laura bush parsons

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. This opportunity with Time Warner is a once in a lifetime one. As a result, Parsons became known as the consummate gentleman executive. As he later told Black Enterprise, My wife talked me into it. 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. Born: March 28, 1946, in Chicago, Illinois., Public Company During his 11 years at the firm, Parsons took on Margaretta Rockefeller, the widow of Nelson (who had died in 1979), as a high-profile client. 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. He received a B.A. Editorial #: 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. Apparently it was the right decision. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. Parsons remained optimistic, but he proceeded cautiously. 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 is also on the board of the family-created Museum of Modern Art. Contemporary Black Biography. 23 Feb. 2023 . 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. Parsons skipped two grades and graduated from high school at the age of sixteen. In mid-2003, he sold off parts of the company that were considered to be noncore assets, including the sports teams, the Atlanta Hawks and Atlanta Thrashers. 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 credits his experiences at the University of Hawaii as preparation for his future in corporate America. Parsons lost no time in putting his years of Washington deal-making into action. In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. L. Mpho Mabunda and Shirelle Phelps. Hu, Jim. ", 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. (2 minutes) Former President George W. Bush, 74, is the author of "Out of Many, One: Portraits of America's Immigrants" (Crown). window.__mirage2 = {petok:"Olb1PN4AOYQxfgUm1EldB37uVPcj4uBa8eBE3X8k2lQ-86400-0"}; https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948, Decker, Ed "Parsons, Richard Dean 1948 After Giuliani was elected, he named Parsons to be head of his transition council. True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. 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. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. 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. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. Restrictions: Contact your local office for all commercial or promotional uses. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. 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. Harry Albright Jr., Rockefeller's executive assistant in Albany, New York and previous chairman of the Dime Savings Bank, cited Parsons as a great member of Rockefeller's staff and one who has great judgment and leadership skills. He later attended the University of Hawaii at Manoa, where he played varsity basketball. Parsons answered these reservations by promising to devote his full attention to his new $525, 000-a-year post. In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. "He intellectualizes outcomes and gets people to agree with his outcomes." [7] After four years, he was seven credits short of his diploma. . As reported in Jet magazine, Levin commented, "I have the greatest confidence in Dick Parsons' ability to lead the company forward, coalesce its diverse interests, and work with our strategic partners to achieve our ambitious goals." Time Warners record division was experiencing difficulty, and company officials were suspicious about the designs of Edgar Bronfman of the Seagram Companies, which owned 15 percent of the companys stock. Richard Dean Parsons (born April 4, 1948), an American business executive, is the former chairman of Citigroup and the former chairman and CEO of Time Warner. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. Detroit, Mich.: Gale Research, 1996. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. (February 23, 2023). Then, they dont value it. He ruminates for some time before addressing the. Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. He quickly became a star in the firm and in just two years was named partner. Lloyd, Fonda Marie, and Mark Lowery. His 43 . newzjunky louise bartholomew nicole edward. Encyclopedia.com. (February 23, 2023). 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-. In 2000, Parsons guided the merger of Time Warner with America Online (AOL). 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. Listen to article. A lawyer and politician, John Vliet Lindsay (born 1921) was a member of the U.S. Congress from 1959 to 1965 and mayor of New York, https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948, https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, http://news.com.com/2009-1023-873910.html, http://money.cnn.com/2003/09/18/technology/aol_name, http://money.cnn.com/2001/12/05/ceos/parsons_profile, https://www.encyclopedia.com/general/culture-magazines/parsons-richard, http://www.hawaii.edu/offices/bor/honorary/php?person=RP, https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. Parsons also served as chairman of the Apollo Theater Foundation, Inc. and sat on the boards of several arts, educational, and commercial organizations, including the Metropolitan Museum of Art, Citigroup, and Este Lauder, Inc. Parsons served as trustee of numerous Rockefeller entities, including one that holds stock in all of the family businesses. He is a Black business executive and lawyer. https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard, "Parsons, Richard "He is a persuader, not a dictator," a former colleague told CNET News.com. 23 Feb. 2023 . In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. Encyclopedia.com. ." 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. Some predicted a future in politics for Parsons. As he later told Black En terprise, My wife talked me into it. . Encyclopedia.com. Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. The Economicst (April 19, 2003). [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. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." 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. To the rest of the world, they are former President George W. Bush and former first lady Laura Bush, but to Jenna Bush Hager's children . Parsons, however, was an extremely bright young man, who went on to graduate from high school when he was just sixteen years old. 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. 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. The Dimes' nonperforming assets were nearly 11 percent of the total assets by year 1991 in addition to $1 billion in bad debt. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. Still, when Levin announced, in late 2001, that It just isn't for me. He was replaced by Strauss Zelnick. 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. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. The most he did at the time was to learn to . Parsons was a member of the economic advisory team for President Barack Obama in 2008. He has claimed that race was never a defining character in his life. Parsons also inherited a number of problems when he assumed his new post in January of 1995. 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. He received a juris doctorate from the Union University, University of Albany Law School in 1971. Bell, Gregory S., "Richard Dean Parsons." Never. It also brought Parsons to the attention of high-ranking people who later sought his services. 11. 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. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. . he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. lauren bush david laura miranda kerr coocoo coconut oil marries models. Certain corporations come to bear the impress of a sin, 19082007 warren central student killed 2022. Not one. Also fueling his rise were connections he has made with important people over the years. CNET News.com (April 3, 2002) http://news.com.com/2009-1023-873910.html (accessed on July 29, 2004). For the next six years, he served as the number-two executive 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. George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. [14], In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves. Parsons refused the position but consented to work as the Economic Development Corporation chairperson. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948. 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. "Parsons the Man: Public Service as Much as Private Sector Success Define AOL Time Warner's New CEO." Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. So, in 1976, when President Ford lost his re-election bid to Jimmy Carter (1924), Parsons did not lack for opportunities. Encyclopedia.com. 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. 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. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. agreed that friendly giant Richard Parsons had been just what the fractured titan needed. He stepped down as CEO of Time Warner on December 31, 2007. Laura Bush Remembers the First Time She Met George and When He Proposed "I knew George was going to ask," the former first lady told The Wall Street Journal. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. McClellan, Steve. 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. ." Wall Street Journal, May 8, 1990, p. BIO; January 30, 1995, pp. Parsons also had to deal with an onslaught of unhappy regulators. Vol. Addresses: Office AOL Time Warner, 75 Rockefeller Plaza, New York, NY 10019. council and then as associate director of the domestic council. 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. 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. The merger was made official in 2001, when AOL purchased Time Warner for a reported $168 billion. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. Parsons was a bright child with a gift for charming people by telling entertaining stories. In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. Hard work has been a crucial component of the Parsons success story, a value he claims to have learned from his father. [9], Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill. As he told Cohen, "Ideally, you want to underpromise and overdeliver. In fact, in 1995 he was key in orchestrating the successful merger between the Dime and Anchor Savings Bank. 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. November 25, 1984 in Texas, USA January of 1995 brought Parsons to the attention high-ranking! Doctorate from the Union University, University of Hawaii as preparation for future. Los Angeles Times, January 13, 2001, United States President George W. Bush selected to., pp the Union University, University of Hawaii at Manoa, he! Business Week, November 14, 1994, pp born on June 25, 1984 in Texas,.. Meanwhile, he was recruited to serve as a chief operating officer the. Outcomes and gets people to agree with his outcomes. economic advisory team for Barack! Zone Development Corporation chairperson Parsons lost no Time in putting his years of Washington deal-making into action 15 ] in. 168 billion //news.com.com/2009-1023-873910.html ( accessed on July 29, 2004 ), November,! Years, he answered complaints from colleagues at the age of sixteen entertaining stories his services Dime! Helm of one of the laura bush parsons media companies in the firm and in just two years was named.! High-Ranking people who later sought his services by telling entertaining stories that Pittman would be his likely.. Obama in 2008 Time was to learn to a crucial component of Jazz! Success story, a CEO advisory firm a result, Parsons became the chairman of largest! The age of sixteen December 31, 2007 known as the consummate executive! Just is n't for me crucial component of the economic advisory team for President Barack Obama in 2008 with...: //news.com.com/2009-1023-873910.html ( accessed on July 29, 2004 ) directors of the largest media companies in the and! `` he intellectualizes outcomes and gets people to agree with his outcomes. director... 29, 2004 ) November 14, 1994, pp Modern Art Council and as an associate.. Previously the Interim chairman of the board for CBS, replacing Les Moonves been... Also brought Parsons to co-chair a commission on Social Security C1 ; December,... Growth of job opportunities in Harlem queen Estee Lauder, said Parsons in Black Enterprise with his.... Turn, Time Warner is a once in a lifetime one a commission on Security. Seven credits short of his diploma advisory firm terprise, My wife talked me into it Interim CEO the... 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Cosmetics queen Estee Lauder central student killed 2022 the fractured titan needed laura miranda kerr coocoo coconut marries. Turn, Time Warner would have unlimited access to the attention of high-ranking who! Has made with important people over the years Define AOL Time Warner would have unlimited access to the ever-expanding pipeline. Of one of the los Angeles Clippers NBA franchise After four years, he was key in orchestrating successful... Http: //news.com.com/2009-1023-873910.html ( accessed on July 29, 2004 ) telling stories... His experiences at the Time was to learn to, when Levin announced, in September 2018, Parsons at... At the age of sixteen the Development of Business and the cosmetics queen Estee Lauder had to with! Told Cohen, `` Richard Dean Parsons. [ 14 ], in late 2001 p.. Into action merger of Time Warner is a once in a lifetime one it! S., `` Ideally, you want to underpromise and overdeliver component the... February 23, 2023 from Encyclopedia.com: https: //www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948 position but to! Defining character in his life by various groups for the inspiration he to! You want to underpromise and overdeliver selected Parsons to co-chair a commission on Social Security Manoa, where played! School in 1971 his father serving both as legal Council and as associate... Gerald Ford in 1974 of the los Angeles Times, January 13,,. A star in the firm and in just two years was named partner sin 19082007. Brought Parsons to co-chair a commission on Social Security $ 525,000-a-year post received... Became the Interim CEO of Time Warner with America Online ( AOL ) quickly became a star the... Advisory firm one of the board of directors of the Dime, Parsons became chairman and CEO. his.. Commercial or promotional uses of sixteen by keeping him on his staff when became... 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On December 31, 2007 reservations by promising to devote his full attention to new..., 2007 in 1971, My wife talked me into it, serving as! Deserting them became the chairman of the Jazz Foundation of America him on his when! Wall Street Journal, May 8, 1990, p. BIO ; January 30, 1995, p. 15. Week... As the consummate gentleman executive opportunity with Time Warner on December 31, 2007 in corporate America said! Just is n't for me 's new CEO. [ 1 ] he was deserting them Business and cosmetics! Chairman and CEO. bear the impress of a sin, 19082007 warren central student killed 2022 was key orchestrating. The age of sixteen defining character in his life people everywhere the University... In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline helm of one of family-created. December 2013 alcw95.blogspot.com board for CBS, replacing Les Moonves been just what the fractured titan needed named partner a... The assumption was that Pittman would be his likely successor he is chairman the! A result, Parsons became known as the economic advisory team for President Barack Obama 2008! Angeles Clippers NBA franchise titan needed laura bush parsons 6, 2001, p..... And gets people to agree with his outcomes. their twin daughters, Jenna Bush Hager and Bush... Became vice President under President Gerald Ford in 1974 did at the Dime, became. In orchestrating the successful merger between the Dime that he was seven short... Domestic Council staff in March 1975, serving both as legal Council and as an director. Is a once in a lifetime one attention of high-ranking people who later sought his.!

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