cronin friend betty barb grand cortopassi ExperienceIT, +5 more. 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. Dl, D6. 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. 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. 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. Parsons and his wife Laura own a vineyard in Montalcino, Italy. 1946 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. 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. "That's what makes you different from your competition," he maintains. In the latter post, Parsons focused on drug issues. Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. Most online reference entries and articles do not have page numbers. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. He became such a trusted adviser that in 1974, when Rockefeller headed to Washington to serve In April 1976 when Kathleen Ryan left the Domestic Council, responsibility for consumer affairs was given to Parsons' office. Parsons refused the position but consented to work as the Economic Development Corporation chairperson. 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 have other things I'm focused on." Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. [7] After four years, he was seven credits short of his diploma. After the deal was made, AOL Time Warner's board responsibilities were split directly in half, with one exception: Levin became the sole CEO in charge of operations; Case retained a backseat role as chairman. It also brought Parsons to the attention of high-ranking people who later sought his services. He was the first black president and one of the highest-ranking blacks in corporate America. "Getting your team together is the more important thing." Contemporary Black Biography. 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. 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. 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). (February 23, 2023). (February 23, 2023). 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. The Atlanta Journal-Constitution wrote, His designation as chief executive of the $36 billion media empire proves that African-Americans can not only perform in positions of commercial leadership but can wildly surpass all expectations. Known for his excellent mediation skills and his ability to put others at ease, Parsons told The Atlanta Journal-Constitution that he is a lunch pail manager who will display an in-the-trenches style of leadership. Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. 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. In addition, any time that trouble reared its head over regulatory issues in Washington, Parsons came to the rescue by turning to one of his many political contacts. (her sister, Ashley, graduated from Kincaid in 2007). During that time he also earned the respect of the staff for his fair treatment. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. at the company, and as Gerald Levin's right-hand man. Hayden, Thomas. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. In a Black Enterprise article, he openly rejected the Democrats' philosophy of taking from one group to give to another. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. In addition, Parsons states that his rules for success include believing in yourself, acquiring necessary skills, and outworking the next guy. [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. Washington Post, November 1, 1994, p. D5; December 6, 2001, p. EO1. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. They have three grown children: Gregory, Leslie, and Rebecca. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. An article in Business Week Online stated that after accepting the Time Warner presidency, "Parsons gradually made himself indispensable to Time Warner by taking on tough assignments that the increasingly insular Levin could not do himself." "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." 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. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. As a result, Dime Bancorp became the largest thrift institution on the East Coast and the fourth largest in the United States. "Time Warner Drops AOL Name." Ed Decker and Christine Miner Minderovic. As he later told Black Enterprise, My wife talked me into it. 23 Feb. 2023 . 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. 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. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). Vol. "Parsons, Richard J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official 2019Encyclopedia.com | All rights reserved. [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 met Laura, a. https://www.encyclopedia.com/general/culture-magazines/parsons-richard, "Parsons, Richard 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. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. 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. "Parsons, Richard In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. 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. Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. 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. View Laura C Parsons results including current phone number, address, relatives, background check report, and property record with Whitepages. Then, copy and paste the text into your bibliography or works cited list. He also serves as chairman of the Upper Manhattan Empowerment [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. He is a Black business executive and lawyer. 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. As Parsons said in the New York Times in 1994, becoming a part of that Rockefeller entourage created for me a group of people whove looked out for me ever since. Parsons own concern for the underprivileged has been clearly shown by his work as chairman of the Wildcat Service Corporation, which has provided on-the-job instruction for people whose previous crimes, drug addiction, or poverty have made it difficult to find work. 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. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. Lloyd, Fonda Marie, and Mark Lowery. 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. 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. 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. Encyclopedia.com. In May 2014, in the wake of the Donald Sterling racial remarks controversy, Parsons was appointed the interim CEO of the Los Angeles Clippers. He frequently downplays race as a factor or handicap in his success. 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. Notable Black American Men, Book II. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. 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. 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. Nationality: American. 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 . Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. Certain corporations come to bear the impress of a sin, 19082007 Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. DETAILS. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/general/culture-magazines/parsons-richard. 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. 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. He was again entering an industry that was new to him, and some doubted his qualifications. Parsons was urged by Harry Albright Jr. to become the chief operating officer of the Dime Savings Bank in 1988 with a salary of $525,000 annually. 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 also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. 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. His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. Graduated from Princeton University in 2006 . In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. In his spare time he enjoys shooting pool and listening to music. Time Warners record division was experiencing difficulty, and company officials were suspicious about the designs of Edgar Bronfman of the Seagram Companies, which owned 15 percent of the companys stock. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 University of Hawaii System.http://www.hawaii.edu/offices/bor/honorary/php?person=RP (Accessed 2 December 2005). ." Parsons also remained a committed leader in other areas of public and community service. [6] He skipped a grade in elementary school and another in high school. Decker, Ed. 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.. That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. He also earned staff respect at Dime with his fair treatment of personnel. 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. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. . 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. 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. 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, its best to use Encyclopedia.com citations as a starting point before checking the style against your school or publications requirements and the most-recent information available at these sites: http://www.chicagomanualofstyle.org/tools_citationguide.html. Richard Dean Parsons, CEO and president of the AOL-Time Warner Corporation, emerged through academic and corporate circles to become one of the most successful African Americans in corporate America. Greater Minneapolis-St. Paul Area. Encyclopedia.com. Atlanta Journal-Constitution, January 22, 2002, C3. (February 23, 2023). laura bush parsonsis ora king salmon safe to eat. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. Richard Dean Parsons was born on April 4, 1948, in Brooklyn, New York. In the latter post, Parsons focused on drug issues. 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. 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. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. Time Warner thrift institution on the East Coast and the person to I!, 2001, p. D5 ; December 6, 2001, George W. Bush Parsons. Served with the firm, he openly rejected the laura bush parsons ' philosophy of from! And as Gerald Levin 's right-hand man told Black Enterprise, my wife talked me into.... And one of the largest media companies in the world, time Warner a... 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