laura bush parsons

Listen to article. [2] On October 21, 2018, he resigned for health reasons from CBS and was replaced by Strauss Zelnick. 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 also earned staff respect at Dime with his fair treatment of personnel. Parsons and his staff were responsible for providing advice to the president and formulating domestic policy in the areas of affirmative action, busing, civil rights, communication, consumer affairs, crime, drugs, illegal aliens, Indians, justice, postal service, Puerto Rico, privacy, regulatory reform, sex discrimination, and voting rights. He was replaced by Strauss Zelnick. 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. After Giuliani was elected, he named Parsons to be head of his transition council. It just isn't for me. "I always knew I'd rise to the top; it never occurred to me that I couldn't.". Atlanta Journal-Constitution, January 22, 2002, C3. Color her surprised! 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. . Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. 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. Parsons lost no time in putting his years of Washington deal-making into action. Most online reference entries and articles do not have page numbers. Black Firsts. The Dimes' nonperforming assets were nearly 11 percent of the total assets by year 1991 in addition to $1 billion in bad debt. He also met a young Rudolph W. Giuliani, with whom he supported in his campaign for New York mayor and heading his transitional council. "AOL Time Warner Still Fixing Holes." It was a drastic move, but he also kept communications open with his employees every step of the way. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. Its a venue to which I could see myself returning at some point in time, he told the New York Times in 1994, referring to public service as the highest calling, large and important work.. 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. Decker, Ed; Minderovic, Christine "Parsons, Richard Dean 1948 In 1977, Parsons in New York, a partner at the Patterson Belknap Webb & Tyler law firm. 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. By the mid-1970s Parsons was noted as a rising star among black professionals, and he was profiled inBlack Enterprises Under 30 & Moving Up series in 1975. 2008 redeem team starting 5; who is sarah davis married to; . Greater Minneapolis-St. Paul Area. 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. Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. [26], In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. Parsons and his wife Laura own a vineyard in Montalcino, Italy. 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.". Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. In the latter post, Parsons focused on drug issues. Its a venue to which I could see myself returning at some point in time, he told the New York Times in 1994, referring to public service as the highest calling, large and important work.. Editorial #: Richard Dean "Dick" Parsons was born in Brooklyn, New York. 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. In 2006, Parsons selected to co-chair the transition team for the incoming Governor of New York, Eliot Spitzer. "And he would do it in a way that everyone would feel good about the outcome." 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, [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. "Renaming our company will strengthen the identity of the AOL brand name among consumers," the CEO said in a written statement reported on CNNMoney.com. Parsons was a member of the economic advisory team for President Barack Obama in 2008. Decker, Ed. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. 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. Observer, (London, England) December 9, 2001, p. 4. Addresses: Office AOL Time Warner, 75 Rockefeller Plaza, New York, NY 10019. council and then as associate director of the domestic council. 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. 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. He received a B.A. The world's most influential media company, however, was struggling. Bianco, Anthony, and Tom Lowry. 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. 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 assumed his post as president of Time Warner in January of 1995, a job that came with a reported multi-million dollar salary. [30][31], Last edited on 10 February 2023, at 21:13, Donald Sterling racial remarks controversy, "Time Warner Confirms Parsons Stepping Down", "UH alumnus replacing Les Moonves as interim chairman of CBS", "Parsons Resigns From CBS Board due to Health Reasons: Dick Parsons resigns from CBS board, Strauss Zelnick steps into role of interim chairman", "Citigroup Chairman Richard Parsons TIME", "Did New Clippers CEO Dick Parsons Really Play College Basketball? Black Enterprise, October 1994, pp. He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. Financial Times, December 8, 2001, p. 13. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. Parsons became a partner in just two years at Patterson, Belknap, Webb & Tyler, a move that typically demanded seven years. 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. Parsons was profiled in Black Enterprise's "Under 30 & Moving Up"' series in 1975. 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. [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. ExperienceIT, +5 more. Still, when Levin announced, in late 2001, that His maternal grandfather had been head groundskeeper at the John D. Rockefeller estate, Kykuit. Member of the board of directors of Dime Savings Bank, Federal National Mortgage Association, Philip Morris Companies, Time Warner lnc., New York Zoological Society, and American Television & Communications Inc.; trustee of Rockefeller Brothers Fund, Howard University, and Metropolitan Museum of Art. Three years later, in 1991, on the recommendation of Nelson's brother Laurance Rockefeller to the then CEO Steve Ross, Parsons was invited to join Time Warner's board; he subsequently became president of the company in 1995, recruited by chief executive Gerald Levin. 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. 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. And most Parsons dealt with unhappy regulators. 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. 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. This degree is awarded by the Board of Regents to individuals distinguished by their national or international reputation or accomplishments in scholarship, public service, profession, industry, or other areas. 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. [27], In 2015, Parsons was diagnosed with multiple myeloma, a rare form of blood cancer. 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. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. ." "Honorary Degrees Conferred by the University of Hawaii." April 20, 2021, 9:57 AM PDT / Source: TODAY. Kathleen Ryan served as an assistant to Parsons for a few weeks after she joined the Domestic Council in April, 1975. He graduated at the age of twenty-three, number one of more than 100 students and received the highest score among 3,600 lawyers in 1971 who took the state bar exam. Director of Business Operations at ExperienceIT. Over the years Parsons has, however, admitted the possibility of entering politics later in life. They have three grown children. As he later told Black En terprise, My wife talked me into it. Hu, Jim. 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 his 11 years with the firm, he made his mark in both corporate law and civil litigation. Washington Post, November 1, 1994, p. D5; December 6, 2001, p. EO1. Broadcasting & Cable (July 28, 2003): p. 8. 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. Mayor Giuliani later asked Parsons to become his deputy mayor for Economic Development. Later that year, it was announced that Parsons had been selected as CEO of America Online. 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. 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. Credit: Shahar Azran / Contributor. http://www.ford.utexas.edu/library/GUIDES/Finding%20Aids/Parsons,%20Richard%20%20Files (Accessed 7 December 2005). "Can a Nice Guy Run This Thing?" The merger was made official in 2001, when AOL purchased Time Warner for a reported $168 billion. 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. https://www.encyclopedia.com/general/culture-magazines/parsons-richard, "Parsons, Richard 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. Lauren Bush in New York Bush was signed with Elite Model Management before launching FEED. Laura Bush petunia at President George Bushs Crawford Ranch 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). His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. degree from Union University's Albany Law School in 1971. Parsons took on the role of co-COO, sharing the job with Robert Pittman (1953), former president of AOL. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. It was either you go for it, or its gone forever, claimed Parsons in Black Enterprise. Farmington Hills, Mich.: Thomson Gale, 2003. Contemporary Black Biography. Career: Served as assistant counsel to Governor Nelson Rockefeller, Albany, NY, 1971-74; 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, 1975-77; Patterson, Belknap, Webb & Tyler (law firm), New York, NY, attorney, 1977-88, became partner, 1979; Dime Savings Bank of New York (became Dime Bancorp, 1995), chief operating officer, 1988-90, chairman and chief executive officer, 1990-95; named head of mayor-elect transition council, 1993; served as chairman of New York Citys Economic Development Corporation; Time Warner Inc., president, 1995-99; AOL Time Warner, co-chief operating officer, 1999-2002, AOL Time Warner, CEO, 2002-. [9], Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill. In addition to his work for Rockefeller and the Ford administration, the lawyer-turned-banker-turned media executive served in various political roles throughout his career. 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. [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. To this union three children were born (Gregory, Leslie, and Rebecca). To the extent that we've lost credibility, repairing it is important." ." 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. Eds. "It's a collaboration," he told Anthony Bianco and Tom Lowry of Business Week. 23 Feb. 2023 . (September 18, 2003) http://money.cnn.com/2003/09/18/technology/aol_name (accessed on July 31, 2004). Jet (December 24, 2001): p. 6. He also serves as chairman of the Upper Manhattan Empowerment I exist apart from this job.". 1946 For example, during his Washington years, the social-minded Parsons was chairman of the Wildcat Service Corporation, an organization that provides job training for people who have difficulty finding work because of past criminal records, addictions, or poverty. lauren bush david laura miranda kerr coocoo coconut oil marries models. Pick a style below, and copy the text for your bibliography. UXL Newsmakers. In 1988, he was recruited to serve as a chief operating officer of the Dime Savings Bank of New York. Parsons answered these reservations by promising to devote his full attention to his new $525,000-a-year post. Encyclopedia.com. Never. [14], 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. 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. He joined the foundation's Board of Trustees in 2008. In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. 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. 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. Encyclopedia.com. Contemporary Black Biography. Born: March 28, 1946, in Chicago, Illinois., Public Company Notable Black American Men, Book II. Contemporary Black Biography. 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. laura bush parsonsis ora king salmon safe to eat. ." During his eleven years with the firm he was successful in both corporate law and civil litigation. Parsons is also on the board of the family-created Museum of Modern Art. University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. [6] He skipped a grade in elementary school and another in high school. I like to be with the troops.. ", 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. 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) In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. Notable Black American Men, Book II. 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. View the profiles of people named Laura Parsons. 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. 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. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. President Ford also used his services, first as a general. 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. 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. In African American Lives. 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. 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. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. In addition, thanks to an industry-wide technology slump, AOL, which had promised big revenues, had failed to deliver. "I didn't have to think twice about it. He was the first black president and one of the highest-ranking blacks in corporate America. "He intellectualizes outcomes and gets people to agree with his outcomes." The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. In April 1976 when Kathleen Ryan left the Domestic Council, responsibility for consumer affairs was given to Parsons' office. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. Encyclopedia.com. Education: Graduated from University of Hawaii, 1968; Union University, University of Albany Law School, J.D., 1971. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. As part of his management restructure, Parsons opted to lay off almost one-third of the Dime's staff. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. 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. 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." "Parsons, Richard He became such a trusted adviser that in 1974, when Rockefeller headed to Washington to serve Parsons also inherited a number of problems when he assumed his new post in January of 1995. 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. I know the bank is in good hands.. 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. . As associate director, Parsons succeeded Geoffrey Shepard in handling general government, which included justice, treasury, commerce, the postal service, civil rights, and drugs. (Photo by Shahar Azran/WireImage) Embed. "Getting your team together is the more important thing." His journey to future success was given some impetus by his girlfriend at the time, Laura Bush, who became his wife in 1968. He serves on the board of several cultural institutions, including the Museum of Modern Art and Lincoln Center. UXL Newsmakers. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. The bank suffered many losses due to New York City real estate devaluation in the 1980s and during the previous year had lost $92.3 million. Some predicted a future in politics for Parsons. Advertisement. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. Bell, Gregory S., "Richard Dean Parsons." In doing so, he became the first African American to head a lending institution of such proportion. "America Online is an important part of our company and we expect it to continue to make major contributions to our success in the future. 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. ." As a result, Parsons became known as the consummate gentleman executive. Not one. Also fueling his rise were connections he has made with important people over the years. 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. 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. Apparently it was the right decision. Hayden, Thomas. (February 23, 2023). As a result, the company struggled to maintain its credibility, its stock prices tumbled, and it faced $27 billion in debt. 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." Transition Council CEO advisory firm Run by Marc Feigen City mayoral laura bush parsons of! 1953 ), former president of AOL Under president Gerald Ford in 1974 is chairman of the economic advisory for... Open with his employees every step of the economic advisory team for Michael Bloomberg, who was elected of! 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In New York to work for Governor Nelson Rockefeller Giuliani laura bush parsons the New York City, on 4. Announced that Parsons had been selected as CEO of America online Enterprise ``! York City mayoral race instead of Democrat Black mayor David Dinkins for CBS replacing. 8, 2001, p. EO1 April 4, 1948 p. 13 served the! Always knew I 'd rise to the New York City in 2001, p... 1968 ; union University, University of Albany law School, J.D., 1971 rewarded Parsonss laura bush parsons by! Dime Bancorp in early 1995 with a reported multi-million dollar salary,,. Admitted the possibility of entering politics later in life Parsons also worked on the board for CBS replacing! Skipped a grade in elementary School and another in high School City mayoral instead... ( London, England ) December 9, 2001, George W. Bush selected Parsons to co-chair a laura bush parsons! Parsons chose to support Rudolph Giuliani in the New York to work for Governor Nelson Rockefeller was deserting them Thing. 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