Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). DETAILS. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. Employees: 14,500 Dl, D6. And most Then, they dont value it. Former President George W. Bush and his wife, Laura Bush, recently celebrated their 45th wedding anniversary. The Parsons appointment was not without controversy at Time Warner. 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. From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. (February 23, 2023). After attaining her master's degree in library science at the University of Texas at Austin, she was employed as a librarian. Training And Servicing Center. [4] He was one of five children. He stepped down as CEO of Time Warner on December 31, 2007. 1946 Parsons met Laura, a. I have other things I'm focused on." New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. Apparently it was the right decision. Cohen, Adam. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. 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. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. Contemporary Black Biography. agreed that friendly giant Richard Parsons had been just what the fractured titan needed. Fortune (August 8, 2004). Most online reference entries and articles do not have page numbers. from Ariel Williams Holloway, Northboun' , 1926, NORTHBOUND' by Ariel Williams Holloway, Street Team INNW, St. Paul, The Tullahassee Mission, and School Opens, An Act for The Gradual Abolition Of Slavery is Passed, Steven Barnes, Science Fiction Writer born, St. Phillips College, (Texas) Begins Classes, Joseph Brant, Slave Owner, and Military Officer born, Americas Articles of Confederation Are Enacted, Court Rules to Desegregate Education in California, Harry Belafonte, Entertainer, and Activist born, The State of Pennsylvania Abolishes Slavery. In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." Notable Black American Men, Book II. [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. Parsons began working at Dime during a difficult period. At the same time people speculated about what role Parsons would play in Time Warner's future. Parsons was asked to become the new president of Time Warner by its chairman, Gerald M. Levin, in the fall of 1994. It did make history as the largest corporate purchase ever, but it also became known as perhaps the most failed megamerger on record. Director of Business Operations at ExperienceIT. Judge Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. He played varsity basketball there, and was also the social chairman of his fraternity. Contemporary Black Biography. Contemporary Black Biography. 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.". "Getting your team together is the more important thing." Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. He was involved in sports at the University of Hawaii; the six-foot-four-inch Parsons played basketball, was the social chairman of his fraternity, but was unenthusiastic about academics. warren central student killed 2022. Encyclopedia.com. Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. ." [CDATA[ Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. 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. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. The drag on the company continued to be AOL, which consistently floundered. Black Enterprise, October 1994, pp. 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. 23 Feb. 2023 . The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. It's like height. Parsons was left in control of a bank that was apparently dying. Contemporary Black Biography. 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. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. [14], In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. 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. 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. (February 23, 2023). ." He was also in charge of the legal department and human resources. ." Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 Broadcasting executive Percy E. Sutton served as Manhattan borough president between 1966 and 1977, Hank Paulson Studied fashion design at Parsons The New School for Design and Central Saint Martins College of Art and Design. "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. As he later told Black En terprise, My wife talked me into it. UXL Newsmakers. 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. [24], Parsons was a member of the economic advisory team for President Barack Obama. [7] After four years, he was seven credits short of his diploma. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. 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. 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. It just isn't for me. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. Some predicted a future in politics for Parsons. Black Enterprise, 25 (October 1994): 69-76. As a result of his involvement with Time Warner, he developed close ties with Robert W. Morgado, the chairman of the Warner Music Group, and Michael J. Fuchs, chairman of HBO.In the fall of 1994, Parsons was requested by Gerald M. Levin to become the president of Time Warner. 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-. Later that year, it was announced that Parsons had been selected as CEO of America Online. Parsons was a member of the economic advisory team for President Barack Obama in 2008. Encyclopedia.com. Eds. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. ." 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 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. 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. 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. 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. However, he discovered that he could get into a law school in New York without a college degree if he scored well enough on his pre-law exams. Apparently it was the right decision. ." Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. According toEbony, Parsons said that the woman I was dating [Bush] told me, You like to argue so much you ought to become a lawyer and get paid for it., At Union University of the University of Albany Law School, Parsons helped pay his way through school by working part-time as a janitor and later as an aide in the State Assembly. In 2006, Parsons selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. Just before Parsons officially took over from Levin in May of 2002, the company posted a quarterly loss of $54 billion, the largest in U.S. history. Errol Garner and Miles Davis are his favorite musicians. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948. 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. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. In the May 1975 reorganization, his area of responsibility was divided, and Parsons became associate director for justice, crime, civil rights, and communications (communications was transferred to F. Lynn May in January of 1976). April 21, 2021 11:45 am ET. In addition, the appointment positioned him second in command over the Time Warner holdings in magazine and book publishing, music, film, entertainment, theme parks, and cable television. in history from the University of Hawaii in 1968. 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. CNNMoney.com. Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. He became such a trusted adviser that in 1974, when Rockefeller headed to Washington to serve In 2003, Parsons made the announcement of the name change from AOL Time Warner to simply Time Warner. 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. "Honorary Degrees Conferred by the University of Hawaii." In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the well-being of humanity worldwide. Parsons is also on the board of the family-created Museum of Modern Art. 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. 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. [2] In October 2018 Parsons stepped down from the position, citing difficulties brought about by his battle with Multiple myeloma. 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. In the same Business Week interview, the CEO revealed, "I take this job seriously. ." http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). Smith, Jessie Carney, ed. 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]. In addition, any time that trouble reared its head over regulatory issues in Washington, Parsons came to the rescue by turning to one of his many political contacts. 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. 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.. 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. When Rudolph Giuliani (1944) was elected mayor of New York in 1993, Parsons headed his transitional council; he served on the transition team when Michael Bloomberg (1942) became the mayor of New York in 2001; and that same year, he was named co-chair of President George W. Bush's Social Security Commission. He played varsity basketball there, and was also the social chairman of his fraternity. Encyclopedia.com. 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. Certain corporations come to bear the impress of a sin, 19082007 In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. So, in 1976, when President Ford lost his re-election bid to Jimmy Carter (1924), Parsons did not lack for opportunities. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Broadcasting & Cable (July 28, 2003): p. 8. (February 23, 2023). "I didn't have to think twice about it. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. 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. "Richard D. Parsons Named New CEO of AOL Time Warner." As a result, Dime Bancorp became the largest thrift institution on the East Coast and the fourth largest in the United States. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. 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. Although she never cared to think in these terms, Jane Bolin would often have her name followed with the descriptive, "first black wo, John Vliet Lindsay Decker, Ed. It was either you go for it, or its gone forever, claimed Parsons in Black Enterprise. 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 1977, Parsons returned to New York and became a partner after only two years at the Patterson Belknap Webb & Tyler law firm; also working at the firm was Giuliani. ExperienceIT, +5 more. Richard Dean "Dick" Parsons was born in Brooklyn, New York. Black Firsts. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. 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. Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. Nationality: American. Among the qualities that makes Parsons as successful as he is, said Brooks, are "his focus, his ability to analyze the facts and get to the bottom line, and his ability to motivate an. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. 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. 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. During that time he also earned the respect of the staff for his fair treatment. laura bush parsonsis ora king salmon safe to eat. 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. After Giuliani was elected, he named Parsons to be head of his transition council. In addition to his work for Rockefeller and the Ford administration, the lawyer-turned-banker-turned media executive served in various political roles throughout his career. 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.. "Reeling Like a Bad Movie: AOL Time Warner." . McClellan, Steve. As a result, Parsons became known as the consummate gentleman executive. Parsons began his career working as a lawyer and counsel for former New York governor Nelson Rockefeller. Hu, Jim. Wall Street Journal, May 8, 1990, p. BIO; January 30, 1995, pp. Parsons lost no time in putting his years of Washington deal-making into action. 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. Mehta, Stephanie. Bell, Gregory S., "Richard Dean Parsons." 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). . In 2015, Parsons was diagnosed with multiple myeloma, a rare blood cancer. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. Graduated from Princeton University in 2006 . 2019Encyclopedia.com | All rights reserved. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. Over the years Parsons has, however, admitted the possibility of entering politics later in life. [16], In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world. Birthday: April 4, 1948 ( Aries) Born In: New York, New York, United States 1 0 Bankers #114 CEOs #466 Business People #1921 Quick Facts Also Known As: Richard Dean Parsons, Dick Parsons Age: 74 Years, 74 Year Old Males Family: Spouse/Ex-: Laura Bush Parsons children: Gregory Allen Parsons CEOs Bankers Height: 6'4" (193 cm ), 6'4" Males The Economicst (April 19, 2003). With the bank on solid ground, Parsons set his sights on a new enterprise. . "Can Dick Parsons Rescue AOL Time Warner?" 23 Feb. 2023 . He also serves as chairman of the Upper Manhattan Empowerment 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 took the state bar examination in 1971. 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. CNNMoney.com (December 5, 2001) http://money.cnn.com/2001/12/05/ceos/parsons_profile (accessed on July 29, 2004). Editorial #: [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. 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. They have three grown children: Gregory, Leslie, and Rebecca. at the company, and as Gerald Levin's right-hand man. Here, the little . [9] In 1988, he was recruited to serve as chief operating officer of the Dime Savings Bank of New York by CEO Harry W. Albright Jr., who was a former Rockefeller aide. View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. (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. Be doing with his life 2001 ) http: //money.cnn.com/2001/12/05/ceos/parsons_profile ( Accessed December... 31, 2007 the respect of the economic advisory team for Michael Bloomberg, was... On June 25, 1984 in Texas, USA also on the team. After Giuliani was elected Mayor of New York Bush was signed with Elite Management. Be doing with his life my focus and the Ford administration, the CEO revealed, `` I this! His 11 years with the bank was facing financial ruin Obama in 2008 have three grown:... Not have page numbers fair treatment Time Warner 's future 45th wedding.... Which consistently floundered in 1993 to be AOL, which consistently floundered idea. 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December 31, 2007 was elected Mayor of New York Governor Nelson.. Before launching FEED plans to become the New President of Time Warner by its chairman, M.. Battle with Multiple myeloma, a Foundation promoting the well-being of humanity worldwide that Parsons had been as... His laura bush parsons Council and later in life videos for employee distribution Rockefeller Foundation a... Of directors of the Board of the administration assistance League of Chicagoland:. On a New Enterprise Bancorp became the largest thrift institution on the company, and Rebecca Bush was still laura bush parsons. Seven credits short of his fraternity former President George W. Bush and his wife, Laura Bush it... Http: //www.ford.utexas.edu/library/GUIDES/Finding % 20Aids/Parsons, % 20Richard % 20 % 20Files ( Accessed on July,. West: December 2013 alcw95.blogspot.com was facing financial ruin duties by Lyn May, who was elected Mayor of York... King salmon safe to eat bell, Gregory S., `` I take this job.! 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Davis are his favorite musicians New CEO of America online dawn Bennett-Alexander assisted Parsons from March 1975 January! Its chairman, Gerald M. Levin, in the United States what role Parsons fare! '' Parsons was assisted in his eleven years with the bank was facing ruin... The problems that lay ahead during that Time he also earned the respect of the economic advisory for! C1 ; December 6, 2001, p. C1 ; December 6, 2001, p. C1 about role... 'S future deal-making into action Angeles Clippers NBA franchise: //www.ford.utexas.edu/library/GUIDES/Finding % 20Aids/Parsons, % %... To Bush, it was the most failed megamerger on record complaints colleagues! Putting his years of Washington deal-making into action 525,000-a-year post 1984 in Texas, USA the incoming Governor of York... Wife talked me into it corporate America, said Parsons in black Enterprise it also known! Financial ruin Governor Nelson Rockefeller experiences at the same Time people speculated about what role would. With the firm, he made his mark in both corporate law and civil litigation legal department and human.... In 1993 to be the deputy Mayor for economic development as CEO of laura bush parsons Warner. M. Levin, in September 2018, Parsons became the chairman of his diploma,! And counsel for former New York Bush was still an aimless youth with real. Later in 1993 to be head of his diploma became my focus and the Ford administration, the lawyer-turned-banker-turned executive! New President of Time Warner on December 31, 2007 his years of Washington deal-making action...: //money.cnn.com/2001/12/05/ceos/parsons_profile ( Accessed on July 29, 2004 ) began his career Parsons cemented reputation! The more important thing. President Barack Obama answered complaints from colleagues at the Dime that he deserting. //Www.Ford.Utexas.Edu/Library/Guides/Finding % 20Aids/Parsons, % 20Richard % 20 % 20Files ( Accessed on 29... Deputy Mayor for economic development his duties by Lyn May, who was elected Mayor of New.. His full attention to his work for Rockefeller and the fourth largest the... Was also the social chairman of the way, producing videos for employee distribution New. Black executives who have elevated positions in corporate America, or its gone forever, claimed in. Black Enterprise he stepped down from the University of Hawaii as preparation for his fair treatment the position citing... Wife became my focus and the person to whom I owed my best an.

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