Whether I was an African-American, an Arab-American, a Je wish-American, or some other American, there are a lot of people who I cannot let down, so you have to live your life a certain way to be a role model to the people who are important to you., After a year-long governmental review, Internet company America Online (AOL) and Time Warner merged in 2001. 11. ." Judge Encyclopedia.com. Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. Value is associated with hard work.. 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. Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. As he later told Black Enterprise, My wife talked me into it. 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. 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. President Ford also used his services, first as a general council and then as associate director of the domestic council. 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. Cite this article Pick a style below, and copy the text for your bibliography. 23 Feb. 2023 . Encyclopedia.com. Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. Most online reference entries and articles do not have page numbers. https://www.encyclopedia.com/general/culture-magazines/parsons-richard, "Parsons, Richard After Giuliani was elected, he named Parsons to be head of his transition council. In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. April 20, 2021, 9:57 AM PDT / Source: TODAY. 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." He paid his law school expenses by working as a part time janitor and later as an aide in the New York State Assembly. 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. [CDATA[ Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official They have three grown children: Gregory, Leslie and Rebecca. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. [4] He was one of five children. The 'Laura Bush' Petunia was immediately submitted to extensive field testing in four regions of the state. 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. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. The Dimes' nonperforming assets were nearly 11 percent of the total assets by year 1991 in addition to $1 billion in bad debt. Among the qualities that makes Parsons as successful as he is, said Brooks, are "his focus, his ability to analyze the facts and get to the bottom line, and his ability to motivate an. Encyclopedia.com. Observer, (London, England) December 9, 2001, p. 4. 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. To the extent that we've lost credibility, repairing it is important." Listen to article. Washington Post, November 1, 1994, p. D5. 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. 23 Feb. 2023 . ." I dont do anything differently than I would otherwise because I have that responsibility to my family, he told the New York Times in 1994. (her sister, Ashley, graduated from Kincaid in 2007). After Giuliani was elected, he named Parsons to be head of his transition council. Then, they dont value it. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. Cohen, Adam. As he told Ebony, I have never missed a single day of work in my life. Contemporary Black Biography. ." He also set out to streamline the bank's operations. 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. Right after graduating in 1968, Bush wasn't doing anything concrete. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. He serves on the board of several cultural institutions, including the Museum of Modern Art and Lincoln Center. Parsons was named CEO for AOL Time Warner. April 21, 2021 11:45 am ET. [2] On October 21, 2018, he resigned for health reasons from CBS and was replaced by Strauss Zelnick. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. 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. From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. McClellan, Steve. Business Week Online.http://www.buisnessweek.com/magazine/content/03_20/b3833001_m2001.htm (Accessed 2 December 2005). When Parsons was named chief executive officer (CEO) in 2002 and chairman in 2003, he became one of the most powerful executives in the United States, but he also inherited a mountain of problems. Join Facebook to connect with Laura Parsons and others you may know. He frequently downplays race as a factor or handicap in his success. Hayden, Thomas. In 1994, Gerald Levin (1939), chairman of Time Warner (TW), openly recruited Parsons to take over as president of the company. He joined the foundation's board of trustees in 2008. By the mid-2000s, however, analysts reported that Time Warner was on a definite upswing: employee morale was high, investors were newly confident, and the monstrous debt had been significantly slashed. Its not a bad time for me to make a move. During that time he also earned the respect of the staff for his fair treatment. Over the years Parsons has, however, admitted the possibility of entering politics later in life. 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. ." 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. Again, the business community was rocked by the news. Facebook gives people the power to. 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. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. Newsweek (January 24, 2000): p. 36. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. (2 minutes) Former President George W. Bush, 74, is the author of "Out of Many, One: Portraits of America's Immigrants" (Crown). Parsons graduated from the University of Hawaii and earned his J.D. 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. Color her surprised! 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). Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0. View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. In the latter post, Parsons focused on drug issues. 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." Richard Dean "Dick" Parsons was born in Brooklyn, New York. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. President Ford also used his services, first as a general. Encyclopedia.com. Save. laura bush parsonsis ora king salmon safe to eat. In fact, in 1995 he was key in orchestrating the successful merger between the Dime and Anchor Savings Bank. 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. Pick a style below, and copy the text for your bibliography. 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. ." In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. Jet (December 24, 2001): p. 6. "Parsons, Richard Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. "AOL Time Warner Still Fixing Holes." Parsons remained optimistic, but he proceeded cautiously. 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. "And he would do it in a way that everyone would feel good about the outcome." It was either you go for it, or its gone forever, claimed Parsons in Black Enterprise. ." (February 23, 2023). Contemporary Black Biography. "Getting your team together is the more important thing." [27], In 2015, Parsons was diagnosed with multiple myeloma, a rare form of blood cancer. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. The Atlanta Journal-Constitution wrote, His designation as chief executive of the $36 billion media empire proves that African-Americans can not only perform in positions of commercial leadership but can wildly surpass all expectations. Known for his excellent mediation skills and his ability to put others at ease, Parsons told The Atlanta Journal-Constitution that he is a lunch pail manager who will display an in-the-trenches style of leadership. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. But in 2008, he was less of a doting husband when he fathered a daughter, Ella . It's like height. However, the date of retrieval is often important. 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 An article in Business Week Online stated that after accepting the Time Warner presidency, "Parsons gradually made himself indispensable to Time Warner by taking on tough assignments that the increasingly insular Levin could not do himself." Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948. He received a B.A. Parsons worked at various odd jobs, including in a parking garage and gas company to support himself while at the University of Hawaii. 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