Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. ." After Giuliani was elected, he named Parsons to be head of his transition council. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. Decker, Ed "Parsons, Richard Dean 1948 The 'Laura Bush' Petunia was immediately submitted to extensive field testing in four regions of the state. In April 1976 when Kathleen Ryan left the Domestic Council, responsibility for consumer affairs was given to Parsons' office. In his spare time he enjoys shooting pool and listening to music. Parsons remained optimistic, but he proceeded cautiously. Standing at 6 feet 4 inches, with broad shoulders, he is a physically impressive man who could fill any boardroom. Parsons was left in control of a bank that was apparently dying. ." Many, however, questioned the appointment since Parsons had no real experience in the banking industry. 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. Just twenty-three years old, and fresh out of law school, Parsons landed a job as an aide on the legal staff of Nelson Rockefeller (19081979), the governor of New York. Parsons also inherited a number of problems when he assumed his new post in January of 1995. Editorial #: Parsons lost no time in putting his years of Washington deal-making into action. (February 23, 2023). 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. 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. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official Lloyd, Fonda Marie, and Mark Lowery. [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. "Parsons, Richard 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. 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. *Richard Parsons was born on this date in 1948. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. By Scott Stump. This opportunity with Time Warner is a once in a lifetime one. Employees: 14,500 He was also in charge of the legal department and human resources. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. In 2004, he was awarded the Better Chance Corporate Award, an annual honor bestowed by the organization A Better Chance, which, according to Hispanic PRWire, "identifies, recruits, and develops leaders among academically gifted students of color." X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. In 2009, he had a child with model-philanthropist MacDella Cooper due to an extra-marital affair. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. on August 30, 1968. He joined the foundation's Board of Trustees in 2008. Addresses: Office AOL Time Warner, 75 Rockefeller Plaza, New York, NY 10019. council and then as associate director of the domestic council. "Richard D. Parsons Named New CEO of AOL Time Warner." In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. Under President Gerald Ford, Parsons became a senior White House aide and served as a general counsel and an associate director of the Domestic Council. Over the years Parsons has, however, admitted the possibility of entering politics later in life. (September 18, 2003) http://money.cnn.com/2003/09/18/technology/aol_name (accessed on July 31, 2004). Jet (December 24, 2001): p. 6. In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. 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. Parsons was urged by Harry Albright Jr. to become the chief operating officer of the Dime Savings Bank in 1988 with a salary of $525,000 annually. Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. 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. 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. This political stance was consistent with his rejection of the Democrats philosophy. As he told Cohen, "Ideally, you want to underpromise and overdeliver. [17][18], From the early 1980s through much of the 1990s, Parsons owned a house near the Rockefeller family estate in Pocantico Hills (see Kykuit), where his grandfather was once a groundskeeper. It did make history as the largest corporate purchase ever, but it also became known as perhaps the most failed megamerger on record. (February 23, 2023). Contemporary Black Biography. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." He was born on April 4, 1948, in the Bedford-Stuyvesant section of Brooklyn, New York, and was raised in the New York borough of Queens. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. Parsons was named CEO for AOL Time Warner. 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. "[11] In December 2001, it was announced that Levin would retire and Parsons had been selected as his successor. 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. In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." He is a Black business executive and lawyer. After four years, he discovered that he could get into a law school in New York if he scored well enough on his pre-law exams. 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. Join Facebook to connect with Laura Parsons and others you may know. 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. Not one. Also fueling his rise were connections he has made with important people over the years. 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. Business Week Online.http://www.buisnessweek.com/magazine/content/03_20/b3833001_m2001.htm (Accessed 2 December 2005). 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. Mayor Giuliani later asked Parsons to become his deputy mayor for Economic Development. During that time he also earned the respect of the staff for his fair treatment. While in Hawaii, he also met his future wife, Laura Bush. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. CNNMoney.com. You cant give something to somebody to have, said Parsons in the same article. "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. [22] Parsons, however, repeatedly denied the reports,[23] supported Mayor Bloomberg's efforts to repeal the term limits law, and supported Bloomberg for a third term in office. Niece of George W. Bush, Laura Bush, Doro Bush, Marvin Bush and Jeb . Atlanta Journal-Constitution, January 22, 2002, C3. However, the date of retrieval is often important. He has claimed that race was never a defining character in his life. Here, the little . As a result, Dime Bancorp became the largest thrift institution on the East Coast and the fourth largest in the United States. I exist apart from this job.". window.__mirage2 = {petok:"Olb1PN4AOYQxfgUm1EldB37uVPcj4uBa8eBE3X8k2lQ-86400-0"}; 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. 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-. Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. He became the first African American male to manage a financial institution of Dime's size and reduce the bank's debt from $1 billion to $335 million. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). Broadcasting & Cable (July 28, 2003): p. 8. His tactics paid off, and in just a few years, Parsons had reduced the amount of the Dime's bad debts from $1 billion to $335 million. [5] Growing up in the Bedford-Stuyvesant area of Brooklyn, Parsons's father, Lorenzo Locklair Parsons, was an electrical technician and his mother, Isabelle (ne Judd) was a homemaker. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/general/culture-magazines/parsons-richard. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. 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. While in Hawaii, he also met his future wife, Laura Bush. 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. Some predicted a future in politics for Parsons. O de wurl aint flat,An de wurl aint roun,Hits one long stripHangin up an downJes Souf an Norf;Jes Norf an Souf. Then, they dont value it. 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. 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. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. . Contemporary Black Biography. as vice president, Parsons was invited along. Three years later, in 1991, on the recommendation of Nelson's brother Laurance Rockefeller to the then CEO Steve Ross, Parsons was invited to join Time Warner's board; he subsequently became president of the company in 1995, recruited by chief executive Gerald Levin. He ruminates for some time before addressing the. Training And Servicing Center. Growing up in the Bedford-Stuyvesant area of Brooklyn, Parsons's father, Lorenzo Locklair Parsons, was an electrical technician and his mother, Isabelle (ne Judd), was a homemaker. [7] After four years, he was seven credits short of his diploma. Bl, B3. 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. As one AOL shareholder told Business Week, "Dick is the right guy to be running the company right now." She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. Time (December 17, 2001). newzjunky louise bartholomew nicole edward. 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 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. CNET News.com (April 3, 2002) http://news.com.com/2009-1023-873910.html (accessed on July 29, 2004). He stepped down as CEO of Time Warner on December 31, 2007. The Economicst (April 19, 2003). He was replaced by Strauss Zelnick. Parsons's tenure with Rockefeller and Ford opened up many doors for him and brought him to nationwide attention as an up-and-coming young executive. degree from Union University's Albany Law School in 1971. Listen to article. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. Parsons assumed his post as president of Time Warner in January of 1995, a job that came with a reported multi-million dollar salary. He skipped a grade in elementary school and another in high school. In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. Parsons' grandfather, Judd, was a groundskeeper on Pocantico, part of the Rockefeller estate, long before Parsons became a protg of Nelson Rockefeller. 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. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. It was a drastic move, but he also kept communications open with his employees every step of the way. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Over the years Parsons has, however, admitted the possibility of entering politics later in life. 23 Feb. 2023 . 11. ." Decker, Ed "Parsons, Richard Dean 1948 Washington Post, November 1, 1994, p. D5. President Ford also used his services, first as a general council and then as associate director of the domestic council. The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. (February 23, 2023). (February 23, 2023). Financial Times, December 8, 2001, p. 13. "The Man Behind the Merger." Although Richard Dean Parsons regularly makes Fortune magazine's annual list of the most powerful people in business, and he is considered to be one of the most respected African American executives in the country, he came from an average working-class background. 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. (her sister, Ashley, graduated from Kincaid in 2007). 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. He played varsity basketball there, and was also the social chairman of his fraternity. https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948, Decker, Ed "Parsons, Richard Dean 1948 Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. Business executive In doing so, he became the first African American to head a lending institution of such proportion. [6] He skipped a grade in elementary school and another in high school. 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. View the profiles of people named Laura Parsons. https://www.encyclopedia.com/general/culture-magazines/parsons-richard, "Parsons, Richard 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. ", 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. In the same Business Week interview, the CEO revealed, "I take this job seriously. 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. 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.. They have three grown children. 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. Mehta, Stephanie. Encyclopedia.com. Encyclopedia.com. He also serves as chairman of the Upper Manhattan Empowerment at the company, and as Gerald Levin's right-hand man. In the latter post, Parsons focused on drug issues. On May 16, 2001, Parsons replaced Gerald Levin as CEO of the AOL-Time Warner Corporation. CNNMoney.com (December 5, 2001) http://money.cnn.com/2001/12/05/ceos/parsons_profile (accessed on July 29, 2004). 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 also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. In 2000, Parsons guided the merger of Time Warner with America Online (AOL). 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. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. [26], In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. [27][28][29] Being of Liberian ethnicity, Cooper founded the MacDella Cooper Foundation in 2004 to help orphans and abandoned children in Liberia following the Second Liberian Civil War. Nationality: American. 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. Parsons began his career as a member of New York governor Nelson Rockefeller's legal staff where he served when Rockefeller became vice president of the United States under President Gerald Ford in 1974. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. 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 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. Chairman and chief executive officer, Goldman, Sachs & Company Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. . As he once told the New York Times, as reported by CNNMoney.com, "For a lot of people race is a defining issue. Therefore, its best to use Encyclopedia.com citations as a starting point before checking the style against your school or publications requirements and the most-recent information available at these sites: http://www.chicagomanualofstyle.org/tools_citationguide.html. "He intellectualizes outcomes and gets people to agree with his outcomes." Though he went into remission after Stem-cell therapy, complications in 2018 caused him to step down from his role as Interim Chairman of the Board of CBS. As he later told Black Enterprise, My wife talked me into it. An article in Business Week Online stated that after accepting the Time Warner presidency, "Parsons gradually made himself indispensable to Time Warner by taking on tough assignments that the increasingly insular Levin could not do himself." By the mid-2000s, however, analysts reported that Time Warner was on a definite upswing: employee morale was high, investors were newly confident, and the monstrous debt had been significantly slashed. "Parsons, Richard It also brought Parsons to the attention of high-ranking people who later sought his services. Parsons, however, was an extremely bright young man, who went on to graduate from high school when he was just sixteen years old. 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. Peter J. Landler, Mark "Watch Your Back, Mr. Parsons" Business Week (14 November 1994): 38-39. Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. Parsons graduated from the University of Hawaii and earned his J.D. 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, 23 Feb. 2023 . Of 1995, a job that came with a reported multi-million dollar salary, Doro,! On this date in 1948 state bar examination the ever-expanding Internet pipeline the Democrats philosophy `` is! 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