In his 11 years with the firm, he made his mark in both corporate law and civil litigation. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. It is like air. 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. 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. President Ford also used his services, first as a general. As a result, Parsons became known as the consummate gentleman executive. For the next six years, he served as the number-two executive Llewellyn, J. Bruce 1927 Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. April 21, 2021 11:45 am ET. 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. Three years later, in 1991, he was invited to join Time Warner's board; he subsequently became president of the company in 1995 and helped negotiate the company's merger with America Online in 2000. 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. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. warren central student killed 2022. The Economicst (April 19, 2003). //]]>. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. 23 Feb. 2023 . Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. It also brought Parsons to the attention of high-ranking people who later sought his services. 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. 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. Incorporated:l96S Bell, Gregory S., "Richard Dean Parsons." 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 . During her "report" Parsons talked about a lot of thingsthat happened in this week's news cycle, such as Ken Bone's rise to viral fame and subsequent crash back to Earth due to some unearthed. 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. [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. In 1999, when AOL and Time Warner merged, parsons became the co-chief operating officer, a position shared with Bob Pittman. 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. 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. Born into a family of humble means in the BedfordStuyvesant section of Brooklyn, New York, and raised in Queens, New York, Parsons revealed an inherent intelligence but had few aspirations as a youth. When Rudolph Giuliani (1944) was elected mayor of New York in 1993, Parsons headed his transitional council; he served on the transition team when Michael Bloomberg (1942) became the mayor of New York in 2001; and that same year, he was named co-chair of President George W. Bush's Social Security Commission. 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. Encyclopedia.com. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. Farmington Hills, Mich.: Thomson Gale, 2003. CNNMoney.com (December 5, 2001) http://money.cnn.com/2001/12/05/ceos/parsons_profile (accessed on July 29, 2004). Hard work has been a crucial component of the Parsons success story, a value he claims to have learned from his father. Restrictions: Contact your local office for all commercial or promotional uses. He quickly became a star in the firm and in just two years was named partner. Contemporary Black Biography. Served as assistant counsel to Governor Nelson Rockefeller, Albany, NY, 197174; 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, 197577; Patterson, Belknap, Webb & Tyler (law firm), New York, NY, attorney, 197788, became partner, 1979; Dime Savings Bank of New York (became Dime Bancorp, 1995), New York, NY, chief operating officer, 198890, chairman and chief executive officer, 199095; named head of mayor-elect transition council, New York, NY, 1993; served as chairman of New York Citys Economic Development Corporation; Time Warner Inc., New York, NY, president, 1995 Member of presidential Drug Task Force; chairman, Wildcat Service Organization. In 2015, Parsons was diagnosed with multiple myeloma, a rare blood cancer. 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 The Parsons appointment was not without controversy at Time Warner. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. 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 . He also set out to streamline the bank's operations. 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. . degree from Union University's Albany Law School in 1971. Parsons was a bright child with a gift for charming people by telling entertaining stories. Smith, Jessie Carney, ed. 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. 23 Feb. 2023 . In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. window.__mirage2 = {petok:"Olb1PN4AOYQxfgUm1EldB37uVPcj4uBa8eBE3X8k2lQ-86400-0"}; With a calm, cool-headed resolve, he doggedly tackled the problems that lay ahead. Time Warner faced its biggest challenge in 2000 when it announced plans to merge with America Online (AOL), which by the late 1990s had evolved into the nation's leading Internet provider. It was either you go for it, or its gone forever, claimed Parsons in Black Enterprise. 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 dont do anything differently than I would otherwise because I have that responsibility to my family, he told the New York Times in 1994. Mayor Giuliani later asked Parsons to become his Deputy mayor for Economic Development. In 1988, just when it seemed that Parsons was poised to become head of his law firm, the news was announced that he had accepted the position of chief operating officer (COO) of the Dime. Parsons dealt with unhappy regulators. 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. 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. [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. Nationality: American. Then, they dont value it. Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. In 2006, Parsons was selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. I like to be with the troops.. Newsweek (January 24, 2000): p. 36. A lawyer and politician, John Vliet Lindsay (born 1921) was a member of the U.S. Congress from 1959 to 1965 and mayor of New York, https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948, https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, http://news.com.com/2009-1023-873910.html, http://money.cnn.com/2003/09/18/technology/aol_name, http://money.cnn.com/2001/12/05/ceos/parsons_profile, https://www.encyclopedia.com/general/culture-magazines/parsons-richard, http://www.hawaii.edu/offices/bor/honorary/php?person=RP, https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. [16], In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world. "Parsons, Richard Save. By Scott Stump. It just isn't for me. In 2003, Parsons made the announcement of the name change from AOL Time Warner to simply Time Warner. [CDATA[ 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. Under President Gerald Ford, Parsons became a senior White House aide and served as a general counsel and an associate director of the Domestic Council. [21], In August 2006, an article in New York Magazine reported that Parsons would likely run for Mayor of New York City in the 2009 New York mayoral election. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. ", Analysts wondered about the future of AOL even as Parsons continued to play peacemaker, overseeing Monday morning meetings with his various managers and promising harmony between teams. While in Hawaii, he also met his future wife, Laura Bush. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. 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. 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. Never. Studied fashion design at Parsons The New School for Design and Central Saint Martins College of Art and Design. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. Parsons also inherited a number of problems when he assumed his new post in January of 1995. Still, when Levin announced, in late 2001, that Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). 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. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948, Decker, Ed "Parsons, Richard Dean 1948 Encyclopedia.com. 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. 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