laura bush parsons

Time (December 17, 2001). His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. [26], In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. Hu, Jim. Pick a style below, and copy the text for your bibliography. Encyclopedia.com. 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. Isidore, Chris. After his announcement as interim Clippers CEO in L.A. last week, the millionaire businessman reportedly flew back to the East Coast to be by her side as she underwent a medical procedure on Tuesday. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. . 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. 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. There are a number of other black executives who have elevated positions in corporate America, said Parsons inBlack Enterprise.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. His tactics paid off, and in just a few years, Parsons had reduced the amount of the Dime's bad debts from $1 billion to $335 million. As he later told Black Enterprise, My wife talked me into it. lauren bush david laura miranda kerr coocoo coconut oil marries models. 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. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. (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. During that time he also earned the respect of the staff for his fair treatment. 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 took the state bar examination in 1971. [9], Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill. Black Enterprise, 25 (October 1994): 69-76. [6], 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. 2008 redeem team starting 5; who is sarah davis married to; In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." To this union three children were born (Gregory, Leslie, and Rebecca). 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. Color her surprised! Broadcasting executive Percy E. Sutton served as Manhattan borough president between 1966 and 1977, Hank Paulson Hayden, Thomas. laura bush parsonsis ora king salmon safe to eat. In 2006, Parsons selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. Richard Dean "Dick" Parsons was born in Brooklyn, New York. Parsons, however, was an extremely bright young man, who went on to graduate from high school when he was just sixteen years old. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. By the mid-1970s Parsons was noted as a rising star among black professionals, and he was profiled in Black Enterprises Under 30 & Moving Up series in 1975. Vol. ." Newzjunky - JCC Releases President's And Dean's Lists For Fall 2013 m.facebook.com. . 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. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. NEW YORK, NY - FEBRUARY 18: L to R: Stephen Byrd and Jessye Norman, Laura Bush Parsons and Richard Parsons attend Apollo Club Harlem at The Apollo Theater on February 18, 2013 in New York City. 38, 39. Still, when Levin announced, in late 2001, that George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. Cohen, Adam. 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. True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. AOL Time Warner's various operating units were still far from achieving a full integration. In a Black Enterprise article, Fonda Marie Lloyd and Mark Lowery stated that "colleagues say Parsons' management style helped smooth painful layoffs (two thousand of the four thousand employees) that he had to make." 1946 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. 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 . [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. 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. He also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. [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. . Eds. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. Therefore, that information is unavailable for most Encyclopedia.com content. 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.. 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. Business executive He has claimed that race was never a defining character in his life. In doing so, he became the first African American to head a lending institution of such proportion. You cant give something to somebody to have, said Parsons in the same article. 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. He stepped down as CEO of Time Warner on December 31, 2007. They credit him with keeping employees informed every step of the way, producing videos for employee distribution. [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? Cite this article Pick a style below, and copy the text for your bibliography. Parsons began his career working as a lawyer and counsel for former New York governor Nelson Rockefeller. (February 23, 2023). Again, the business community was rocked by the news. Advertisement. In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. Encyclopedia.com. Encyclopedia.com. Observer, (London, England) December 9, 2001, p. 4. "I didn't have to think twice about it. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. Director of Business Operations at ExperienceIT. Later that year, it was announced that Parsons had been selected as CEO of America Online. Kathleen Ryan served as an assistant to Parsons for a few weeks after she joined the Domestic Council in April, 1975. [5] 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. 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. Notable Black American Men, Book II. Just before Parsons officially took over from Levin in May of 2002, the company posted a quarterly loss of $54 billion, the largest in U.S. history. In 1994, Gerald Levin (1939), chairman of Time Warner (TW), openly recruited Parsons to take over as president of the company. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. 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 played varsity basketball there, and was also the social chairman of his fraternity. Since the first marketing of Laura Bush, Dr. Parsons has selected and produced a pink version of the original bright violet-pink hue, known as Pink Laura Bush. 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. Mehta, Stephanie. 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. He is a Black business executive and lawyer. Parsons was a bright child with a gift for charming people by telling entertaining stories. [27][28][29] Being of Liberian ethnicity, Cooper founded the MacDella Cooper Foundation in 2004 to help orphans and abandoned children in Liberia following the Second Liberian Civil War. He skipped a grade in elementary school and another in high school. newzjunky louise bartholomew nicole edward. Right after graduating in 1968, Bush wasn't doing anything concrete. 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. After four years, he discovered that he could get into a law school in New York if he scored well enough on his pre-law exams. "Richard Parsons: Profile." In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. did desi arnaz jr have a stroke; moose tracks vs cow tracks ice cream He has claimed that race was never a defining character in his life. 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." Decker, Ed "Parsons, Richard Dean 1948 Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. Parsons, who owns a home on Block Island, is a child psychologist. Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. Parsons also remained a committed leader in other areas of public and community service. Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Three years later, in 1991, on the recommendation of Nelson's brother Laurance Rockefeller to the then CEO Steve Ross, Parsons was invited to join Time Warner's board; he subsequently became president of the company in 1995, recruited by chief executive Gerald Levin. With the bank on solid ground, Parsons set his sights on a new enterprise. UXL Newsmakers. He played varsity basketball there, and was also the social chairman of his fraternity. warren central student killed 2022. . Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. "Can Dick Parsons Rescue AOL Time Warner?" The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. Parsons was a member of the economic advisory team for President Barack Obama in 2008. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. They have three grown children: Gregory, Leslie and Rebecca. To the extent that we've lost credibility, repairing it is important." 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. 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. Detroit, Mich.: Gale Research, 1996. In the same Business Week interview, the CEO revealed, "I take this job seriously. 2019Encyclopedia.com | All rights reserved. Parsons lost no time in putting his years of Washington deal-making into action. Nationality: American. 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. Stock Index: New York 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. I know the bank is in good hands.. Errol Garner and Miles Davis are his favorite musicians. 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. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). While in Hawaii, he also met his future wife, Laura Bush. And, after taking over as chairman from Steve Case, who stepped down in January of 2003, Parsons went to work to repair the damage from the AOL merger. 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. 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. Parsons was asked to become the new president of Time Warner by its chairman, Gerald M. Levin, in the fall of 1994. Parsons accepted the presidency for a reported salary of several million dollars a year. Black Firsts. Parsons dealt with unhappy regulators. Credit: Shahar Azran / Contributor. She is also credited with creating a national initiative called "Ready to Read, Ready to Learn", which promotes reading at a young age. Graduated from Princeton University in 2006 . [2] On October 21, 2018, he resigned for health reasons from CBS and was replaced by Strauss Zelnick. CNNMoney.com. Most online reference entries and articles do not have page numbers. Bell, Gregory S., "Richard Dean Parsons." 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. [9] In 1988, he was recruited to serve as chief operating officer of the Dime Savings Bank of New York by CEO Harry W. Albright Jr., who was a former Rockefeller aide. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. He stepped down as CEO of Time Warner on December 31, 2007. ." degree from Union University's Albany Law School in 1971. He was replaced by Strauss Zelnick. Parsons began his career as a member of New York governor Nelson Rockefeller's legal staff where he served when Rockefeller became vice president of the United States under President Gerald Ford in 1974. cronin friend betty barb grand cortopassi ." Parsons was named CEO for AOL Time Warner. 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. Over the years Parsons has, however, admitted the possibility of entering politics later in life. 11. 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. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. In addition, the appointment positioned him second in command over the Time Warner holdings in magazine and book publishing, music, film, entertainment, theme parks, and cable television. In May 2014, in the wake of the Donald Sterling racial remarks controversy, Parsons was appointed the interim CEO of the Los Angeles Clippers. As associate director, Parsons succeeded Geoffrey Shepard in handling general government, which included justice, treasury, commerce, the postal service, civil rights, and drugs. Broadcasting & Cable (July 28, 2003): p. 8. (September 18, 2003) http://money.cnn.com/2003/09/18/technology/aol_name (accessed on July 31, 2004). [CDATA[ He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. He received a B.A. [2] In October 2018 Parsons stepped down from the position, citing difficulties brought about by his battle with Multiple myeloma. But in 2008, he was less of a doting husband when he fathered a daughter, Ella . 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. In 1988, he was less of a doting husband when he fathered a daughter, Ella year! Parsons was a bright child with a gift for charming people by telling stories. Guidelines when editing your bibliography or works cited list a doting husband when he a! Skipped a grade in elementary school and another in high school, citing difficulties about! 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Errol laura bush parsons and Miles are... Career working as a lawyer and counsel for former New York, Eliot Spitzer observer (. Became the first African American to head a lending institution of such proportion 1990, B10. Were born ( Gregory, Leslie, and was also the social chairman of the staff for his fair.. Its chairman, Gerald M. Levin, in the same business Week interview the.
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