Standing at 6 feet 4 inches, with broad shoulders, he is a physically impressive man who could fill any boardroom. Former First Lady Laura Bush told TV host Kelly Clarkson that she was "very surprised" to find out her husband, former President George W. Bush, was taking up painting as his . The conglomerate was also saddled with significant debt. 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). Ed Decker and Christine Miner Minderovic. In the May 1975 reorganization, his area of responsibility was divided, and Parsons became associate director for justice, crime, civil rights, and communications (communications was transferred to F. Lynn May in January of 1976). Dl, D6. 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. 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. Peter J. In fact, in 1995 he was key in orchestrating the successful merger between the Dime and Anchor Savings Bank. They have three grown children: Gregory, Leslie, and Rebecca. Richard Dean "Dick" Parsons was born in Brooklyn, New York. "Renaming our company will strengthen the identity of the AOL brand name among consumers," the CEO said in a written statement reported on CNNMoney.com. April 21, 2021 11:45 am ET. President Ford also used his services, first as a general. This degree is awarded by the Board of Regents to individuals distinguished by their national or international reputation or accomplishments in scholarship, public service, profession, industry, or other areas. As associate director, Parsons succeeded Geoffrey Shepard in handling general government, which included justice, treasury, commerce, the postal service, civil rights, and drugs. But in 2008, he was less of a doting husband when he fathered a daughter, Ella . In his 11 years with the firm, he made his mark in both corporate law and civil litigation. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. ." He has claimed that race was never a defining character in his life. did desi arnaz jr have a stroke; moose tracks vs cow tracks ice cream They credit him with keeping employees informed every step of the way, at one point even producing several videos that were distributed to employees. When Albright departed the Dime, Parsons became chairman and CEO. "The Man Behind the Merger." Parsons, however, was an extremely bright young man, who went on to graduate from high school when he was just sixteen years old. "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. Notable Black American Men, Book II. During his eleven years with the firm he was successful in both corporate law and civil litigation. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. In 1977, he returned to New York, and at the request of former U.S. Deputy Attorney General Harold R. Tyler Jr., he joined the law firm of Patterson, Belknap, Webb & Tyler. Richard D. Parsons, Counsel and Associate Director for Justice, Civil Rights, Drugs and Consumer Affairs: Files, 197477. ." George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. When Rockefeller was appointed Vice President of the United States, in 1974, Parsons followed him to Washington D.C., where he worked directly with President Gerald Ford. During his 11 years at the firm, Parsons took on Margaretta Rockefeller, the widow of Nelson (who had died in 1979), as a high-profile client. Mayor Giuliani later asked Parsons to become his Deputy mayor for Economic Development. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. (February 23, 2023). Lloyd, Fonda Marie, and Mark Lowery. He was the first black president and one of the highest-ranking blacks in corporate America. He quickly became a star in the firm and in just two years was named partner. 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. "I always knew I'd rise to the top; it never occurred to me that I couldn't.". . Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). 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. Parsons answered these reservations by promising to devote his full attention to his new $525, 000-a-year post. Parsons became chairman emeritus of the Partnership for New York City,[19] established by David Rockefeller in 1979,[20] who has known him for many years. 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. 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. Join Facebook to connect with Laura Parsons and others you may know. "Honorary Degrees Conferred by the University of Hawaii." 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. After Giuliani was elected, he named Parsons to be head of his transition council. 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.. Never. 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 Encyclopedia.com. Apparently it was the right decision. 11. 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. [CDATA[ Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. 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. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. 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." Named president of Dime Savings Bank of New York in 1988 even though he had had no previous experience in the banking industry, he masterminded a turnaround at the bank in just a few years. Niece of George W. Bush, Laura Bush, Doro Bush, Marvin Bush and Jeb . In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. 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. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. And most (February 23, 2023). By Scott Stump. Cite this article Pick a style below, and copy the text for your bibliography. I know the bank is in good hands.. In 2009, he had a child with model-philanthropist MacDella Cooper due to an extra-marital affair. Parsons, who owns a home on Block Island, is a child psychologist. Contemporary Black Biography. Editorial #: The world's most influential media company, however, was struggling. Birthplace: Brooklyn, NY Gender: Male Race or Ethnicity: Black Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Time Warner, 2002-07 Wife: Laura Bush Parsons (three children) Mistress: MacDella Cooper (model, one daughter) Daughter: Ella (b. Aug-2008 with Cooper) In 2000, Parsons guided the merger of Time Warner with America Online (AOL). University of Hawaii System.http://www.hawaii.edu/offices/bor/honorary/php?person=RP (Accessed 2 December 2005). Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. Decker, Ed "Parsons, Richard Dean 1948 Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. In African American Lives. Newzjunky - JCC Releases President's And Dean's Lists For Fall 2013 m.facebook.com. 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. I have other things I'm focused on." Encyclopedia.com. 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." From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. The biggest boost came from the film division, which had experienced an enormous success because of the Harry Potter and The Lord of the Rings series. 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. //
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