Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. In just a few years he reduced the Dimes $1 billion in bad debts to $335 million. 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. New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. 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. It was either you go for it, or its gone forever, claimed Parsons mBlack Enterprise.Its not a bad time for me to make a move. He is a Black business executive and lawyer. While in Hawaii, he also met his future wife, Laura Bush. Encyclopedia.com. Peter J. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. It did make history as the largest corporate purchase ever, but it also became known as perhaps the most failed megamerger on record. The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. On May 16, 2001, Parsons replaced Gerald Levin as CEO of the AOL-Time Warner Corporation. Bianco, Anthony, and Tom Lowry. In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. 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. Pick a style below, and copy the text for your bibliography. [25], On May 9, 2014, in the wake of the Donald Sterling racial remarks controversy, it was announced that Richard Parsons was appointed the interim CEO of the Los Angeles Clippers. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. . True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. Bl, B3. Cite this article Pick a style below, and copy the text for your bibliography. 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 intellectualizes outcomes and gets people to agree with his outcomes." Newzjunky - JCC Releases President's And Dean's Lists For Fall 2013 m.facebook.com. CNNMoney.com. 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. I exist apart from this job.". Born: March 28, 1946, in Chicago, Illinois., Public Company 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. He also earned staff respect at Dime with his fair treatment of personnel. Three years later, in 1991, he was invited to join Time Warner's board; he subsequently became president of the company in 1995 and helped negotiate the company's merger with America Online in 2000. [5] 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. Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. He was replaced by Strauss Zelnick. "[11] In December 2001, it was announced that Levin would retire and Parsons had been selected as his successor. Chairman and chief executive officer, Goldman, Sachs & Company 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. Smith, Jessie Carney, ed. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. 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. 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. UXL Newsmakers. 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. Parsons graduated from the University of Hawaii and earned his J.D. It was a drastic move, but he also kept communications open with his employees every step of the way. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. In his biggest move to trim the $27 billion debt, Parsons sold Warner Music Group in November of 2003 for a reported $2.6 billion. Just before Parsons officially took over from Levin in May of 2002, the company posted a quarterly loss of $54 billion, the largest in U.S. history. cronin friend betty barb grand cortopassi As a result of the savings and loan crisis of the mid-1980s, the Dime had lost some $92.3 million; it was also under scrutiny from federal regulators. [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 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. He stepped down as CEO of Time Warner on December 31, 2007. from Ariel Williams Holloway, Northboun' , 1926, NORTHBOUND' by Ariel Williams Holloway, Street Team INNW, St. Paul, The Tullahassee Mission, and School Opens, An Act for The Gradual Abolition Of Slavery is Passed, Steven Barnes, Science Fiction Writer born, St. Phillips College, (Texas) Begins Classes, Joseph Brant, Slave Owner, and Military Officer born, Americas Articles of Confederation Are Enacted, Court Rules to Desegregate Education in California, Harry Belafonte, Entertainer, and Activist born, The State of Pennsylvania Abolishes Slavery. 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. Errol Garner and Miles Davis are his favorite musicians. He became an advisory trustee of the family's principal philanthropy, the Rockefeller Brothers Fund, and he sits with David Rockefeller on the board of the World Trade Center Memorial Foundation. 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. Former President George W. Bush and his wife, Laura Bush, recently celebrated their 45th wedding anniversary. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. As he told Cohen, "Ideally, you want to underpromise and overdeliver. 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. 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. 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 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 contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. Notable Black American Men, Book II. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. Contemporary Black Biography. 1946 This political stance was consistent with his rejection of the Democrats philosophy. . View the profiles of people named Laura Parsons. 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 . 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. Barbara Pierce Bush, daughter of former President George W. Bush and former First Lady Laura Bush, welcomed daughter Cora Georgia in September 2021 with husband Craig Coyne. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. Encyclopedia.com. 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. [CDATA[ April 21, 2021 11:45 am ET. Business Week Online.http://www.buisnessweek.com/magazine/content/03_20/b3833001_m2001.htm (Accessed 2 December 2005). 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. Restrictions: Contact your local office for all commercial or promotional uses. Parsons was chairman of Citigroup from 2009 until 2012. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. Hayden, Thomas. He has claimed that race was never a defining character in his life. It's like height. Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. 2019Encyclopedia.com | All rights reserved. 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. Parsons dealt with unhappy regulators. As a result, the company struggled to maintain its credibility, its stock prices tumbled, and it faced $27 billion in debt. . "Parsons, Richard NEW YORK, NY - FEBRUARY 18: L to R: Stephen Byrd and Jessye Norman, Laura Bush Parsons and Richard Parsons attend Apollo Club Harlem at The Apollo Theater on February 18, 2013 in New York City. Washington Post, November 1, 1994, p. D5; December 6, 2001, p. EO1. Encyclopedia.com. In Contemporary Black Biography. Notable Black American Men, Book II. Parsons took on the role of co-COO, sharing the job with Robert Pittman (1953), former president of AOL. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. Not one. Also fueling his rise were connections he has made with important people over the years. Over the years Parsons has, however, admitted the possibility of entering politics later in life. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. As he later told Black Enterprise, My wife talked me into it. In this case, Parsons was forced to tap into both sides of his personality. *Richard Parsons was born on this date in 1948. "I always knew I'd rise to the top; it never occurred to me that I couldn't.". He joined the foundation's board of trustees in 2008. Editorial #: Its not a bad time for me to make a move. Judge X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. Then, they dont value it. ." Wall Street Journal, May 8, 1990, p. BIO; January 30, 1995, pp. 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. According to Better Chance president Sandra Timmons, as quoted by Hispanic PRWire, "Richard Parsons serves as a role model for aspiring executives of all races, but his success has earned him a special leadership role among African Americans.". 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. President Ford also used his services, first as a general council and then as associate director of the domestic council. Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. Cohen, Adam. Encyclopedia.com. He was raised in the rough neighborhood of Jamaica, New York, a city in Queens County. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. Parsons's critics were not impressed by this middle-of-the-road philosophy, but his supporters pointed out that underlying the nice-guy image was a savvy businessman. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. 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. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. April 20, 2021, 9:57 AM PDT / Source: TODAY. After New Mexico Governor Bill Richardson withdrew his name from consideration for the position of Secretary of Commerce in the Obama Administration, Parsons's name was floated as a possible nominee. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. 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). As a result, Dime Bancorp became the largest thrift institution on the East Coast and the fourth largest in the United States. It just isn't for me. Parsons met Laura, a. 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. Contemporary Black Biography. Here, the little . His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. 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. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. 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. ." In addition, thanks to an industry-wide technology slump, AOL, which had promised big revenues, had failed to deliver. 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-. 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. Three years later, in 1991, on the recommendation of Nelson's brother Laurance Rockefeller to the then CEO Steve Ross, Parsons was invited to join Time Warner's board; he subsequently became president of the company in 1995, recruited by chief executive Gerald Levin. Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. Value is associated with hard work.. 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 answered these reservations by promising to devote his full attention to his new $525,000-a-year post. 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. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. Encyclopedia.com. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. 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. 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. But in 2008, he was less of a doting husband when he fathered a daughter, Ella . 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. [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. [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. 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.. Nationality: American. . View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. //