1995), New York, NY, chief operating officer, 198890, chairman and chief executive officer, 199095; named head of mayor-elect transition council, New York, NY, 1993; served as chairman of New York Citys Economic Development Corporation; Time Warner Inc., New York, NY, president, 1995 Member of presidential Drug Task Force; chairman, Wildcat Service Organization. Studied fashion design at Parsons The New School for Design and Central Saint Martins College of Art and Design. 23 Feb. 2023 . In 2009, he had a child with model-philanthropist MacDella Cooper due to an extra-marital affair. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. Parsons and his staff were responsible for providing advice to the president and formulating domestic policy in the areas of affirmative action, busing, civil rights, communication, consumer affairs, crime, drugs, illegal aliens, Indians, justice, postal service, Puerto Rico, privacy, regulatory reform, sex discrimination, and voting rights. In 2000, Parsons guided the merger of Time Warner with America Online (AOL). [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. 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. Errol Garner and Miles Davis are his favorite musicians. ." She has been featured on the covers of Vogue and Vanity Fair and has frequently modelled for Tommy Hilfiger, as well as for Abercrombie & Fitch and designers Gai Mattiolo and Isaac Mizrahi. "I didn't have to think twice about it. In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the well-being of humanity worldwide. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 . . As he later told Black Enterprise, My wife talked me into it. Washington Post, November 1, 1994, p. D5; December 6, 2001, p. EO1. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. This opportunity with Time Warner is a once in a lifetime one. 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. Save. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. 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. 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. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. Many doubted that he could succeed at Time Warner, which was considered to be a media giant, controlling virtually all aspects of the industry, including television (CNN, HBO, Turner Classic Movies, WB Network); film (Warner Brothers, New Line Cinema); publishing (magazines such as Time, People, and Sports Illustrated ); and music (Warner Music Group). 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. Encyclopedia.com. "Parsons Faces Major Test in Unifying AOL Time Warner." //]]>. Join Facebook to connect with Laura Parsons and others you may know. 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. In 2006, Parsons was selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. 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. 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.. Decker, Ed "Parsons, Richard Dean 1948 From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. 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. Nationality: American. But it was Parsons who oversaw the units that brought in the most revenue, including Warner Brothers, New Line Cinema, and Time Warner Trade Publishing. Parsons became a board member for Time Warner, Inc., Phillip Morris, Tristar Pictures, Harvard University, and the Metropolitan Museum of Art. 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. Parsons also had to deal with an onslaught of unhappy regulators. . He quickly became a star in the firm and in just two years was named partner. Editorial #: I know the bank is in good hands., 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. Encyclopedia.com. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. In a Black Enterprise article, he openly rejected the Democrats' philosophy of taking from one group to give to another. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. 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. Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. (February 23, 2023). DI, D6. 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. 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. "Parsons, Richard 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. He skipped a grade in elementary school and another in high school. "Parsons, Richard Parsons took on the role of co-COO, sharing the job with Robert Pittman (1953), former president of AOL. 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. Judge I exist apart from this job.". Richard D. Parsons, Counsel and Associate Director for Justice, Civil Rights, Drugs and Consumer Affairs: Files, 197477. Apparently it was the right decision. He was one of five children. . warren central student killed 2022. . In this case, Parsons was forced to tap into both sides of his personality. In September of 2003, Parsons made a surprising announcement: AOL Time Warner was undergoing a name change, and would in the future be known as simply Time Warner. Right after graduating in 1968, Bush wasn't doing anything concrete. He is a Black business executive and lawyer. University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. In addition, Parsons provided legal counsel to several major U.S. corporations, including the Dimes Savings Bank of New York, the largest savings and loan institution in the state. Time (December 17, 2001). In April 1976 when Kathleen Ryan left the Domestic Council, responsibility for consumer affairs was given to Parsons' office. "Can Dick Parsons Rescue AOL Time Warner?" Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. 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. They have three grown children. 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. lauren bush david laura miranda kerr coocoo coconut oil marries models. CNNMoney.com (December 5, 2001) http://money.cnn.com/2001/12/05/ceos/parsons_profile (accessed on July 29, 2004). 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. 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. O de wurl aint flat,An de wurl aint roun,Hits one long stripHangin up an downJes Souf an Norf;Jes Norf an Souf. After Giuliani was elected, he named Parsons to be head of his transition council. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. He was replaced by Strauss Zelnick. 2008 redeem team starting 5; who is sarah davis married to; They have three grown children: Gregory, Leslie and Rebecca. 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. At the same time people speculated about what role Parsons would play in Time Warner's future. "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. [16], In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world. 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. Certain corporations come to bear the impress of a sin, 19082007 "Richard D. Parsons Named New CEO of AOL Time Warner." CNNMoney.com. https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard, "Parsons, Richard That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. 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. newzjunky louise bartholomew nicole edward. While in Hawaii, he also met his future wife, Laura Bush. In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. Listen to article. 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. In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. Parsons remained optimistic, but he proceeded cautiously. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. on August 30, 1968. Parsons graduated from the University of Hawaii and earned his J.D. After New Mexico Governor Bill Richardson withdrew his name from consideration for the position of Secretary of Commerce in the Obama Administration, Parsons's name was floated as a possible nominee. Eds. ." In 2015, Parsons was diagnosed with multiple myeloma, a rare blood cancer. [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. He ruminates for some time before addressing the. 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. Contemporary Black Biography. 38, 39. ." Encyclopedia.com. Contemporary Black Biography. [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. Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. 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. Ed Decker and Christine Miner Minderovic. In the same Business Week interview, the CEO revealed, "I take this job seriously. Parsons met Laura, a. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official Business Week Online.http://www.buisnessweek.com/magazine/content/03_20/b3833001_m2001.htm (Accessed 2 December 2005). UXL Newsmakers. Laura Bush Remembers the First Time She Met George and When He Proposed "I knew George was going to ask," the former first lady told The Wall Street Journal. 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. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Some predicted a future in politics for Parsons. Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. 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. Isidore, Chris. Mayor Giuliani later asked Parsons to become his Deputy mayor for Economic Development. "He is a persuader, not a dictator," a former colleague told CNET News.com. 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) ." In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. Over the years Parsons has, however, admitted the possibility of entering politics later in life. Facebook gives people the power to. [6] He skipped a grade in elementary school and another in high school. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. Richard Dean Parsons (born April 4, 1948), an American business executive, is the former chairman of Citigroup and the former chairman and CEO of Time Warner. Most online reference entries and articles do not have page numbers. 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. 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. Newsweek (January 24, 2000): p. 36. With a calm, cool-headed resolve, he doggedly tackled the problems that lay ahead. 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. 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. Black Enterprise, October 1994, pp. Parson changed his attitude dramatically (from negative to positive) and reached a turning point when he met and later married Laura Ann Bush, a child psychologist, (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. President Ford also used his services, first as a general council and then as associate director of the domestic council. He has claimed that race was never a defining character in his life. . In addition, thanks to an industry-wide technology slump, AOL, which had promised big revenues, had failed to deliver. 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