laura bush parsons
Although Levin was effectively in charge, it was Parsons who consistently took on the tough assignments and it was Parsons who employees turned to for guidance. 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 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. Errol Garner and Miles Davis are his favorite musicians. In 1988, just when it seemed that Parsons was poised to become head of his law firm, the news was announced that he had accepted the position of chief operating officer (COO) of the Dime. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. Levin, however, felt that Parsons was the right man for the job, and some business insiders were not that surprised. AOL Time Warner's various operating units were still far from achieving a full integration. "Getting your team together is the more important thing." He joined the foundation's board of trustees in 2008. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). He later attended the University of Hawaii at Manoa, where he played varsity basketball. I exist apart from this job.". 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). As he later told Black En terprise, My wife talked me into it. In African American Lives. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. 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. Kathleen Ryan served as an assistant to Parsons for a few weeks after she joined the Domestic Council in April, 1975. In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the well-being of humanity worldwide. He serves on the board of several cultural institutions, including the Museum of Modern Art and Lincoln Center. ." He stepped down as CEO of Time Warner on December 31, 2007. https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard, "Parsons, Richard "America Online is an important part of our company and we expect it to continue to make major contributions to our success in the future. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. Parsons also had to deal with an onslaught of unhappy regulators. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. 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. Many doubted that he could succeed at Time Warner, which was considered to be a media giant, controlling virtually all aspects of the industry, including television (CNN, HBO, Turner Classic Movies, WB Network); film (Warner Brothers, New Line Cinema); publishing (magazines such as Time, People, and Sports Illustrated ); and music (Warner Music Group). 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. 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 addition, the appointment positioned him second in command over the Time Warner holdings in magazine and book publishing, music, film, entertainment, theme parks, and cable television. 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. Notable Black American Men, Book II. In 1999, when AOL and Time Warner merged, parsons became the co-chief operating officer, a position shared with Bob Pittman. "Richard Parsons: Profile." Most online reference entries and articles do not have page numbers. 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.. Stock Index: New York 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. 1946 In his 11 years with the firm, he made his mark in both corporate law and civil litigation. 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. 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. 2008 redeem team starting 5; who is sarah davis married to; The Economicst (April 19, 2003). 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." Newzjunky - JCC Releases President's And Dean's Lists For Fall 2013 m.facebook.com. He also earned staff respect at Dime with his fair treatment of personnel. Former President George W. Bush and Laura Bush's daughter Barbara Bush gave birth to her first baby with husband Craig Coyne on Monday By Mary Park Published on September 29, 2021 11:42 AM He paid his law school expenses by working as a part time janitor and later as an aide in the New York State Assembly. So, in 1976, when President Ford lost his re-election bid to Jimmy Carter (1924), Parsons did not lack for opportunities. ." Business executive Richard Parsons has been called a teddy bear, a master diplomat, and a charmer, but perhaps the best description that has been applied to him is "friendly giant." In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. 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. BusinessWeek Online (May 19, 2003) http://www.businessweek.com/magazine/content/03_20/b3833001_mz001.htm (accessed on July 29, 2004). "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." This political stance was consistent with his rejection of the Democrats philosophy. It just isn't for me. The hope was that by combining forces they would make the most successful merger in history: AOL would have access to Time Warner's massive media content and it would be able to reach even more users thanks to TW's cable television operations. Many, however, questioned the appointment since Parsons had no real experience in the banking industry. Director of Business Operations at ExperienceIT. https://www.encyclopedia.com/general/culture-magazines/parsons-richard, "Parsons, Richard //]]>. 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. //. He was the first black president and one of the highest-ranking blacks in corporate America. Training And Servicing Center. Parsons dealt with unhappy regulators. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. . Over the years Parsons has, however, admitted the possibility of entering politics later in life. Encyclopedia.com. He was replaced by Strauss Zelnick. Parsons and his wife Laura own a vineyard in Montalcino, Italy. 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. In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. In just a few years he reduced the Dimes $1 billion in bad debts to $335 million. Once again, Parsons made history, becoming what Adam Cohen of Time called the "first African American to lead the world's most influential media company." 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, While in Hawaii, he also met his future wife, Laura Bush. Parsons also remained a committed leader in other areas of public and community service. Assets: $47.4 billion 11. Observer, (London, England) December 9, 2001, p. 4. (February 23, 2023). 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. Color her surprised! He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. (September 18, 2003) http://money.cnn.com/2003/09/18/technology/aol_name (accessed on July 31, 2004). Encyclopedia.com. 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. ", 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. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. Parsons was left in control of a bank that was apparently dying. It did make history as the largest corporate purchase ever, but it also became known as perhaps the most failed megamerger on record. 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. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. 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." Washington Post, November 1, 1994, p. D5. 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. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. As part of his management restructure, Parsons opted to lay off almost one-third of the Dime's staff. Fortune (August 8, 2004). His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. Save. Listen to article. O de wurl aint flat,An de wurl aint roun,Hits one long stripHangin up an downJes Souf an Norf;Jes Norf an Souf. She has been featured on the covers of Vogue and Vanity Fair and has frequently modelled for Tommy Hilfiger, as well as for Abercrombie & Fitch and designers Gai Mattiolo and Isaac Mizrahi. He is a Black business executive and lawyer. 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. Contemporary Black Biography. Editorial #: He frequently downplays race as a factor or handicap in his success. ." 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. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. 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. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). He was again entering an industry that was new to him, and some doubted his qualifications. Black Enterprise, 25 (October 1994): 69-76. But it was Parsons who oversaw the units that brought in the most revenue, including Warner Brothers, New Line Cinema, and Time Warner Trade Publishing. . It is like air. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. In addition to his work for Rockefeller and the Ford administration, the lawyer-turned-banker-turned media executive served in various political roles throughout his career. 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, however, was an extremely bright young man, who went on to graduate from high school when he was just sixteen years old. Broadcasting & Cable (July 28, 2003): p. 8. 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. In the latter post, Parsons focused on drug issues. Bell, Gregory S., "Richard Dean Parsons." "Parsons the Man: Public Service as Much as Private Sector Success Define AOL Time Warner's New CEO." 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. Smith, Jessie Carney, ed. (February 23, 2023). Contemporary Black Biography. *Richard Parsons was born on this date in 1948. lauren bush david laura miranda kerr coocoo coconut oil marries models. President Ford also used his services, first as a general council and then as associate director of the domestic council. [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. DETAILS. According to Ebony, 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.. 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. Llewellyn, J. Bruce 1927 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. In 2000, Parsons guided the merger of Time Warner with America Online (AOL). Encyclopedia.com. Business executive 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. New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. "Richard Dean Parsons." "I didn't have to think twice about it. Richard Dean Parsons was born on April 4, 1948, in Brooklyn, New York. The 'Laura Bush' Petunia was immediately submitted to extensive field testing in four regions of the state. Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. He ruminates for some time before addressing the. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. [30][31], Last edited on 10 February 2023, at 21:13, Donald Sterling racial remarks controversy, "Time Warner Confirms Parsons Stepping Down", "UH alumnus replacing Les Moonves as interim chairman of CBS", "Parsons Resigns From CBS Board due to Health Reasons: Dick Parsons resigns from CBS board, Strauss Zelnick steps into role of interim chairman", "Citigroup Chairman Richard Parsons TIME", "Did New Clippers CEO Dick Parsons Really Play College Basketball? Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. 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. However, the date of retrieval is often important. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. Right after graduating in 1968, Bush wasn't doing anything concrete. Parsons became a board member for Time Warner, Inc., Phillip Morris, Tristar Pictures, Harvard University, and the Metropolitan Museum of Art. Parsons, 66, has been married for 35 years to his wife Laura, 67. 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. In 1994, Gerald Levin (1939), chairman of Time Warner (TW), openly recruited Parsons to take over as president of the company. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. He was one of five children. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. ." 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. In 2006, Parsons was selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. Parsons was born in the economically disadvantaged Bedford-Stuyvesant neighborhood of Brooklyn, New York on April 14, 1948 to Lorenzo Locklair, an airline technician (who installed and repaired electronic navigation systems for the Sperry Rand Company), and Isabelle Judd Parsons (a homemaker). Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. "AOL Time Warner Still Fixing Holes." Nationality: American. Broadcasting executive Percy E. Sutton served as Manhattan borough president between 1966 and 1977, Hank Paulson 23 Feb. 2023
