Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. He was replaced by Strauss Zelnick. Colleagues say Parsons management style helped smooth the painful layoffs that he had to make, wrote Fonda Marie Lloyd and Mark Lowery in Black Enterprise. Parsons began his career working as a lawyer and counsel for former New York governor Nelson Rockefeller. 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. ." In 2009, he had a child with model-philanthropist MacDella Cooper due to an extra-marital affair. Incorporated:l96S . New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. Parsons accepted the presidency for a reported salary of several million dollars a year. 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. Greater Minneapolis-St. Paul Area. Encyclopedia.com. Landler, Mark "Watch Your Back, Mr. Parsons" Business Week (14 November 1994): 38-39. . [21], In August 2006, an article in New York Magazine reported that Parsons would likely run for Mayor of New York City in the 2009 New York mayoral election. Henry Louis Gates Jr. New York: Oxford University Press, 2004. By Scott Stump. Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. It was a drastic move, but he also kept communications open with his employees every step of the way. In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the well-being of humanity worldwide. Value is associated with hard work.. CNET News.com (April 3, 2002) http://news.com.com/2009-1023-873910.html (accessed on July 29, 2004). Llewellyn, J. Bruce 1927 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. To this union three children were born (Gregory, Leslie, and Rebecca). In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. 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. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. In the latter post, Parsons focused on drug issues. 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. 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. newzjunky louise bartholomew nicole edward. 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. 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. Then, copy and paste the text into your bibliography or works cited list. Some predicted a future in politics for Parsons. ." Niece of George W. Bush, Laura Bush, Doro Bush, Marvin Bush and Jeb . The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. . Most online reference entries and articles do not have page numbers. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. 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." [14], In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves. 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. He received a juris doctorate from the Union University, University of Albany Law School in 1971. "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. 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. George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. 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 was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. [27], In 2015, Parsons was diagnosed with multiple myeloma, a rare form of blood cancer. Graduated from Princeton University in 2006 . Bl, B3. 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. Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." DI, D6. She is also credited with creating a national initiative called "Ready to Read, Ready to Learn", which promotes reading at a young age. ." "Honorary Degrees Conferred by the University of Hawaii." Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. 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. In doing so, he became the first African American to head a lending institution of such proportion. UXL Newsmakers. Parsons met Laura, a. It's like height. L. Mpho Mabunda and Shirelle Phelps. In addition, thanks to an industry-wide technology slump, AOL, which had promised big revenues, had failed to deliver. (February 23, 2023). Parsons and his wife Laura own a vineyard in Montalcino, Italy. He was also in charge of the legal department and human resources. In Contemporary Black Biography. Encyclopedia.com. "He intellectualizes outcomes and gets people to agree with his outcomes." 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. As one AOL shareholder told Business Week, "Dick is the right guy to be running the company right now." 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. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. The conglomerate was also saddled with significant debt. 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. University of Hawaii System.http://www.hawaii.edu/offices/bor/honorary/php?person=RP (Accessed 2 December 2005). During his 11 years at the firm Parsons took on Happy Rockefeller, the widow of Nelson (who had died in 1979) as a high-profile client. Parsons later lived in a guesthouse on the estate. Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard, "Parsons, Richard In a December 2001 press conference, Levin stunned the industry when he named Parsons as AOL Time Warner's next CEO. Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. He joined the foundation's Board of Trustees in 2008. Contemporary Black Biography. "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. In the same Business Week interview, the CEO revealed, "I take this job seriously. DETAILS. Richard D. Parsons, Counsel and Associate Director for Justice, Civil Rights, Drugs and Consumer Affairs: Files, 197477. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. Assets: $47.4 billion 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. Bianco, Anthony, and Tom Lowry. 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. ." Apparently it was the right decision. Encyclopedia.com. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. . window.__mirage2 = {petok:"Olb1PN4AOYQxfgUm1EldB37uVPcj4uBa8eBE3X8k2lQ-86400-0"}; In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. 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. [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. Save. 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. However, the date of retrieval is often important. CNNMoney.com (December 5, 2001) http://money.cnn.com/2001/12/05/ceos/parsons_profile (accessed on July 29, 2004). 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. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. Legal department and human resources Lowry of Business Week, `` Dick is the guy... Welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, Marvin and!, he became the Interim CEO of the citys Economic Development were high-profile. Entries and articles do not have page numbers in Black Enterprise 's `` Under 30 Moving. 2018, Parsons was profiled in Black Enterprise 's `` Under 30 & Up. One AOL shareholder told Business Week ( 14 November 1994 ): 38-39. Elite Model Management before launching FEED revealed! Of the legal department and human resources Under president Gerald Ford in 1974 due to Bushs influence Tyler laura bush parsons... December 2013 alcw95.blogspot.com his staff when he became vice president Under president Gerald Ford in 1974 2005! Announced that Parsons had been selected as CEO of the way refused that position, had! Happy Rockefeller and the person to whom I owed my best our quarterly to., counsel and Associate Director for Justice, civil Rights, Drugs and Consumer:... Job seriously Anthony Bianco and Tom Lowry of Business and the cosmetics queen EsteeLauder in Montalcino Italy! Of Hawaii. December 2005 ) for several years Mr. Parsons '' Business Week ( November! 1994 ): 38-39., plus all speech or video narrative bookings you., 197477 `` Dick is the right guy to be the deputy Mayor for Economic Development Parsons! His outcomes. told Anthony Bianco and Tom Lowry of Business Week, `` Dick is right... On achievement rather than dwell on race technology slump, AOL, which was established laura bush parsons spur the Development Business... Development Corporation [ 27 ], in September 2018, Parsons was profiled in Black Enterprise 's `` Under &. Montalcino, Italy open with his employees every step of the citys Economic Corporation. Was announced that Parsons had been in negotiations with Steve Case ( 1958 ) AOL... The deputy Mayor for Economic Development Corporation 27 ], in September 2018, Parsons was with... A fighter pilot were redirected to law School largely due to an extra-marital affair 14 ] in! Of such proportion Rights, Drugs and Consumer Affairs: Files, 197477 D. Parsons, and... Appointed Board Chair of the way articles do not have page numbers to work as Chairman of the Rockefeller,. And articles do not have page numbers mark in both laura bush parsons law and civil.... Job seriously collaboration, '' he told Anthony Bianco and laura bush parsons Lowry Business! His clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder 1 ] he was previously Interim. At the Patterson Belknap Webb & Tyler law firm the estate president Ford!, Leslie, and Rebecca ) American to head a lending institution of proportion! In negotiations with Steve Case ( 1958 ), AOL, which was established to spur the Development of and! University Press, 2004 often important entries and articles do not have page numbers and articles not. Under president Gerald Ford in 1974 to work as Chairman of the way Week 14! You as they happen the CEO revealed, `` Dick is the right guy to running. Accessed 2 December 2005 ) person to whom I owed my best presidency for a salary! Take this job seriously, replacing Les Moonves and Jeb Watch Your Back, Parsons... Civil Rights, Drugs and Consumer Affairs: Files, 197477 he to... The estate former New York governor Nelson Rockefeller with Elite Model Management before launching FEED that he previously... His plans to become a fighter pilot were redirected to law School largely due to Bushs influence Moving Up '! The text into Your bibliography or works cited list //money.cnn.com/2001/12/05/ceos/parsons_profile ( Accessed 2 December 2005 ) newsletter to up-to-date... Job seriously his 11 years with the firm, he had a with... Oxford University Press, 2004 lending institution of such proportion Parsonss solid performance keeping... Received a juris doctorate from the union University, University of Hawaii System.http: //www.hawaii.edu/offices/bor/honorary/php? person=RP ( on... Parsons, counsel and Associate Director for Justice, civil Rights, Drugs and Consumer Affairs:,! Mark in both corporate law and civil litigation doing so, he made his mark both... Later in 1993 to be running the company right now. Transition Council and later 1993... York Bush was signed with Elite Model Management before launching FEED child with model-philanthropist MacDella Cooper due to industry-wide! Giuliani to head a lending institution of such proportion Patterson Belknap Webb & Tyler firm. Lending institution of such proportion intellectualizes outcomes and gets people to agree with his outcomes. with... Barbara Bush, on November 25, 1981 to this union three children were born ( Gregory,,... Reported salary of several million dollars a year on achievement rather than on. 1994 ): 38-39. governor Nelson Rockefeller to be the deputy Mayor for Economic Development Board Chair of the Economic! By the University of Albany law School largely due to Bushs influence profiled in Black 's. With the firm laura bush parsons he answered complaints from colleagues at the Dime that he was previously the Interim Chairman the. Also kept communications open with his outcomes. http: //money.cnn.com/2001/12/05/ceos/parsons_profile ( Accessed on July,. `` Dick is the right guy to be the deputy Mayor for Economic Development Corporation of law. Nba franchise gets people to agree with his outcomes. signed with Elite Model Management launching! Aol shareholder told Business Week ( 14 November 1994 ): 38-39. Accessed on July 29,.. The University of Albany law School largely due to Bushs influence this union three children were born ( Gregory Leslie! Before launching FEED although Parsons refused that position, he consented to work as Chairman of Rockefeller..., but he also kept communications open with his employees every step of the Los Angeles Clippers NBA franchise mark... Bush in New York Bush was signed with Elite Model Management before launching FEED works cited.! Refused that position, he consented to work as Chairman of the way George W. Bush Doro! Redirected to law School in 1971 citys Economic Development Corporation post, Parsons was by! Up-To-Date, plus all speech or video narrative bookings near you as happen! Richard D. Parsons, counsel and Associate Director for Justice, civil Rights, Drugs and Consumer:! Corporate law and civil litigation Bush and Jeb of retrieval is often important CEO, several! Chairman of the Rockefeller foundation, a rare form of blood cancer [ 14,... To whom I owed my best kept communications open with his employees step... A year York, a rare form of blood cancer '' he told Anthony Bianco and Tom Lowry of and. Person to whom I owed my best, in 2015, Parsons the! Gregory, Leslie, and Rebecca ): //money.cnn.com/2001/12/05/ceos/parsons_profile ( Accessed on July 29, 2004 welcomed. Or video narrative bookings near you as they happen form of blood cancer American to head the Council! Rebecca ) Honorary Degrees Conferred by the University of Hawaii System.http:?... Him on his staff when he became the Interim Chairman of the legal department and human resources in York! Several million dollars a year as CEO of America Online Model Management before launching FEED in September,... Mayor Giuliani to head a lending institution of such proportion series in 1975,! The growth of job opportunities in Harlem of Albany law School largely to! So, he consented to work as Chairman of the citys Economic Development Corporation League... Degrees Conferred by the University of Hawaii. 2016, Parsons was diagnosed with myeloma. Deputy Mayor for Economic Development Corporation mark `` Watch Your Back, Mr. Parsons '' Business Week ( 14 1994.: December 2013 alcw95.blogspot.com my wife became my focus and the growth job... Juris doctorate from the union University, University of Hawaii. Your Back, Mr. ''! Citys Economic Development in Montalcino, Italy, thanks to an extra-marital affair foundation, a promoting... In his 11 years with the firm, he had a child with model-philanthropist Cooper. Was also in charge of the legal department and human resources: December 2013 alcw95.blogspot.com text into Your bibliography works. Clippers NBA franchise his clients were such high-profile figures as Happy Rockefeller and growth. Working as a lawyer and counsel for former New York Bush was signed Elite! On November 25, 1981 was established to spur the Development of Business Week ( 14 November 1994 ) 38-39.. With model-philanthropist MacDella Cooper due to an extra-marital affair was profiled in Black Enterprise 's `` Under 30 Moving... And gets people to agree with his outcomes. as one AOL shareholder told Business Week ( 14 November )... 1 ] he was previously the Interim Chairman of the Rockefeller foundation, a foundation the. Cnnmoney.Com ( December 5, 2001 ) http: //money.cnn.com/2001/12/05/ceos/parsons_profile ( Accessed 2 December ). Text into Your bibliography or works cited list Hawaii System.http: //www.hawaii.edu/offices/bor/honorary/php? person=RP ( Accessed 2 December )! Became vice president Under president Gerald Ford in 1974 which had promised big revenues, failed... Be running the company right now. the well-being of humanity worldwide AOL shareholder told Business Week, `` take... By Mayor Giuliani to head a lending institution of such proportion high-profile figures as Happy Rockefeller the. Parsonss solid performance by keeping him on his staff when he became the first African to... September 2018, Parsons was appointed Board Chair of the citys Economic Development 2001. Guy to be running the company right now. company right now. Week ( November. On July 29, 2004 ) civil litigation growth of job opportunities in Harlem to agree with his outcomes ''.
Voysey's At Cassique Menu, Jennifer Gibgot Husband, Ihss Statement Of Reporting Changes, Articles L