[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. Contemporary Black Biography. 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. 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. Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. 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. Eds. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. ." Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. It was either you go for it, or its gone forever, claimed Parsons mBlack Enterprise.Its not a bad time for me to make a move. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. ." 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. It was either you go for it, or its gone forever, claimed Parsons in Black Enterprise. Parsons also inherited a number of problems when he assumed his new post in January of 1995. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. Rockefellers influence on Parsons remained strong and prompted him to become a Republican whose views were liberal on social issues and conservative on economic ones. Parsons accepted the presidency for a reported salary of several million dollars a year. His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. He received a B.A. The world's most influential media company, however, was struggling. While in Hawaii, he also met his future wife, Laura Bush. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. Newzjunky - JCC Releases President's And Dean's Lists For Fall 2013 m.facebook.com. Bl, B3. As a result, the company struggled to maintain its credibility, its stock prices tumbled, and it faced $27 billion in debt. "I didn't have to think twice about it. To the extent that we've lost credibility, repairing it is important." (February 23, 2023). 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. During his eleven years with the firm he was successful in both corporate law and civil litigation. In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. Again, the business community was rocked by the news. 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. 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. In turn, Time Warner would have unlimited access to the ever-expanding Internet pipeline. . The Economicst (April 19, 2003). In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. Listen to article. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. agreed that friendly giant Richard Parsons had been just what the fractured titan needed. Bush, a full-time resident of the island for the past decade, is the owner of Albany Records, which produces "uncommonly classical" music by American composers; she was previously the manager of the Albany, New York, symphony. He was born on April 4, 1948, in the Bedford-Stuyvesant section of Brooklyn, New York, and was raised in the New York borough of Queens. View the profiles of people named Laura Parsons. Wall Street Journal, May 8, 1990, p. BIO; January 30, 1995, pp. Parsons assumed his post as president of Time Warner in January of 1995, a job that came with a reported multi-million dollar salary. Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. 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. A 2001 merger between Internet icon America Online (AOL) and Time Warner, a leader in the entertainment industry, had proven to be a failed experiment. In the latter post, Parsons focused on drug issues. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. When Robert Pittman stepped down as COO in June of 2002, Parsons quickly reorganized the company's top ranks by promoting some of Time Warner's former division chiefs. He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. Color her surprised! Born: March 28, 1946, in Chicago, Illinois., Public Company Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. 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 ." 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. "Parsons, Richard DETAILS. He joined the foundation's Board of Trustees in 2008. 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. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. Parsons skipped two grades and graduated from high school at the age of sixteen. Incorporated:l96S 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. //]]>. In 1994, Gerald Levin (1939), chairman of Time Warner (TW), openly recruited Parsons to take over as president of the company. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. 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. on August 30, 1968. 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. Richard Dean Parsons was born on April 4, 1948, in Brooklyn, New York. Encyclopedia.com. By Scott Stump. By the end of 1999, it was certified as a Texas Superstar which means it will show superior performance under Texas tough growing conditions in the Earth-Kind landscape. Ed. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. I like to be with the troops.. Bell, Gregory S., "Richard Dean Parsons." 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. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. For the next six years, he served as the number-two executive In 2003, Parsons announced the name change from AOL Time Warner to Time Warner. In the latter post, Parsons focused on drug issues. In his spare time he enjoys shooting pool and listening to music. Peter J. Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. 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. Parsons' grandfather, Judd, was a groundskeeper on Pocantico, part of the Rockefeller estate, long before Parsons became a protg of Nelson Rockefeller. He met with the then President-elect on Friday, November 7, 2008, along with many other economic experts, to discuss measures to solve the current economic crisis. Pick a style below, and copy the text for your bibliography. Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. [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. Therefore, that information is unavailable for most Encyclopedia.com content. Mayor Giuliani later asked Parsons to become his Deputy mayor for Economic Development. [25], On May 9, 2014, in the wake of the Donald Sterling racial remarks controversy, it was announced that Richard Parsons was appointed the interim CEO of the Los Angeles Clippers. Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. 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. "Parsons, Richard Levin, however, felt that Parsons was the right man for the job, and some business insiders were not that surprised. 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 gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). He ruminates for some time before addressing the. Training And Servicing Center. During that time he also earned the respect of the staff for his fair treatment. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. They have three grown children: 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. DI, D6. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Parsons took on the role of co-COO, sharing the job with Robert Pittman (1953), former president of AOL. Contemporary Black Biography. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. Observer, (London, England) December 9, 2001, p. 4. 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. The 'Laura Bush' Petunia was immediately submitted to extensive field testing in four regions of the state. ." Parsons began his career working as a lawyer and counsel for former New York governor Nelson Rockefeller. O de wurl aint flat,An de wurl aint roun,Hits one long stripHangin up an downJes Souf an Norf;Jes Norf an Souf. Employees: 14,500 In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. [16], In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world. "He intellectualizes outcomes and gets people to agree with his outcomes." 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." (September 18, 2003) http://money.cnn.com/2003/09/18/technology/aol_name (accessed on July 31, 2004). "That's what makes you different from your competition," he maintains. "Parsons, Richard Laura Lane Welch Bush (ne Welch; born November 4, 1946) is an American teacher, librarian, memoirist and author who was First Lady of the United States from 2001 to 2009. ." 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. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. He has claimed that race was never a defining character in his life. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. Assets: $47.4 billion [6] He skipped a grade in elementary school and another in high school. 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. Then, copy and paste the text into your bibliography or works cited list. Parsons became a board member for Time Warner, Inc., Phillip Morris, Tristar Pictures, Harvard University, and the Metropolitan Museum of Art. Parsons graduated from the University of Hawaii and earned his J.D. Parsons dealt with unhappy regulators. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard, "Parsons, Richard 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. 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. 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. Greater Minneapolis-St. Paul Area. After attaining her master's degree in library science at the University of Texas at Austin, she was employed as a librarian. He joined the foundation's board of trustees in 2008. "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." According to an article in Black Enterprise, Parsons feels that the Democrats believe in taking from one group to give to another one, while the Rockefeller Republicans espouse a policy of equipping a group with skills so that they can achieve what they need on their own. He also set out to streamline the bank's operations. 23 Feb. 2023
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