Richard Dean "Dick" Parsons (born April 4, 1948), an American business executive, is a former chairman of Citigroup and former chairman and CEO of Time Warner. He resigned as Time Warner CEO on December 31, 2007. He was previously the interim CEO of the Los Angeles Clippers NBA franchise.
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Parsons was born to an African-American family in Brooklyn, New York, on April 4, 1948. He was one of five children. Her maternal grandfather was the head guard at Kykuit. Growing up in the Bedford-Stuyvesant area of ​​Brooklyn, Parsons' father, Lorenzo Locklair Parsons, was an electrician and his mother, Isabelle (nÃÆ' Â © e Judd) was a housewife. He missed a class in elementary school and another in high school. He then attended the University of Hawaii at Manoa, where at 6'4 "tall he may have played university basketball After four years, he had seven credits of diploma shortcomings, but he found that he could enter law school in New York without a degree scholar if he got a good enough score in his pre-law exam, Parsons was accepted by Albany Law School, where he earned his Juris Doctor degree in 1971, ending at the top of his class.
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Careers
In 1971, Parsons served an apprenticeship in the State Legislature of New York, where he was invited to work as a lawyer for New York Governor Nelson Rockefeller's staff. 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. He also met with a deputy attorney general, Harold R. Tyler, and one of his aides, a young Rudolph W. Giuliani, with whom he must be in close contact - supporting him in his campaign for the mayor of New York and towards his transitional council.
In 1977, Parsons returned to New York and became a partner after just two years at Patterson Belknap Webb & amp; Tyler's law firm; also works in that bureau is Giuliani. For 11 years in the company Parsons took Happy Rockefeller, Nelson's widow (who had died in 1979) as a high profile client. In 1988, he was recruited to serve as chief operating officer of Dime Savings Bank of New York by CEO Harry W. Albright Jr., who was a former Rockefeller aide. Parsons later became Chairman and CEO and oversaw the merger with Anchor Savings Bank, earning a substantial amount when Dime Bank was demutualized.
Three years later, in 1991, on the recommendation of Nelson's brother, Laurance Rockefeller, to CEO Steven Ross, Parsons was invited to join the council of Time Warner; he later became president of the company in 1995, recruited by Gerald Levin. He helped negotiate corporate mergers with America Online in 2000, creating a $ 165 billion media conglomerate.
In December 2001, it was announced that chief executive Gerald Levin would retire and Parsons was chosen as his successor. The announcement surprised many media observers who were expecting chief operating officer Robert Pittman to take over the wheel. In 2003, Parsons made the announcement of the change of name from AOL Time Warner to Time Warner.
Parsons became chairman of Citigroup on February 23, 2009. He was chairman of the Advisors Advisors Advisors Council, a chief adviser firm run by Marc Feigen.
Causes of humanity
In 2007, Parsons became chairman of the board of directors of the American Jazz Foundation. He has worked with the foundation to save homes and lives of old American jazz and blues musicians, including Hurricane Katrina survivors, such as Fats Domino.
In June 2016, Parsons was appointed Chairman of the Rockefeller Foundation Board, a foundation that promotes the well-being of mankind worldwide. He joined the Foundation's Supervisory Board in 2008.
A prominent connection
From the early 1980s to the 1990s, Parsons owned a home near the Rockefeller family estate in Pocantico Hills (see Kykuit), where his grandfather had been a park keeper. For a short time he worked for Nelson in the family office, "Room 5600", at Rockefeller Center.
Parsons became chairman emeritus Partnership for New York City, founded by David Rockefeller in 1979, who has known him for years. He became an advisor to the family's main philanthropy, the Rockefeller Brothers Fund, and he sat with David Rockefeller on the board of the World Trade Center Memorial Foundation. Parsons also in the family council created Museum of Modern Art.
In 2001, US President George W. Bush selected Parsons to lead a commission on Social Security. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. In 2006, Parsons was selected to jointly lead the transition team for the arrival of New York Governor Eliot Spitzer.
In August 2006, an article in New York Magazine reported that Parsons is likely to run for Mayor of New York City in the mayoral election of New York 2009. Parsons, however, repeatedly denied the report, endorsing Mayor Bloomberg's efforts to lift legal limitations, and support Bloomberg for a third term in office.
Parsons is a member of the economic advisory team for President Barack Obama. He met the elected President on Friday, November 7, 2008, along with many other economists, to discuss steps to resolve the current economic crisis. After New Mexico Governor Bill Richardson withdrew his name from consideration for the position of Secretary of Commerce in the Obama Administration, the name Parsons was shown as a possible candidate.
On May 9, 2014, following the Donald Sterling race controversy, it was announced that Richard Parsons was appointed as the interim CEO of the Los Angeles Clippers.
Personal life
In 1968, he married Laura Ann Bush, a community activist with a doctorate in child psychology, whom he met at the University of Hawaii. They have three grown children: Gregory, Leslie, and Rebecca.
In 2009, he had a child with the philanthropic model MacDella Cooper as a result of extra-marital marriage. Being a Liberian ethnic, Cooper founded the MacDella Cooper Foundation in 2004 to help orphaned and abandoned children in Liberia after the Second Liberian Civil War.
See also
- Time Warner
- Rockefeller Center
- Nelson Rockefeller
- David Rockefeller
- The Rockefeller Family
References
External links
- Richard D. Parsons, biography on Time Warner's corporate website
- Richard Parsons Biography in The World Biography Encyclopedia
Source of the article : Wikipedia
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