To this union three children were born (Gregory, Leslie, and Rebecca). He has claimed that race was never a defining character in his life. Newzjunky - JCC Releases President's And Dean's Lists For Fall 2013 m.facebook.com. ." 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. 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. https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 Restrictions: Contact your local office for all commercial or promotional uses. "[11] In December 2001, it was announced that Levin would retire and Parsons had been selected as his successor. "Richard D. Parsons Named New CEO of AOL Time Warner." Apparently it was the right decision. He was the first black president and one of the highest-ranking blacks in corporate America. 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/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0. Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. In 2000, Parsons guided the merger of Time Warner with America Online (AOL). Decker, Ed "Parsons, Richard Dean 1948 . She is also credited with creating a national initiative called "Ready to Read, Ready to Learn", which promotes reading at a young age. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. "AOL Time Warner Still Fixing Holes." ." ." True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. While in Hawaii, he also met his future wife, Laura Bush. [24], Parsons was a member of the economic advisory team for President Barack Obama. . He became an advisory trustee of the family's principal philanthropy, the Rockefeller Brothers Fund, and he sits with David Rockefeller on the board of the World Trade Center Memorial Foundation. 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. Ed. Incorporated:l96S During his eleven years with the firm he was successful in both corporate law and civil litigation. 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. He stepped down as CEO of Time Warner on December 31, 2007. Dawn Bennett-Alexander assisted Parsons from March 1976 until the end of the administration. 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. window.__mirage2 = {petok:"Olb1PN4AOYQxfgUm1EldB37uVPcj4uBa8eBE3X8k2lQ-86400-0"}; 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. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. It is like air. As one AOL shareholder told Business Week, "Dick is the right guy to be running the company right now." To the extent that we've lost credibility, repairing it is important." 1946 April 21, 2021 11:45 am ET. Skeptics also wondered how Parsons would fare in his new job considering the bank was facing financial ruin. "Can a Nice Guy Run This Thing?" "Parsons, Richard The world's most influential media company, however, was struggling. 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. [CDATA[ Greater Minneapolis-St. Paul Area. Former President George W. Bush and Laura Bush's daughter Barbara Bush gave birth to her first baby with husband Craig Coyne on Monday By Mary Park Published on September 29, 2021 11:42 AM Fortune (August 8, 2004). 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. After Giuliani was elected, he named Parsons to be head of his transition council. He also expanded his web of connections, taking on such high-profile clients as Happy Rockefeller (1926), the widow of Nelson Rockefeller, and cosmetics giant Este Lauder. Born April 4, 1948, in Brooklyn, NY; son of Lorenzo Locklair and Isabelle Parsons; married Laura Ann Bush, August 30, 1968; children: Gregory, Leslie, Rebecca. In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the well-being of humanity worldwide. ." The Economicst (April 19, 2003). He skipped a grade in elementary school and another in high school. He received a juris doctorate from the Union University, University of Albany Law School in 1971. "I always knew I'd rise to the top; it never occurred to me that I couldn't.". Editorial #: O de wurl aint flat,An de wurl aint roun,Hits one long stripHangin up an downJes Souf an Norf;Jes Norf an Souf. As a result of his involvement with Time Warner, he developed close ties with Robert W. Morgado, the chairman of the Warner Music Group, and Michael J. Fuchs, chairman of HBO.In the fall of 1994, Parsons was requested by Gerald M. Levin to become the president of Time Warner. 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. 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 . Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. Encyclopedia.com. . 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." Parsons had no clear idea what direction to take after college, but at the prompting of Laura, he decided to go to law school. Dl, D6. He also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. 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. 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, UXL Newsmakers. 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. Richard Dean Parsons was born on April 4, 1948, in Brooklyn, New York. lauren bush david laura miranda kerr coocoo coconut oil marries models. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. 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. . Decker, Ed. Assets: $47.4 billion (February 23, 2023). Parsons, however, was an extremely bright young man, who went on to graduate from high school when he was just sixteen years old. Encyclopedia.com. "Richard Dean Parsons." Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. (February 23, 2023). . 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. Hard work has been a crucial component of the Parsons success story, a value he claims to have learned from his father. 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. "That's what makes you different from your competition," he maintains. ExperienceIT, +5 more. Levin, however, felt that Parsons was the right man for the job, and some business insiders were not that surprised. Get our quarterly newsletter to stay up-to-date, plus all speech or video narrative bookings near you as they happen. 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. Certain corporations come to bear the impress of a sin, 19082007 Over the years Parsons has, however, admitted the possibility of entering politics later in life. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. He has claimed that race was never a defining character in his life. Richard D. Parsons, Counsel and Associate Director for Justice, Civil Rights, Drugs and Consumer Affairs: Files, 197477. In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. I exist apart from this job.". Eds. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. 23 Feb. 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. In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. In the latter post, Parsons focused on drug issues. 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. 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. 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." He received a B.A. Ed Decker and Christine Miner Minderovic. 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. He was raised in the rough neighborhood of Jamaica, New York, a city in Queens County. His 43 . 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. Parsons refused the position but consented to work as the Economic Development Corporation chairperson. 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.. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. As he later told Black En terprise, My wife talked me into it. 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). 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. 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. Contemporary Black Biography. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. Zone Development Corporation, which was established to spur the development of business and the growth of job opportunities in Harlem. Peter J. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. 38, 39. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. He is a Black business executive and lawyer. ." Value is associated with hard work.. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. 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. 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. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). Newsweek (January 24, 2000): p. 36. Whether I was an African-American, an Arab-American, a Je wish-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., After a year-long governmental review, Internet company America Online (AOL) and Time Warner merged in 2001. "Reeling Like a Bad Movie: AOL Time Warner." 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. . For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. 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. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official Former President George W. Bush and his wife, Laura Bush, recently celebrated their 45th wedding anniversary. 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. Time (December 17, 2001). Atlanta Journal-Constitution, January 22, 2002, C3. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. Cohen, Adam. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. Parsons met Laura, a. 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. 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 ruminates for some time before addressing the. He became such a trusted adviser that in 1974, when Rockefeller headed to Washington to serve In 2003, Parsons made the announcement of the name change from AOL Time Warner to simply Time Warner. Still, when Levin announced, in late 2001, that 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 Man Behind the Merger." [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. I have other things I'm focused on." //. Pick a style below, and copy the text for your bibliography. 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. 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). 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. 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. Parsons was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. In this case, Parsons was forced to tap into both sides of his personality. New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. Parsons later lived in a guesthouse on the estate. [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 also remained a committed leader in other areas of public and community service. [17][18], From the early 1980s through much of the 1990s, Parsons owned a house near the Rockefeller family estate in Pocantico Hills (see Kykuit), where his grandfather was once a groundskeeper. 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. 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. "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." Contemporary Black Biography. [6] He skipped a grade in elementary school and another in high school. 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. The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. In a Black Enterprise article, he openly rejected the Democrats' philosophy of taking from one group to give to another. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. degree from Union University's Albany Law School in 1971. UXL Newsmakers. 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