He paid his law school expenses by working as a part time janitor and later as an aide in the New York State Assembly. Parsons, who owns a home on Block Island, is a child psychologist. In addition to his work for Rockefeller and the Ford administration, the lawyer-turned-banker-turned media executive served in various political roles throughout his career. He became such a trusted adviser that in 1974, when Rockefeller headed to Washington to serve Some top officials at the bank questioned his appointment, both because of his lack of experience in the banking industry and his previous work in government that made him likely to leave the company for the political arena. Peter J. (Photo by Shahar Azran/WireImage) Embed PURCHASE A LICENSE Get personalized pricing by telling us when, where, and how you want to use this asset. [16], In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world. //]]>. Many doubted that he could succeed at Time Warner, which was considered to be a media giant, controlling virtually all aspects of the industry, including television (CNN, HBO, Turner Classic Movies, WB Network); film (Warner Brothers, New Line Cinema); publishing (magazines such as Time, People, and Sports Illustrated ); and music (Warner Music Group). The proud parents were by Jenna's side when she married her husband, Henry Hager, in. Its a statement by and to corporate America that there are no more areas where African Americans havent succeeded, he told the New York Times in 1990. 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. 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. Hu, Jim. Greater Minneapolis-St. Paul Area. Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. BusinessWeek Online (May 19, 2003) http://www.businessweek.com/magazine/content/03_20/b3833001_mz001.htm (accessed on July 29, 2004). Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. Named president of Dime Savings Bank of New York in 1988 even though he had no previous experience in the banking industry, he masterminded a turnaround at the bank in just a few years. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. 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. Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. He was involved in sports at the University of Hawaii; the six-foot-four-inch Parsons played basketball, was the social chairman of his fraternity, but was unenthusiastic about academics. His 43 . The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. Richard Parsons has become one of the most prominent figures in American business, without rising through the usual ranks required to reach a high-level corporate position. Its a statement by and to corporate America that there are no more areas where African Americans havent succeeded, he told the New York Times in 1990. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. The most he did at the time was to learn to . In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. Parsons remained optimistic, but he proceeded cautiously. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." 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. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. 2008 redeem team starting 5; who is sarah davis married to; L. Mpho Mabunda and Shirelle Phelps. Editorial #: Assets: $47.4 billion Business executive Richard Parsons has been called a teddy bear, a master diplomat, and a charmer, but perhaps the best description that has been applied to him is "friendly giant." 2019Encyclopedia.com | All rights reserved. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. Contemporary Black Biography. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. . [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. Decker, Ed "Parsons, Richard Dean 1948 "I always knew I'd rise to the top; it never occurred to me that I couldn't.". Stock Index: New York In his 11 years with the firm, he made his mark in both corporate law and civil litigation. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. 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." ." Contemporary Black Biography. He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. In doing so, he became the first African American to head a lending institution of such proportion. Black Firsts. Many, however, questioned the appointment since Parsons had no real experience in the banking industry. He also met a deputy attorney general, Harold R. Tyler, and one of his aides, a young Rudolph W. Giuliani, with whom he was to be closely associated supporting him in his campaign for New York mayor and heading his transitional council.[8]. Black Enterprise, 25 (October 1994): 69-76. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. 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. Some top officials at the bank questioned his appointment, both because of his lack of experience in the banking industry and his previous work in government that made him likely to leave the company for the political arena. He was raised in the rough neighborhood of Jamaica, New York, a city in Queens County. Observer, (London, England) December 9, 2001, p. 4. Parsons worked part-time as a janitor to pay his way through the University of Albany Law School in New York, and when he graduated in 1971, it was at the top of his class. He serves on the board of several cultural institutions, including the Museum of Modern Art and Lincoln Center. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. 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. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. Born in Midland, Texas, Bush graduated from Southern Methodist University in 1968 with a bachelor's degree in education, and took a job as a second grade teacher. [17][18], 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. . 23 Feb. 2023 Nevada Guides And Outfitters,
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