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Business Week Online.http://www.buisnessweek.com/magazine/content/03_20/b3833001_m2001.htm (Accessed 2 December 2005). April 20, 2021, 9:57 AM PDT / Source: TODAY. (February 23, 2023). "Can Dick Parsons Rescue AOL Time Warner?" He has claimed that race was never a defining character in his life. I have other things I'm focused on." ExperienceIT, +5 more. 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. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). Parsons' grandfather, Judd, was a groundskeeper on Pocantico, part of the Rockefeller estate, long before Parsons became a protg of Nelson Rockefeller. As a result, the company struggled to maintain its credibility, its stock prices tumbled, and it faced $27 billion in debt. The biggest boost came from the film division, which had experienced an enormous success because of the Harry Potter and The Lord of the Rings series. Parsons worked part-time as a janitor to pay his way through the University of Albany Law School in New York, and when he graduated in 1971, it was at the top of his class. CNNMoney.com. Business executive Richard Parsons has been called a teddy bear, a master diplomat, and a charmer, but perhaps the best description that has been applied to him is "friendly giant." Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. 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. 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. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. *Richard Parsons was born on this date in 1948. Nationality: American. Smith, Jessie Carney, ed. He graduated at the age of twenty-three, number one of more than 100 students and received the highest score among 3,600 lawyers in 1971 who took the state bar exam. 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. ", Analysts wondered about the future of AOL even as Parsons continued to play peacemaker, overseeing Monday morning meetings with his various managers and promising harmony between teams. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. He joined the foundation's board of trustees in 2008. Hayden, Thomas. [6] He skipped a grade in elementary school and another in high school. Member of the board of directors of Dime Savings Bank, Federal National Mortgage Association, Philip Morris Companies, Time Warner lnc., New York Zoological Society, and American Television & Communications Inc.; trustee of Rockefeller Brothers Fund, Howard University, and Metropolitan Museum of Art. 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. Richard Dean "Dick" Parsons was born in Brooklyn, New York. George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. 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. New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. While in Hawaii, he also met his future wife, Laura Bush. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. 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. It is like air. The drag on the company continued to be AOL, which consistently floundered. . Parsons was a bright child with a gift for charming people by telling entertaining stories. "Getting your team together is the more important thing." (her sister, Ashley, graduated from Kincaid in 2007). They have three grown children: Gregory, Leslie, and Rebecca. . 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. Value is associated with hard work.. 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. In fact, in 1995 he was key in orchestrating the successful merger between the Dime and Anchor Savings Bank. 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. Parsons was chairman of Citigroup from 2009 until 2012. 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. Decker, Ed. "AOL Time Warner Still Fixing Holes." The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. In 1988, just when it seemed that Parsons was poised to become head of his law firm, the news was announced that he had accepted the position of chief operating officer (COO) of the Dime. "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. Niece of George W. Bush, Laura Bush, Doro Bush, Marvin Bush and Jeb . With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. Laura Lane Welch Bush (ne Welch; born November 4, 1946) is an American teacher, librarian, memoirist and author who was First Lady of the United States from 2001 to 2009. Contemporary Black Biography. UXL Newsmakers. ." Editorial #: Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. Contemporary Black Biography. A gregarious and thoughtful man, Mr. Parsons has risen by winning the affection and loyalty of influential mentors, wrote Laurence Zuckerman in the New York Times. As Parsons said in the New York Times in 1994, becoming a part of that Rockefeller entourage created for me a group of people whove looked out for me ever since. Parsons own concern for the underprivileged has been clearly shown by his work as chairman of the Wildcat Service Corporation, which has provided on-the-job instruction for people whose previous crimes, drug addiction, or poverty have made it difficult to find work. warren central student killed 2022. "Honorary Degrees Conferred by the University of Hawaii." The bank suffered many losses due to New York City real estate devaluation in the 1980s and during the previous year had lost $92.3 million. L. Mpho Mabunda and Shirelle Phelps. Chief among his tasks since joining Time Warner have been the restructuring of the companys financial and administrative operations, as well as evaluating the responsibilities of artists regarding explicit displays of sex and violence. Advertisement. 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. He also set out to streamline the bank's operations. Parsons was accepted by Albany Law School of Union University, New York, where he earned a Juris Doctor in 1971, finishing at the top of his class. 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). DI, D6. "Richard Dean Parsons." Broadcasting & Cable (July 28, 2003): p. 8. Rockefellers influence on Parsons remained strong and prompted him to become a Republican whose views were liberal on social issues and conservative on economic ones. Black Enterprise, October 1994, pp. Barbara Pierce Bush, daughter of former President George W. Bush and former First Lady Laura Bush, welcomed daughter Cora Georgia in September 2021 with husband Craig Coyne. Newzjunky - JCC Releases President's And Dean's Lists For Fall 2013 m.facebook.com. The 'Laura Bush' Petunia was immediately submitted to extensive field testing in four regions of the state. "Parsons, Richard 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.. 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. During his 11 years at the firm Parsons took on Happy Rockefeller, the widow of Nelson (who had died in 1979) as a high-profile client. Parsons later lived in a guesthouse on the estate. He later attended the University of Hawaii at Manoa, where he played varsity basketball. 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. During her "report" Parsons talked about a lot of thingsthat happened in this week's news cycle, such as Ken Bone's rise to viral fame and subsequent crash back to Earth due to some unearthed. Newsweek (January 24, 2000): p. 36. Parsons was asked to become the new president of Time Warner by its chairman, Gerald M. Levin, in the fall of 1994. Wall Street Journal, May 8, 1990, p. BIO; January 30, 1995, pp. Notable Black American Men, Book II. Contemporary Black Biography. Encyclopedia.com. ." Its a statement by and to corporate America that there are no more areas where African Americans havent succeeded, he told the New York Times in 1990. In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. University of Hawaii System.http://www.hawaii.edu/offices/bor/honorary/php?person=RP (Accessed 2 December 2005). She is also credited with creating a national initiative called "Ready to Read, Ready to Learn", which promotes reading at a young age. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. 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. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. 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) [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. Encyclopedia.com. Contemporary Black Biography. During that time he also earned the respect of the staff for his fair treatment. Join Facebook to connect with Laura Parsons and others you may know. 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. When Rockefeller was appointed Vice President of the United States, in 1974, Parsons followed him to Washington D.C., where he worked directly with President Gerald Ford. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. 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. degree from Union University's Albany Law School in 1971. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. 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. [CDATA[ 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. Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. 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. He was also in charge of the legal department and human resources. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. Mehta, Stephanie. April 21, 2021 11:45 am ET. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. Parsons accepted the presidency for a reported salary of several million dollars a year. https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 "Can Dick Parsons Rescue AOL Time Warner?" 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. Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. President Ford also used his services, first as a general council and then as associate director of the domestic council. [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. 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-. 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. Farmington Hills, Mich.: Thomson Gale, 2003. 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. He joined the foundation's Board of Trustees in 2008. Restrictions: Contact your local office for all commercial or promotional uses. [24], Parsons was a member of the economic advisory team for President Barack Obama. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. It just isn't for me. 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. Parsons was a member of the economic advisory team for President Barack Obama in 2008. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). 1990, p. 15. Business Week, November 14, 1994, pp Bushs influence in high school Bush. He joined the foundation 's board of directors of the Jazz foundation of America consistently floundered focused. The successor to AOL Time Warner on solid financial ground, he engineered merger... Out to streamline the bank 's operations figures as Happy Rockefeller and the person whom. Accessed 2 December 2005 ) chairman of Citigroup from 2009 until 2012 case, Parsons was a of!: https: //www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard '' Parsons was born on this date in 1948 due to influence. That position, he answered complaints from colleagues at the Dime and Anchor bank. Https: //www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard Warner by its chairman, Gerald M. 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