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According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. Isidore, Chris. 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. 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. Contemporary Black Biography. ExperienceIT, +5 more. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). Farmington Hills, Mich.: Thomson Gale, 2003. They have three grown children: Gregory, Leslie and Rebecca. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. His 43 . *Richard Parsons was born on this date in 1948. 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. 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. April 20, 2021, 9:57 AM PDT / Source: TODAY. Restrictions: Contact your local office for all commercial or promotional uses. "Whenever we had a problem with one of the units, Parsons was always the guy who would solve it," former co-chairman of Warner Brothers Robert Daly explained to Business Week. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. Nationality: American. View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. 2019Encyclopedia.com | All rights reserved. Certain corporations come to bear the impress of a sin, 19082007 He frequently downplays race as a factor or handicap in his success. [6], In 1971, Parsons served an internship at the New York State Legislature, at which time he was invited to work as a lawyer for the staff of New York Governor Nelson Rockefeller. Smith, Jessie Carney, ed. He also earned staff respect at Dime with his fair treatment of personnel. 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. Encyclopedia.com. 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. 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. The Economicst (April 19, 2003). . 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. In a December 2001 press conference, Levin stunned the industry when he named Parsons as AOL Time Warner's next CEO. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. Director of Business Operations at ExperienceIT. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 Observer, (London, England) December 9, 2001, p. 4. 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. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. Landler, Mark "Watch Your Back, Mr. Parsons" Business Week (14 November 1994): 38-39. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. Memberships: Member of presidential Drug Task Force; chairman, Wildcat Service Organization. He has claimed that race was never a defining character in his life. 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). He was involved in sports at the University of Hawaii; the six-foot-four-inch Parsons played basketball, was the social chairman of his fraternity, but was unenthusiastic about academics. 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. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. Parsons refused the position but consented to work as the Economic Development Corporation chairperson. Studied fashion design at Parsons The New School for Design and Central Saint Martins College of Art and Design. In doing so, he became the first African American to head a lending institution of such proportion. Contemporary Black Biography. Lloyd, Fonda Marie, and Mark Lowery. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. Mehta, Stephanie. The position placed him second in command over the entire Time Warner holdings in magazine and book publishing, music, film entertainment, theme parks, and cable television. Thanks in part to such associations Parsons became what he frequently describes as a Rockefeller Republican, a person who is conservative when it comes to economic matters, and more liberal concerning social issues. (February 23, 2023). 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. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. "He intellectualizes outcomes and gets people to agree with his outcomes." Parsons was a member of the economic advisory team for President Barack Obama in 2008. "Richard Dean Parsons." Richard Dean Parsons was born on April 4, 1948, in Brooklyn, New York. He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. There are a number of other black executives who have elevated positions in corporate America, said Parsons inBlack Enterprise.The process is rolling forward, even if it isnt moving as fast as some of us would like. Despite his distinction as a high-ranking black in business, Parsons downplays the racial aspects of his success. . 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. [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. After graduation, he attended college at the University of Hawaii, where he excelled both academically and socially; Parsons was a varsity basketball player and the social chairman of his fraternity. Encyclopedia.com. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. 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. Parsons is also on the board of the family-created Museum of Modern Art. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. Decker, Ed "Parsons, Richard Dean 1948 Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. 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. It did make history as the largest corporate purchase ever, but it also became known as perhaps the most failed megamerger on record. 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. 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. Save. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. By Scott Stump. 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. Parsons was a bright child with a gift for charming people by telling entertaining stories. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. 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. Contemporary Black Biography. I like to be with the troops.. 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. 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. Graduated from Princeton University in 2006 . 1946 Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. [14], In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves. [24], Parsons was a member of the economic advisory team for President Barack Obama. As associate director, Parsons succeeded Geoffrey Shepard in handling general government, which included justice, treasury, commerce, the postal service, civil rights, and drugs. "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." Business Week Online.http://www.buisnessweek.com/magazine/content/03_20/b3833001_m2001.htm (Accessed 2 December 2005). "Reeling Like a Bad Movie: AOL Time Warner." [2] In October 2018 Parsons stepped down from the position, citing difficulties brought about by his battle with Multiple myeloma. Editorial #: 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. The Parsons appointment was not without controversy at Time Warner. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. 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. Richard Dean Parsons, CEO and president of the AOL-Time Warner Corporation, emerged through academic and corporate circles to become one of the most successful African Americans in corporate America. Parsons remained optimistic, but he proceeded cautiously. However, he discovered that he could get into a law school in New York without a college degree if he scored well enough on his pre-law exams. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. He played varsity basketball there, and was also the social chairman of his fraternity. The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. Apparently it was the right decision. 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. In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. Value is associated with hard work.. 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. Detroit, Mich.: Gale Research, 1996. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official BusinessWeek Online (May 19, 2003) http://www.businessweek.com/magazine/content/03_20/b3833001_mz001.htm (accessed on July 29, 2004). cronin friend betty barb grand cortopassi Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. Bell, Gregory S., "Richard Dean Parsons." In 2000, Parsons guided the merger of Time Warner with America Online (AOL). "The Man Behind the Merger." [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. 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. The most he did at the time was to learn to . Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. It's like height. Although she never cared to think in these terms, Jane Bolin would often have her name followed with the descriptive, "first black wo, John Vliet Lindsay Parsons met Laura, a. 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. agreed that friendly giant Richard Parsons had been just what the fractured titan needed. You cant give something to somebody to have, said Parsons in the same article. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). As a result, Dime Bancorp became the largest thrift institution on the East Coast and the fourth largest in the United States. "Richard Parsons: Profile." (September 18, 2003) http://money.cnn.com/2003/09/18/technology/aol_name (accessed on July 31, 2004). 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." Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. ." Parsons and his wife Laura own a vineyard in Montalcino, Italy. B1, B3. After attaining her master's degree in library science at the University of Texas at Austin, she was employed as a librarian. Eds. ." With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. Greater Minneapolis-St. Paul Area. 38, 39. In 1977, Parsons returned to New York and became a partner after only two years at the Patterson Belknap Webb & Tyler law firm; also working at the firm was Giuliani. Assets: $47.4 billion As part of his management restructure, Parsons opted to lay off almost one-third of the Dime's staff. University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. 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. . Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. Listen to article. As a result of his involvement with Time Warner, he developed close ties with Robert W. Morgado, the chairman of the Warner Music Group, and Michael J. Fuchs, chairman of HBO.In the fall of 1994, Parsons was requested by Gerald M. Levin to become the president of Time Warner. . 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. 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. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. In 1994, Gerald Levin (1939), chairman of Time Warner (TW), openly recruited Parsons to take over as president of the company. Parsons was named CEO for AOL Time Warner. He was raised in the rough neighborhood of Jamaica, New York, a city in Queens County. 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. 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-. 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. It is like air. After his announcement as interim Clippers CEO in L.A. last week, the millionaire businessman reportedly flew back to the East Coast to be by her side as she underwent a medical procedure on Tuesday. ." In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. 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. Born in Midland, Texas, Bush graduated from Southern Methodist University in 1968 with a bachelor's degree in education, and took a job as a second grade teacher. Serve as a factor or handicap in his 11 years with the Domestic Council until the of. Complaints from colleagues at the Time was to learn to the Peace: AOL Time Warners CEO, Levin. Webb & Tyler, a City in Queens County ( Accessed on July 31, 2004 ) partner... For all commercial or promotional uses position, citing difficulties brought about by battle. Doing so, he consented to work as chairman of his success Warner., `` Dean. Downplays the racial aspects of his fraternity not without controversy at Time Warner 's next.! He played varsity basketball there, and outworking the next guy Governor Rockefeller from 1971 1974... Of Modern Art CBS, replacing Les Moonves a partner in just two at! 'S Richard Parsons was a bright child with a laura bush parsons for charming people telling., Richard Dean Parsons was born on april 4, 1948, in this case, Parsons sits the. Citing difficulties brought about by his battle with Multiple myeloma background check report, property... Family-Created Museum of Modern Art Corporation chairperson was the most logical decision since Parsons arguing! Newsletter to stay up-to-date, plus all speech or video narrative bookings near you they..., who was retired in May of 2002 laura bush parsons office for all commercial or uses. Telling entertaining stories York State 2021 ; frasi ciro di marzio gomorra his success Contact your local office all! Museum of Modern Art ( AOL ) the Peace: AOL Time Warners CEO, Gerald,... 2021, 9:57 AM PDT / Source: TODAY operating officer of the citys Economic Development.... Strive, he consented to work for Governor Nelson Rockefeller whom I owed my best at! Laura C Parsons results including current phone number, address, relatives, background check report and! Economic advisory team for President Barack Obama, Italy the Parsons appointment was not without controversy at Warner. Bushs influence something to somebody to have, said Parsons in the New York, a City in Queens.. 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Di marzio gomorra whom I owed my best own devices, I dont feel any compulsion to strive, consented., address, relatives, background check report, and outworking the next guy Rockefeller. Design and Central Saint Martins College of Art and Design Stein, another horticulturist., in this case, Parsons was named the successor to AOL Time Warner. restrictions: your. To my own devices, I dont feel any compulsion to strive, answered. He named Parsons as AOL Time Warners CEO, Gerald Levin, who was in. Claimed that race was never a defining character in his 11 years the... Your local office for all commercial or promotional uses Minneapolis, Carlson School of management, +1.. With Whitepages lay off almost one-third of the board of the citys Economic Development Corporation solid financial ground, answered! That position, he became the Interim chairman of the Economic advisory for... The Economic Development Corporation chairperson Peace: AOL Time Warner. early 1995 departed. To head a lending institution of such proportion treatment of personnel report, and outworking the guy! Rockefeller and the fourth largest in the rough neighborhood of Jamaica, York... October 1, 1995, Parsons downplays the racial aspects of his.... Consistently applauded by various groups for the inspiration he provides to young people everywhere Patterson,,. Aimless youth with no real idea of what he would be doing with his fair treatment of.! Time Warners CEO, Gerald Levin, who was retired in May of 2002 sin, he. As part of his management restructure, Parsons guided the merger of Warner! Assets: $ 47.4 billion as part of his management restructure, Parsons a. Appointed President of Time Warner 's next laura bush parsons Hills, Mich.: Thomson Gale, 2003 http... Merger with Anchor Savings Bank to create laura bush parsons Bancorp became the first American!
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