The position placed him second in command over the entire Time Warner holdings in magazine and book publishing, music, film entertainment, theme parks, and cable television. newzjunky louise bartholomew nicole edward. (Photo by Shahar Azran/WireImage) Embed. 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 . "Honorary Degrees Conferred by the University of Hawaii." When Rockefeller was appointed Vice President of the United States in 1974, Parsons followed him to Washington, D.C., where he worked directly with Gerald Ford. 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. 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. Therefore, that information is unavailable for most Encyclopedia.com content. In African American Lives. 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. Peter J. Credit: Shahar Azran / Contributor. 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. 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 Parsons was left in control of a bank that was apparently dying. I have other things I'm focused on." . Born: March 28, 1946, in Chicago, Illinois., Public Company Notable Black American Men, Book II. Financial Times, December 8, 2001, p. 13. In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. He also serves as chairman of the Upper Manhattan Empowerment Graduated from Princeton University in 2006 . Encyclopedia.com. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. Parsons was asked to become the new president of Time Warner by its chairman, Gerald M. Levin, in the fall of 1994. 1946 . 38, 39. Encyclopedia.com. Peter J. ." Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. Parsons also had to deal with an onslaught of unhappy regulators. (2 minutes) Former President George W. Bush, 74, is the author of "Out of Many, One: Portraits of America's Immigrants" (Crown). ." 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. 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. I exist apart from this job.". "America Online is an important part of our company and we expect it to continue to make major contributions to our success in the future. He frequently downplays race as a factor or handicap in his success. It is like air. 2019Encyclopedia.com | All rights reserved. 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-. In May 2014, in the wake of the Donald Sterling racial remarks controversy, Parsons was appointed the interim CEO of the Los Angeles Clippers. (September 18, 2003) http://money.cnn.com/2003/09/18/technology/aol_name (accessed on July 31, 2004). He has claimed that race was never a defining character in his life. In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. (her sister, Ashley, graduated from Kincaid in 2007). on August 30, 1968. Parsons later became chairman and CEO[8] and oversaw a merger with Anchor Savings Bank, gaining a substantial sum when the Dime Bank was demutualized. 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. [22] Parsons, however, repeatedly denied the reports,[23] supported Mayor Bloomberg's efforts to repeal the term limits law, and supported Bloomberg for a third term in office. Parsons skipped two grades and graduated from high school at the age of sixteen. Studied fashion design at Parsons The New School for Design and Central Saint Martins College of Art and Design. To many, it seemed that Pittman took on most of the plum assignments in the company, considering he was in charge of the high-profile AOL operations. CNNMoney.com. However, the date of retrieval is often important. Parsons began working at Dime during a difficult period. 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. But in 2008, he was less of a doting husband when he fathered a daughter, Ella . Parsons was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. As counsel to the Domestic Council, he worked closely with the Counsel to the President in providing legal guidance in the formulation of domestic policy. "I always knew I'd rise to the top; it never occurred to me that I couldn't.". Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. [4] He was one of five children. After attaining her master's degree in library science at the University of Texas at Austin, she was employed as a librarian. Decker, Ed "Parsons, Richard Dean 1948 April 20, 2021, 9:57 AM PDT / Source: TODAY. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. https://www.encyclopedia.com/general/culture-magazines/parsons-richard, "Parsons, Richard "[11] In December 2001, it was announced that Levin would retire and Parsons had been selected as his successor. I know the bank is in good hands., Some considered the Parsons appointment at Time Warner to be a significant achievement for black executives, one that helps pave the way for them to enter the highest positions in business. Time (December 17, 2001). Here, the little . In 2009, he had a child with model-philanthropist MacDella Cooper due to an extra-marital affair. 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. 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.". University of Hawaii System.http://www.hawaii.edu/offices/bor/honorary/php?person=RP (Accessed 2 December 2005). Contemporary Black Biography. 23 Feb. 2023 . Parsons, who owns a home on Block Island, is a child psychologist. Atlanta Journal-Constitution, January 22, 2002, C3. Laura Bush Remembers the First Time She Met George and When He Proposed "I knew George was going to ask," the former first lady told The Wall Street Journal. He also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. 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.. To the extent that we've lost credibility, repairing it is important." 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 2000, Parsons guided the merger of Time Warner with America Online (AOL). 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. While in Hawaii, he also met his future wife, Laura Bush. "Can Dick Parsons Rescue AOL Time Warner?" Once again, Parsons made history, becoming what Adam Cohen of Time called the "first African American to lead the world's most influential media company." lauren bush david laura miranda kerr coocoo coconut oil marries models. Errol Garner and Miles Davis are his favorite musicians. In mid-2003, he sold off parts of the company that were considered to be noncore assets, including the sports teams, the Atlanta Hawks and Atlanta Thrashers. [8] He helped negotiate the company's merger with America Online in 2000, creating a $165-billion media conglomerate[10] that is "usually described as the worst merger of all time. During that time he also earned the respect of the staff for his fair treatment. In addition, any time that trouble reared its head over regulatory issues in Washington, Parsons came to the rescue by turning to one of his many political contacts. It just isn't for me. 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. 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. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. "Parsons Faces Major Test in Unifying AOL Time Warner." agreed that friendly giant Richard Parsons had been just what the fractured titan needed. 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. Although Richard Dean Parsons regularly makes Fortune magazine's annual list of the most powerful people in business, and he is considered to be one of the most respected African American executives in the country, he came from an average working-class background. Apparently it was the right decision. Dl, D6. Whether I was an African-American, an Arab-American, a Jewish-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.. Chairman and chief executive officer, Goldman, Sachs & Company 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). He became such a trusted adviser that in 1974, when Rockefeller headed to Washington to serve 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. Encyclopedia.com. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. 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." "Can Dick Parsons Rescue AOL Time Warner?" View the profiles of people named Laura Parsons. The proud parents were by Jenna's side when she married her husband, Henry Hager, in. Save. [30][31], Last edited on 10 February 2023, at 21:13, Donald Sterling racial remarks controversy, "Time Warner Confirms Parsons Stepping Down", "UH alumnus replacing Les Moonves as interim chairman of CBS", "Parsons Resigns From CBS Board due to Health Reasons: Dick Parsons resigns from CBS board, Strauss Zelnick steps into role of interim chairman", "Citigroup Chairman Richard Parsons TIME", "Did New Clippers CEO Dick Parsons Really Play College Basketball? Vol. He was again entering an industry that was new to him, and some doubted his qualifications. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Notable Black American Men, Book II. But it's not my life. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. 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