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. https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard, "Parsons, Richard He is a Black business executive and lawyer. https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 ." In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. They have three grown children: Gregory, Leslie, and Rebecca. Most online reference entries and articles do not have page numbers. Incorporated:l96S ." Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. He has claimed that race was never a defining character in his life. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. 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. Notable Black American Men, Book II. Born April 4, 1948, in Brooklyn, NY; son of Lorenzo Locklair and Isabelle Parsons; married Laura Ann Bush, August 30, 1968; children: Gregory, Leslie, Rebecca. The Dimes' nonperforming assets were nearly 11 percent of the total assets by year 1991 in addition to $1 billion in bad debt. Contemporary Black Biography. At the same time people speculated about what role Parsons would play in Time Warner's future. In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. agreed that friendly giant Richard Parsons had been just what the fractured titan needed. 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. 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. Its not a bad time for me to make a move. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. 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. Business executive In the same Business Week interview, the CEO revealed, "I take this job seriously. "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." In 2015, Parsons was diagnosed with multiple myeloma, a rare blood cancer. "Richard D. Parsons Named New CEO of AOL Time Warner." 2008 redeem team starting 5; who is sarah davis married to; in history from the University of Hawaii in 1968. As part of his management restructure, Parsons opted to lay off almost one-third of the Dime's staff. He serves on the board of several cultural institutions, including the Museum of Modern Art and Lincoln Center. President Ford also used his services, first as a general council and then as associate director of the domestic council. "Richard Dean Parsons." Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. 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. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. cronin friend betty barb grand cortopassi ." 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. 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. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. With a calm, cool-headed resolve, he doggedly tackled the problems that lay ahead. degree from Union University's Albany Law School in 1971. (February 23, 2023). As a result, Parsons became known as the consummate gentleman executive. While in Hawaii, he also met his future wife, Laura Bush. Richard D. Parsons, Counsel and Associate Director for Justice, Civil Rights, Drugs and Consumer Affairs: Files, 197477. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. 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. Black Enterprise, 25 (October 1994): 69-76. He also serves as chairman of the Upper Manhattan Empowerment He was again entering an industry that was new to him, and some doubted his qualifications. Dl, D6. Bianco, Anthony, and Tom Lowry. "He intellectualizes outcomes and gets people to agree with his outcomes." 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. [27], In 2015, Parsons was diagnosed with multiple myeloma, a rare form of blood cancer. In 2003, Parsons announced the name change from AOL Time Warner to Time Warner. Parsons assumed his post as president of Time Warner in January of 1995, a job that came with a reported multi-million dollar salary. In April 1976 when Kathleen Ryan left the Domestic Council, responsibility for consumer affairs was given to Parsons' office. He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. "Can Dick Parsons Rescue AOL Time Warner?" The Atlanta Journal-Constitution wrote, His designation as chief executive of the $36 billion media empire proves that African-Americans can not only perform in positions of commercial leadership but can wildly surpass all expectations. Known for his excellent mediation skills and his ability to put others at ease, Parsons told The Atlanta Journal-Constitution that he is a lunch pail manager who will display an in-the-trenches style of leadership. Advertisement. Peter J. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. DETAILS. Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. ." "I didn't have to think twice about it. I like to be with the troops.. Notable Black American Men, Book II. And, after taking over as chairman from Steve Case, who stepped down in January of 2003, Parsons went to work to repair the damage from the AOL merger. They have three grown children: Gregory, Leslie, and Rebecca. Time (December 17, 2001). [7] After four years, he was seven credits short of his diploma. The conglomerate was also saddled with significant debt. 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.. Eds. After taking on the job of chairman and chief executive officer (CEO) of the Dime in 1990, Parsons continued to set the bank on its comeback course. 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 the latter post, Parsons focused on drug issues. 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. 23 Feb. 2023 . This political stance was consistent with his rejection of the Democrats philosophy. 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. The Economicst (April 19, 2003). 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). She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. 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. 1946 . Farmington Hills, Mich.: Thomson Gale, 2003. "Can Dick Parsons Rescue AOL Time Warner?" [CDATA[ [25], On May 9, 2014, in the wake of the Donald Sterling racial remarks controversy, it was announced that Richard Parsons was appointed the interim CEO of the Los Angeles Clippers. 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. Credit: Shahar Azran / Contributor. laura bush parsonsis ora king salmon safe to eat. UXL Newsmakers. Parsons was a member of the economic advisory team for President Barack Obama in 2008. "He is a persuader, not a dictator," a former colleague told CNET News.com. Parsons graduated from the University of Hawaii and earned his J.D. Parsons began working at Dime during a difficult period. He was raised in the rough neighborhood of Jamaica, New York, a city in Queens County. Again, the business community was rocked by the news. Right after graduating in 1968, Bush wasn't doing anything concrete. Fortune (August 8, 2004). 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. Encyclopedia.com. "Parsons the Man: Public Service as Much as Private Sector Success Define AOL Time Warner's New CEO." 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. He stepped down as CEO of Time Warner on December 31, 2007. 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]. ." The drag on the company continued to be AOL, which consistently floundered. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. Encyclopedia.com. Contemporary Black Biography. He was replaced by Strauss Zelnick. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. "Parsons, Richard 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. "The Man Behind the Merger." O de wurl aint flat,An de wurl aint roun,Hits one long stripHangin up an downJes Souf an Norf;Jes Norf an Souf. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. Laura Bush petunia at President George Bushs Crawford Ranch Landler, Mark "Watch Your Back, Mr. Parsons" Business Week (14 November 1994): 38-39. 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. Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. And most "I always knew I'd rise to the top; it never occurred to me that I couldn't.". Parsons skipped two grades and graduated from high school at the age of sixteen. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). To this union three children were born (Gregory, Leslie, and Rebecca). That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. Levin, however, felt that Parsons was the right man for the job, and some business insiders were not that surprised. Addresses: Office AOL Time Warner, 75 Rockefeller Plaza, New York, NY 10019. council and then as associate director of the domestic council. 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." Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. View the profiles of people named Laura Parsons. *Richard Parsons was born on this date in 1948. Parsons remained optimistic, but he proceeded cautiously. as vice president, Parsons was invited along. 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. Decker, Ed "Parsons, Richard Dean 1948 It just isn't for me. 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). 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. However, the date of retrieval is often important. In addition, thanks to an industry-wide technology slump, AOL, which had promised big revenues, had failed to deliver. Some predicted a future in politics for Parsons. 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. He also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. Bell, Gregory S., "Richard Dean Parsons." . did desi arnaz jr have a stroke; moose tracks vs cow tracks ice cream [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. on August 30, 1968. A 2001 merger between Internet icon America Online (AOL) and Time Warner, a leader in the entertainment industry, had proven to be a failed experiment. April 20, 2021, 9:57 AM PDT / Source: TODAY. 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. He has claimed that race was never a defining character in his life. 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. A member of the board of several cultural institutions, including the Museum of Modern and! 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