laura bush parsons

Birthplace: Brooklyn, NY Gender: Male Race or Ethnicity: Black Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Time Warner, 2002-07 Wife: Laura Bush Parsons (three children) Mistress: MacDella Cooper (model, one daughter) Daughter: Ella (b. Aug-2008 with Cooper) ." [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. UXL Newsmakers. In doing so, he became the first African American to head a lending institution of such proportion. Kathleen Ryan served as an assistant to Parsons for a few weeks after she joined the Domestic Council in April, 1975. "Time Warner Drops AOL Name." He was replaced by Strauss Zelnick. Business executive Richard Parsons has been called a teddy bear, a master diplomat, and a charmer, but perhaps the best description that has been applied to him is "friendly giant." Parsons was born in the economically disadvantaged Bedford-Stuyvesant neighborhood of Brooklyn, New York on April 14, 1948 to Lorenzo Locklair, an airline technician (who installed and repaired electronic navigation systems for the Sperry Rand Company), and Isabelle Judd Parsons (a homemaker). He ruminates for some time before addressing the. 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." Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. Parsons later became chairman and CEO[8] and oversaw a merger with Anchor Savings Bank, gaining a substantial sum when the Dime Bank was demutualized. 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. 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. Here, the little . Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. Apparently it was the right decision. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. Again, the business community was rocked by the news. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Michael Rogers is a salesman for Oracle software, In this segment, he shares career advice through the software industry. Therefore, that information is unavailable for most Encyclopedia.com content. Henry Louis Gates Jr. New York: Oxford University Press, 2004. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0. (February 23, 2023). Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. 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. https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard, "Parsons, Richard 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. Richard D. Parsons, Counsel and Associate Director for Justice, Civil Rights, Drugs and Consumer Affairs: Files, 197477. In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. 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. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 On May 16, 2001, Parsons replaced Gerald Levin as CEO of the AOL-Time Warner 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. He stepped down as CEO of Time Warner on December 31, 2007. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. 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. 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. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. 23 Feb. 2023 . Pick a style below, and copy the text for your bibliography. After Giuliani was elected, he named Parsons to be head of his transition council. For the next six years, he served as the number-two executive 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. However, the date of retrieval is often important. Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. 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. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official at the company, and as Gerald Levin's right-hand man. . 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, New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. April 20, 2021, 9:57 AM PDT / Source: TODAY. 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 fact, in 1995 he was key in orchestrating the successful merger between the Dime and Anchor Savings Bank. "That's what makes you different from your competition," he maintains. 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. 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. The Dimes' nonperforming assets were nearly 11 percent of the total assets by year 1991 in addition to $1 billion in bad debt. Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. Washington Post, November 1, 1994, p. D5. The world's most influential media company, however, was struggling. 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. He frequently downplays race as a factor or handicap in his success. At the same time people speculated about what role Parsons would play in Time Warner's future. . Parsons' grandfather, Judd, was a groundskeeper on Pocantico, part of the Rockefeller estate, long before Parsons became a protg of Nelson Rockefeller. "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." 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. 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. Greater Minneapolis-St. Paul Area. ." 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. Farmington Hills, Mich.: Thomson Gale, 2003. When Parsons was named chief executive officer (CEO) in 2002 and chairman in 2003, he became one of the most powerful executives in the United States, but he also inherited a mountain of problems. Contemporary Black Biography. Save. Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. 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. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. Parsons was a member of the economic advisory team for President Barack Obama in 2008. 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 Listen to article. Parsons was a bright child with a gift for charming people by telling entertaining stories. 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). [2] On October 21, 2018, he resigned for health reasons from CBS and was replaced by Strauss Zelnick. He was the first black president and one of the highest-ranking blacks in corporate America. Facebook gives people the power to. Encyclopedia.com. He is a Black business executive and lawyer. ", 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. 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. 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). "Richard Parsons: Profile." Time (December 17, 2001). But it's not my life. In 1993 Parsons was criticized by other blacks for supporting Rudolph Giuliani in the New York City mayoral race, instead of the incumbent Democrat, black mayor David Dinkins. In Contemporary Black Biography. 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. His involvement with Time Warner resulted in his developing close ties with important company executives such as Robert W. Morgado, the chairman of the Warner Music Group, and Michael J. Fuchs, chairman of HBO. Encyclopedia.com. "Richard Dean Parsons." His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. Apparently it was the right decision. In 1977 deputy attorney general Harold R. Tyler Jr. requested Parsons to come aboard at Patterson, Belknap, Webb, & Tyler where he became a partner in two years, a move that usually demands seven years. 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. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. . In a Black Enterprise article, he openly rejected the Democrats' philosophy of taking from one group to give to another. Restrictions: Contact your local office for all commercial or promotional uses. They have three grown children: Gregory, Leslie, and Rebecca. Hayden, Thomas. Many, however, questioned the appointment since Parsons had no real experience in the banking industry. [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. . Parsons was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. It just isn't for me. Graduated from Princeton University in 2006 . . [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." The conglomerate was also saddled with significant debt. He was involved in sports at the University of Hawaii; the six-foot-four-inch Parsons played basketball, was the social chairman of his fraternity, but was unenthusiastic about academics. Bl, B3. He also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. 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 . 23 Feb. 2023 . In the latter post, Parsons focused on drug issues. "Parsons Faces Major Test in Unifying AOL Time Warner." Landler, Mark "Watch Your Back, Mr. Parsons" Business Week (14 November 1994): 38-39. The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. Training And Servicing Center. Memberships: Member of presidential Drug Task Force; chairman, Wildcat Service Organization. Parsons graduated from the University of Hawaii and earned his J.D. He joined the foundation's board of trustees in 2008. 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. . in history from the University of Hawaii in 1968. 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." Atlanta Journal-Constitution, January 22, 2002, C3. It is like air. Encyclopedia.com. 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. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. 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. Value is associated with hard work.. . DI, D6. Smith, Jessie Carney, ed. The hope was that by combining forces they would make the most successful merger in history: AOL would have access to Time Warner's massive media content and it would be able to reach even more users thanks to TW's cable television operations. 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. 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. That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. Hu, Jim. Decker, Ed "Parsons, Richard Dean 1948 He also serves as chairman of the Upper Manhattan Empowerment [6] He skipped a grade in elementary school and another in high school. 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. 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. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. as vice president, Parsons was invited along. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. CNNMoney.com. From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. 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. on August 30, 1968. Never. Bell, Gregory S., "Richard Dean Parsons." (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. Under his tutelage the bank staged a remarkable comeback, largely through his massive overhauling of the banks management systems and work force. Beginning his legal career as an aide on New York governor Nelson Rockefellers legal staff, Parsons made a very favorable impression on the governor. 23, 2023 from Encyclopedia.com: https: //www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0 Chance. `` Richard Dean Parsons. unavailable. Warner. Affairs: Files, 197477 Mich.: laura bush parsons Gale, 2003 on... In his New $ 525,000-a-year post, AOL 's CEO, for several years Time-Warner 's Richard Parsons. after. 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