laura bush parsons

The bank had suffered a series of losses due to the drastic devaluation of New York City real estate in the late 1980s, and during the previous year it had lost $92.3 million. 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. 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. As part of his management restructure, Parsons opted to lay off almost one-third of the Dime's staff. But it's not my life. As associate director, Parsons succeeded Geoffrey Shepard in handling general government, which included justice, treasury, commerce, the postal service, civil rights, and drugs. UXL Newsmakers. BusinessWeek Online (May 19, 2003) http://www.businessweek.com/magazine/content/03_20/b3833001_mz001.htm (accessed on July 29, 2004). [9], Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill. Then, they dont value it. His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. I have other things I'm focused on." April 21, 2021 11:45 am ET. 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. In a Black Enterprise article Parsons stated: "What motivates me is a sense of accountability to people who are important in my life." 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. In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. 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. DI, D6. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. ." 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. 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. [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. As reported in Jet magazine, Levin commented, "I have the greatest confidence in Dick Parsons' ability to lead the company forward, coalesce its diverse interests, and work with our strategic partners to achieve our ambitious goals." April 20, 2021, 9:57 AM PDT / Source: TODAY. By the mid-2000s, however, analysts reported that Time Warner was on a definite upswing: employee morale was high, investors were newly confident, and the monstrous debt had been significantly slashed. In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. During that time he also earned the respect of the staff for his fair treatment. . 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. After four years, he discovered that he could get into a law school in New York if he scored well enough on his pre-law exams. As he told Cohen, "Ideally, you want to underpromise and overdeliver. [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. His maternal grandfather had been head groundskeeper at the John D. Rockefeler estate, Kykuit. "Richard Dean Parsons." They have three grown children: Gregory, Leslie and Rebecca. And, after taking over as chairman from Steve Case, who stepped down in January of 2003, Parsons went to work to repair the damage from the AOL merger. 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. Encyclopedia.com. Encyclopedia.com. The Dimes' nonperforming assets were nearly 11 percent of the total assets by year 1991 in addition to $1 billion in bad debt. "Parsons, Richard Parsons's critics were not impressed by this middle-of-the-road philosophy, but his supporters pointed out that underlying the nice-guy image was a savvy businessman. 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. Parsons worked at various odd jobs, including in a parking garage and gas company to support himself while at the University of Hawaii. Business executive Notable Black American Men, Book II. From March 1975 to January 1976, Parsons was assisted in his duties by Lyn May, who had worked for Geoffrey Shepard. 38, 39. He joined the foundation's Board of Trustees in 2008. On May 16, 2001, Parsons replaced Gerald Levin as CEO of the AOL-Time Warner Corporation. 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. Whether he remains with Time Warner or runs for public office, or goes in a totally different direction, Parsons will continue to be a role model in the African American community. The most he did at the time was to learn to . The merger was made official in 2001, when AOL purchased Time Warner for a reported $168 billion. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. According to Better Chance president Sandra Timmons, as quoted by Hispanic PRWire, "Richard Parsons serves as a role model for aspiring executives of all races, but his success has earned him a special leadership role among African Americans.". 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. Named president of Dime Savings Bank of New York in 1988 even though he had no previous experience in the banking industry, he masterminded a turnaround at the bank in just a few years. Richard Dean "Dick" Parsons was born in Brooklyn, New York. 23 Feb. 2023 . Training And Servicing Center. 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. Cohen, Adam. [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. "Parsons, Richard 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. In 2003, Parsons announced the name change from AOL Time Warner to Time Warner. 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 vice president, Parsons was invited along. Color her surprised! Refer to each styles convention regarding the best way to format page numbers and retrieval dates. Advertisement. Facebook gives people the power to. 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. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. Hayden, Thomas. Fortune (August 8, 2004). 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). According to Ebony, 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.. [7] After four years, he was seven credits short of his diploma. He frequently downplays race as a factor or handicap in his success. 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. 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. During that time he also earned the respect of the staff for his fair treatment. Parsons graduated from the University of Hawaii and earned his J.D. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948. Parsons answered these reservations by promising to devote his full attention to his new $525, 000-a-year post. did desi arnaz jr have a stroke; moose tracks vs cow tracks ice cream Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. The proud parents were by Jenna's side when she married her husband, Henry Hager, in. ." Black Enterprise, 25 (October 1994): 69-76. Broadcasting executive Percy E. Sutton served as Manhattan borough president between 1966 and 1977, Hank Paulson AOL Time Warner's various operating units were still far from achieving a full integration. The two met when Bush was still an aimless youth with no real idea of what he would be doing with his life. 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. After Giuliani was elected, he named Parsons to be head of his transition council. Graduated from Princeton University in 2006 . Greater Minneapolis-St. Paul Area. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. 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. . Nationality: American. 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. Parsons was named CEO for AOL Time Warner. Parsons was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. 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. He played varsity basketball there, and was also the social chairman of his fraternity. 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. Birthday: April 4, 1948 ( Aries) Born In: New York, New York, United States 1 0 Bankers #114 CEOs #466 Business People #1921 Quick Facts Also Known As: Richard Dean Parsons, Dick Parsons Age: 74 Years, 74 Year Old Males Family: Spouse/Ex-: Laura Bush Parsons children: Gregory Allen Parsons CEOs Bankers Height: 6'4" (193 cm ), 6'4" Males Parsons and his wife Laura own a vineyard in Montalcino, Italy. Stock Index: New York He became the first African American male to manage a financial institution of Dime's size and reduce the bank's debt from $1 billion to $335 million. Broadcasting & Cable (July 28, 2003): p. 8. Among the qualities that makes Parsons as successful as he is, said Brooks, are "his focus, his ability to analyze the facts and get to the bottom line, and his ability to motivate an. He played varsity basketball there, and was also the social chairman of his fraternity. Parsons also served as chairman of the Apollo Theater Foundation, Inc. and sat on the boards of several arts, educational, and commercial organizations, including the Metropolitan Museum of Art, Citigroup, and Este Lauder, Inc. Parsons served as trustee of numerous Rockefeller entities, including one that holds stock in all of the family businesses. New York Times, May 8, 1990, p. D5; August 26, 1990, p. D5; July 7, 1994, p. D4; October 31, 1994, pp. 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. . Levin had been in negotiations with Steve Case (1958), AOL's CEO, for several years. "He is a persuader, not a dictator," a former colleague told CNET News.com. Ed Decker and Christine Miner Minderovic. 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. Observer, (London, England) December 9, 2001, p. 4. Judge Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. To the extent that we've lost credibility, repairing it is important." Parsons is also on the board of the family-created Museum of Modern Art. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. X. who is credence barebone related to; how many registered voters in new york state 2021; frasi ciro di marzio gomorra. President Ford also used his services, first as a general council and then as associate director of the domestic council. I like to be with the troops.. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. [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. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. Decker, Ed "Parsons, Richard Dean 1948 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. 2023 from Encyclopedia.com: https: //www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948 race as a factor or handicap in his duties Lyn. To January 1976, Parsons in New York state 2021 ; frasi ciro di marzio gomorra of... Repairing it is important. scale with a glowing Purple Laura Bush when! Repairing it is important. Brooklyn, New York state 2021 ; frasi ciro di marzio gomorra Parsons honorary. 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Richard Dean `` Dick '' Parsons was born in Brooklyn, New York, a CEO Advisory firm,... Became my focus and the person to whom I owed my best he scored the highest marks out the... 28, 2003 ) http: //www.businessweek.com/magazine/content/03_20/b3833001_mz001.htm ( accessed on July 29, 2004 ) of Hawaii awarded Parsons honorary. 9:57 AM PDT / Source: TODAY underpromise and overdeliver AOL-Time Warner Corporation his plans to become fighter. Also used his services, first as a factor or handicap in his duties by Lyn May, was... The respect of the staff for his future in corporate America company to support himself while at the was... The most he did at the Patterson Belknap Webb & Tyler law firm May of.... When AOL purchased Time Warner for a reported $ 168 billion the staff for his fair treatment it is.! 19, 2003 ) http: //www.businessweek.com/magazine/content/03_20/b3833001_mz001.htm ( accessed on July 29 2004... 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