O de wurl aint flat,An de wurl aint roun,Hits one long stripHangin up an downJes Souf an Norf;Jes Norf an Souf. After graduation, he attended college at the University of Hawaii, where he excelled both academically and socially; Parsons was a varsity basketball player and the social chairman of his fraternity. Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. My wife became my focus and the person to whom I owed my best. His plans to become a fighter pilot were redirected to law school largely due to Bushs influence. Here, the little . Levin, however, felt that Parsons was the right man for the job, and some business insiders were not that surprised. "I didn't have to think twice about it. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 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. In a Black Enterprise article, he openly rejected the Democrats' philosophy of taking from one group to give to another. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. After attaining her master's degree in library science at the University of Texas at Austin, she was employed as a librarian. 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. In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the well-being of humanity worldwide. He was also in charge of the legal department and human resources. It was either you go for it, or its gone forever, claimed Parsons in Black Enterprise. Hard work has been a crucial component of the Parsons success story, a value he claims to have learned from his father. I know the bank is in good hands.. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. It is like air. 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. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. 11. Encyclopedia.com. 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. "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." 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. Ed Decker and Christine Miner Minderovic. Parsons's tenure with Rockefeller and Ford opened up many doors for him and brought him to nationwide attention as an up-and-coming young executive. A gregarious and thoughtful man, Mr. Parsons has risen by winning the affection and loyalty of influential mentors, wrote Laurence Zuckerman in the New York Times. warren central student killed 2022. According toEbony, 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., 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. (2 minutes) Former President George W. Bush, 74, is the author of "Out of Many, One: Portraits of America's Immigrants" (Crown). In the Washington Post, Levin called Parsons an exceptional business leader with the broad experience, financial acumen and the knowledge of our business that will strengthen and solidify our corporate management., Parsons accepted the presidency for a reported salary of several million dollars a year. 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. ." As he later told Black Enterprise, My wife talked me into it. President Ford also used his services, first as a general council and then as associate director of the domestic council. In 2006, Parsons selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. 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. 1946 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." With the bank on solid ground, Parsons set his sights on a new enterprise. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. 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.. In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. While in Hawaii, he also met his future wife, Laura Bush. Richard Dean Parsons was born on April 4, 1948, in Brooklyn, New York. Detroit, Mich.: Gale Research, 1996. In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. 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). Parsons was accepted by Albany Law School of Union University, New York, earning a Juris Doctor in 1971, finishing at the top of his class. Parsons is also on the board of the family-created Museum of Modern Art. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." Parsons accepted the presidency for a reported salary of several million dollars a year. The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. laura bush parsonsis ora king salmon safe to eat. "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. "Parsons, Richard ." [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. "Time Warner Drops AOL Name." ." As one AOL shareholder told Business Week, "Dick is the right guy to be running the company right now." "Parsons Faces Major Test in Unifying AOL Time Warner." In 2001, President George W. Bush appointed Parsons along with former U.S. senator Daniel Moynihan to a commission to strengthen Social Security Program changes. Judge Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. But in 2008, he was less of a doting husband when he fathered a daughter, Ella . Critical to the next chapter in the Parsons success story was his work with the Dimes Saving Bank of New York, which he provided with legal counsel for about six years while with Patterson, Belknap, Webb&Tyler. [7] After four years, he was seven credits short of his diploma. Some predicted a future in politics for Parsons. Broadcasting & Cable (July 28, 2003): p. 8. In addition, Parsons provided legal counsel to several major U.S. corporations, including the Dimes Savings Bank of New York, the largest savings and loan institution in the state. He has claimed that race was never a defining character in his life. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. 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. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. Just twenty-three years old, and fresh out of law school, Parsons landed a job as an aide on the legal staff of Nelson Rockefeller (19081979), the governor of New York. Parsons answered these reservations by promising to devote his full attention to his new $525, 000-a-year post. ." In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. 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. ." Fortune (August 8, 2004). Save. [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. Wall Street Journal, May 8, 1990, p. BIO; January 30, 1995, pp. 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. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. 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. In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. Contemporary Black Biography. Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. cronin friend betty barb grand cortopassi He became the first African American male to manage a financial institution of Dime's size and reduce the bank's debt from $1 billion to $335 million. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. After taking on the job of chairman and chief executive officer (CEO) of the Dime in 1990, Parsons continued to set the bank on its comeback course. 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. During that time he also earned the respect of the staff for his fair treatment. Parsons was accepted by Albany Law School of Union University, New York, where he earned a Juris Doctor in 1971, finishing at the top of his class. degree from Union University's Albany Law School in 1971. Over the years Parsons has, however, admitted the possibility of entering politics later in 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. During his 11 years at the firm Parsons took on Happy Rockefeller, the widow of Nelson (who had died in 1979) as a high-profile client. And most The merger was made official in 2001, when AOL purchased Time Warner for a reported $168 billion. Contemporary Black Biography. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. Parsons graduated from the University of Hawaii and earned his J.D. He also earned staff respect at Dime with his fair treatment of personnel. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. 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 That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. 23 Feb. 2023 . Join Facebook to connect with Laura Parsons and others you may know. The process is rolling forward, even if it isnt moving as fast as some of us would like. Despite his distinction as a high-ranking black in business, Parsons downplays the racial aspects of his success. BusinessWeek Online (May 19, 2003) http://www.businessweek.com/magazine/content/03_20/b3833001_mz001.htm (accessed on July 29, 2004). He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. 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. In Washington, the young lawyer also worked directly with President Gerald Ford (1913), first as general counsel and then as an associate director of the domestic council. Landler, Mark "Watch Your Back, Mr. Parsons" Business Week (14 November 1994): 38-39. 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. "AOL Time Warner Still Fixing Holes." To the extent that we've lost credibility, repairing it is important." According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. Parsons later lived in a guesthouse on the estate. "[11] In December 2001, it was announced that Levin would retire and Parsons had been selected as his successor. 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. Encyclopedia.com. Parson changed his attitude dramatically (from negative to positive) and reached a turning point when he met and later married Laura Ann Bush, a child psychologist, Broadcasting executive Percy E. Sutton served as Manhattan borough president between 1966 and 1977, Hank Paulson He stepped down as CEO of Time Warner on December 31, 2007. In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. He ruminates for some time before addressing the. B1, B3. 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. I like to be with the troops.. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). He was replaced by Strauss Zelnick. The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. Parsons was asked to become the new president of Time Warner by its chairman, Gerald M. Levin, in the fall of 1994. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. They have three grown children: Gregory, Leslie, and Rebecca. Peter J. Birthday: April 4, 1948 ( Aries) Born In: New York, New York, United States 1 0 Bankers #114 CEOs #466 Business People #1921 Quick Facts Also Known As: Richard Dean Parsons, Dick Parsons Age: 74 Years, 74 Year Old Males Family: Spouse/Ex-: Laura Bush Parsons children: Gregory Allen Parsons CEOs Bankers Height: 6'4" (193 cm ), 6'4" Males After Giuliani was elected, he named Parsons to be head of his transition council. 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. Encyclopedia.com. (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. 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. Therefore, that information is unavailable for most Encyclopedia.com content. Parsons was a member of the economic advisory team for President Barack Obama in 2008. lauren bush david laura miranda kerr coocoo coconut oil marries models. Graduated from Princeton University in 2006 . 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. He also expanded his web of connections, taking on such high-profile clients as Happy Rockefeller (1926), the widow of Nelson Rockefeller, and cosmetics giant Este Lauder. (February 23, 2023). Listen to article. Admiration for Parsonss skills in the business world resulted in his being courted as a board member for a number of leading companies and institutions, including Time Warner Inc., Philip Morris, Tristar Pictures, Howard University, and the Metropolitan Museum of Art. Parsons and his wife Laura own a vineyard in Montalcino, Italy. As he later told Black En terprise, My wife talked me into it. 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.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. 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. 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. [14], In September 2018, Parsons became the Interim Chairman of the Board for CBS, replacing Les Moonves. Parsons was a bright child with a gift for charming people by telling entertaining stories. Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. CNET News.com (April 3, 2002) http://news.com.com/2009-1023-873910.html (accessed on July 29, 2004). Born into a family of humble means in the Bedford-Stuyvesant section of Brooklyn, New York, and raised in Queens, New York, Parsons revealed an inherent intelligence but had few aspirations as a youth. He graduated number one in his class of more than 100 students at the age of 23, then received the highest marks among 3,600 lawyers who. 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. He was one of five children. Bianco, Anthony, and Tom Lowry. 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. 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. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 "Getting your team together is the more important thing." He also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. Parsons worked at various odd jobs, including in a parking garage and gas company to support himself while at the University of Hawaii. 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). 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