Richard Parsons (businessman)
Dick Parsons | |
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Born | Richard Dean Parsons April 4, 1948 New York City, U.S. |
Education | ) |
Richard Dean Parsons (born April 4, 1948), an American business executive, is the former chairman of
Early life
Parsons was born to an African-American family in
Career
In 1971, Parsons served an internship at the
In 1977, Parsons returned to New York and became a partner after only two years at the
Three years later, in 1991, on the recommendation of Nelson's brother
Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill.[13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen.[14]
In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves.[2] In October 2018 Parsons stepped down from the position, citing difficulties brought about by his battle with Multiple myeloma. He was replaced by Strauss Zelnick.[15]
Humanitarian causes
In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. 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.[16]
In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world. He joined the foundation's board of trustees in 2008.[17][18]
Prominent connections
From the early 1980s through much of the 1990s, Parsons owned a house near the Rockefeller family estate in Pocantico Hills (see Kykuit), where his grandfather was once a groundskeeper. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]
Parsons became chairman emeritus of the
In 2001,
In August 2006, an article in
Parsons was a member of the economic advisory team for President Barack Obama. He met with the then President-elect on Friday, November 7, 2008, along with many other economic experts, to discuss measures to solve the current economic crisis. 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.[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.[26]
In 2018, Parsons became interim Chairman of the Board of CBS, replacing Les Moonves. However complications from multiple myeloma that same year caused him to step down.
Personal life
In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. They have three grown children.[4][27]
In 2009, he had a child with model-philanthropist
In 2015, Parsons was diagnosed with multiple myeloma, a rare form of blood cancer. 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.[30][31]
References
- ^ David Faber, "Time Warner Confirms Parsons Stepping Down", CNBC, November 5, 2007.
- ^ Honolulu. Associated Press. September 26, 2018. Retrieved September 28, 2018.
- TheStreet. Retrieved October 23, 2018.
- ^ a b "Citigroup Chairman Richard Parsons – TIME". Time. January 21, 2009. Archived from the original on January 25, 2009.
- ^ Rothstein, Mervyn (April 2013). "Corporate Titan". Cigar Aficionado. pp. 142–8.
- ^ a b c Leonard, Devin (March 24, 2011). "Dick Parsons, Captain Emergency". BusinessWeek. Archived from the original on April 18, 2011. Retrieved March 3, 2012.
- ^ McKenna, Dave (May 22, 2014). "Did New Clippers CEO Dick Parsons Really Play College Basketball?". Deadspin. Retrieved May 22, 2014.
- ^ a b c d Richard Parsons profile, New York Times, 2001.
- ^ a b "Richard Parsons Biography", Encyclopedia of World Biography.
- ^ "Bad Marriage? AOL Time Warner". PBS NewsHour. July 19, 2002.
- ^ "15 years later, lessons from the failed AOL-Time Warner merger". fortune.com. January 10, 2015.
- ^ Seib, Christine (January 22, 2009). "Sir Win Bischoff to leave early from chairmanship of Citigroup". The Times. London. Retrieved January 22, 2009.
- ISSN 0362-4331. Retrieved January 10, 2021.
- ^ "Stocks". Bloomberg.com. Retrieved May 11, 2017.
- ^ Belvedere, Matthew J. (October 21, 2018). "Richard Parsons resigns as CBS chairman due to complications from cancer". CNBC. Retrieved February 5, 2019.
- ^ "Richard Parsons". Jazz Foundation of America. Retrieved August 14, 2014.
- ^ "Richard Parsons to Become Chairman of Rockefeller Foundation". Bloomberg.com. October 28, 2015. Retrieved March 22, 2017.
- ^ "Richard D. Parsons – The Rockefeller Foundation". The Rockefeller Foundation. Retrieved March 22, 2017.
- ^ "Richard D. Parsons". Time Warner. March 10, 2006. Archived from the original on May 10, 2007. Retrieved August 6, 2007.
- ^ "Founder". Partnership for New York City. Retrieved August 6, 2007.
- ^ Partnership Members Assist Spitzer Transition Team
- ^ Geoffrey Gray, "Is Parsons the New Bloomberg?", New York Magazine.
- ^ Goldstein, Andrew M. (August 17, 2008). "Time Warner Chairman Richard Parsons Says He Won't Run for Mayor – New York Magazine". Nymag.com. Retrieved March 3, 2012.
- ^ Times Topics, 2009 Parsons for Bloomberg
- ^ Rooney, Katie (January 6, 2009). "Parsons to Commerce?". Time. Archived from the original on January 14, 2009. Retrieved May 22, 2010.
- ^ "Ex-Time Warner chairman named interim Clippers CEO". NBA.com. May 9, 2014. Retrieved May 9, 2014.
- ^ a b c George Rush, "Love tangle for power broker: Citigroup's Richard Parsons has love child with model MacDella Cooper", New York Daily News, May 21, 2009.
- ^ Ian T. Shearn, "Scrapbook of Extremes", New Jersey Monthly, June 8, 2009.
- ^ Hamilton Nolan, "Dick Parsons Secret Love Child", Gawker, May 22, 2009.
- ^ Mukherjee, Sy (September 23, 2016). "How Time Warner's Former CEO Is Helping Democratize Cancer Research". Fortune. Retrieved February 5, 2019.
- ^ Lee, Edmund (October 21, 2018). "Richard Parsons Steps Down as Interim Chairman of CBS". New York Times. Retrieved February 5, 2019.
External links
- Richard D. Parsons, biography at the Time Warner corporate website
- Richard Parsons biography at the Encyclopedia of World Biography
- Appearances on C-SPAN