." "That's what makes you different from your competition," he maintains. Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. 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. "I always knew I'd rise to the top; it never occurred to me that I couldn't.". did desi arnaz jr have a stroke; moose tracks vs cow tracks ice cream He graduated high school at the age of 16, then devoted much of his attention to sports as a student at the University of Hawaii. [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. Born into a family of humble means in the BedfordStuyvesant section of Brooklyn, New York, and raised in Queens, New York, Parsons revealed an inherent intelligence but had few aspirations as a youth. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. UXL Newsmakers. Parsons, who owns a home on Block Island, is a child psychologist. Parsons worked at various odd jobs, including in a parking garage and gas company to support himself while at the University of Hawaii. 2019Encyclopedia.com | All rights reserved. Contemporary Black Biography. 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. 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. Richard D. Parsons, Counsel and Associate Director for Justice, Civil Rights, Drugs and Consumer Affairs: Files, 197477. 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. After attaining her master's degree in library science at the University of Texas at Austin, she was employed as a librarian. His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. 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." 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. 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. 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. Former First Lady Laura Bush told TV host Kelly Clarkson that she was "very surprised" to find out her husband, former President George W. Bush, was taking up painting as his . 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. Vol. Standing at 6 feet 4 inches, with broad shoulders, he is a physically impressive man who could fill any boardroom. . In his 11 years with the firm, he made his mark in both corporate law and civil litigation. Parsons later lived in a guesthouse on the estate. Parsons was chairman of Citigroup from 2009 until 2012. https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard, "Parsons, Richard Dl, D6. 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. Smith, Jessie Carney, ed. They have three grown children. He received a B.A. ." 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. 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. Washington Post, November 1, 1994, p. D5. [27], In 2015, Parsons was diagnosed with multiple myeloma, a rare form of blood cancer. Contemporary Black Biography. "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. Encyclopedia.com. Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. 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. Parsons also remained a committed leader in other areas of public and community service. As one AOL shareholder told Business Week, "Dick is the right guy to be running the company right now." 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. 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. 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. 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.. 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. "He intellectualizes outcomes and gets people to agree with his outcomes." 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. I have other things I'm focused on." 1946 Kathleen Ryan served as an assistant to Parsons for a few weeks after she joined the Domestic Council in April, 1975. DETAILS. 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. Here, the little . Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). 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. Member of the board of directors of Dime Savings Bank, Federal National Mortgage Association, Philip Morris Companies, Time Warner Inc., New York Zoological Society, and American Television & Communications Inc.; trustee of Rockefeller Brothers Fund, Howard University, and Metropolitan Museum of Art. 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. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. Employees: 14,500 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. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. [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. He was one of five children. 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. 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. 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. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. 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. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. The Parsons appointment was not without controversy at Time Warner. 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. 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. 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. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. 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). The drag on the company continued to be AOL, which consistently floundered. 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. True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. Born into a family of humble means in the Bedford-Stuyvesant section of Brooklyn, New York, and raised in Queens, New York, Parsons revealed an inherent intelligence but had few aspirations as a youth. 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). 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. 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 he told Cohen, "Ideally, you want to underpromise and overdeliver. "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 served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. Contemporary Black Biography. 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-. Still, when Levin announced, in late 2001, that In African American Lives. Broadcasting & Cable (July 28, 2003): p. 8. Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. Encyclopedia.com. 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. ." 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. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. Bush, a full-time resident of the island for the past decade, is the owner of Albany Records, which produces "uncommonly classical" music by American composers; she was previously the manager of the Albany, New York, symphony. George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. Washington Post, November 1, 1994, p. D5; December 6, 2001, p. EO1. Later that year, it was announced that Parsons had been selected as CEO of America Online. Parsons, however, was an extremely bright young man, who went on to graduate from high school when he was just sixteen years old. 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. As he told Ebony, I have never missed a single day of work in my life. 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. While in Hawaii, he also met his future wife, Laura Bush. 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