laura bush parsons

As part of his management restructure, Parsons opted to lay off almost one-third of the Dime's staff. As a result, Parsons became known as the consummate gentleman executive. Parsons lost no time in putting his years of Washington deal-making into action. 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.. (February 23, 2023). 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. 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. Business executive He received a juris doctorate from the Union University, University of Albany Law School in 1971. 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. 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. After all, Parsons had sat on the company's board of directors for several years, and had developed close ties with top TW executives. Parsons, who owns a home on Block Island, is a child psychologist. Mayor Giuliani later asked Parsons to become his Deputy mayor for Economic Development. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." Standing at 6 feet 4 inches, with broad shoulders, he is a physically impressive man who could fill any boardroom. The process is rolling forward, even if it isnt moving as fast as some of us would like. Despite his distinction as a high-ranking black in business, Parsons downplays the racial aspects of his success. Save. 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. It was a drastic move, but he also kept communications open with his employees every step of the way. Parsons worked part-time as a janitor to pay his way through the University of Albany Law School in New York, and when he graduated in 1971, it was at the top of his class. 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. 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. Pick a style below, and copy the text for your bibliography. "Time Warner Drops AOL Name." Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. 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.. 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. [7] After four years, he was seven credits short of his diploma. 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. Parsons later lived in a guesthouse on the estate. "The Man Behind the Merger." Harry Albright Jr., Rockefeller's executive assistant in Albany, New York and previous chairman of the Dime Savings Bank, cited Parsons as a great member of Rockefeller's staff and one who has great judgment and leadership skills. While in Hawaii, he also met his future wife, Laura Bush. In 2015, Parsons was diagnosed with multiple myeloma, a rare blood cancer. Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. He was also in charge of the legal department and human resources. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. 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. "Can a Nice Guy Run This Thing?" A gregarious and thoughtful man, Mr. Parsons has risen by winning the affection and loyalty of influential mentors, wrote Laurence Zuckerman in the New York Times. Hispanic PRWire (June 11, 2004) http://www.hispanicprwire.com/news_in.php?id=2478&cha=6&PHPSESSID (accessed on July 31, 2004). Hayden, Thomas. 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. He quickly became a star in the firm and in just two years was named partner. 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. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/general/culture-magazines/parsons-richard. [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 joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. The Parsons appointment was not without controversy at Time Warner. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. "He intellectualizes outcomes and gets people to agree with his outcomes." 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. In Contemporary Black Biography. Bell, Gregory S., "Richard Dean Parsons." "I always knew I'd rise to the top; it never occurred to me that I couldn't.". Parsons, however, was an extremely bright young man, who went on to graduate from high school when he was just sixteen years old. ." He was replaced by Strauss Zelnick. 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. As a result, the company struggled to maintain its credibility, its stock prices tumbled, and it faced $27 billion in debt. He ruminates for some time before addressing the. Parsons was a bright child with a gift for charming people by telling entertaining stories. Niece of George W. Bush, Laura Bush, Doro Bush, Marvin Bush and Jeb . During that time he also earned the respect of the staff for his fair treatment. During that time he also earned the respect of the staff for his fair treatment. 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. By Scott Stump. During his 11 years at the firm, Parsons took on Margaretta Rockefeller, the widow of Nelson (who had died in 1979), as a high-profile client. [27][28][29] Being of Liberian ethnicity, Cooper founded the MacDella Cooper Foundation in 2004 to help orphans and abandoned children in Liberia following the Second Liberian Civil War. For the next six years, he served as the number-two executive But it's not my life. Parsons graduated from the University of Hawaii and earned his J.D. It was either you go for it, or its gone forever, claimed Parsons in Black Enterprise. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. on August 30, 1968. He stepped down as CEO of Time Warner on December 31, 2007. This opportunity with Time Warner is a once in a lifetime one. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. However, the date of retrieval is often important. [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. You cant give something to somebody to have, said Parsons in the same article. 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. The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. "And he would do it in a way that everyone would feel good about the outcome." (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. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). Decker, Ed. 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. Encyclopedia.com. Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. Parsons became a board member for Time Warner, Inc., Phillip Morris, Tristar Pictures, Harvard University, and the Metropolitan Museum of Art. President Ford also used his services, first as a general. 68-70, 72, 76, 77; January 1995, p. 15. Business Week, November 14, 1994, pp. Jet (December 24, 2001): p. 6. UXL Newsmakers. Richard Dean "Dick" Parsons was born in Brooklyn, New York. 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. As he once told the New York Times, as reported by CNNMoney.com, "For a lot of people race is a defining issue. [25], On May 9, 2014, in the wake of the Donald Sterling racial remarks controversy, it was announced that Richard Parsons was appointed the interim CEO of the Los Angeles Clippers. Farmington Hills, Mich.: Thomson Gale, 2003. 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. Never. . 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. 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. 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. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. Los Angeles Times, January 13, 2001, p. C1; December 6, 2001, p. C1. . 23 Feb. 2023 . Contemporary Black Biography. [9], Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill. 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. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. "Parsons Faces Major Test in Unifying AOL Time Warner." [4][27], In 2009, he had a child with model-philanthropist MacDella Cooper as a result of an extra-marital affair. [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. In fact, in 1995 he was key in orchestrating the successful merger between the Dime and Anchor Savings Bank. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. 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. It is like air. Editorial #: 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. 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 has claimed that race was never a defining character in his life. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. There are a number of other black executives who have elevated positions in corporate America, said Parsons inBlack Enterprise.The process is rolling forward, even if it isnt moving as fast as some of us would like. Despite his distinction as a high-ranking black in business, Parsons downplays the racial aspects of his success. True, Parsons had proven to be flexible enough to succeed in the banking world, but he had absolutely no background in media and entertainment. L. Mpho Mabunda and Shirelle Phelps. Chairman and chief executive officer, Goldman, Sachs & Company degree from Union University's Albany Law School in 1971. 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. So, in 1976, when President Ford lost his re-election bid to Jimmy Carter (1924), Parsons did not lack for opportunities. Contemporary Black Biography. In 1977, Parsons returned to New York and became a partner after only two years at the Patterson Belknap Webb & Tyler law firm; also working at the firm was Giuliani. at the company, and as Gerald Levin's right-hand man. In 2007, he became the chairman of the board of directors of the Jazz Foundation of America. He was raised in the rough neighborhood of Jamaica, New York, a city in Queens County. "Whenever we had a problem with one of the units, Parsons was always the guy who would solve it," former co-chairman of Warner Brothers Robert Daly explained to Business Week. Although Levin was effectively in charge, it was Parsons who consistently took on the tough assignments and it was Parsons who employees turned to for guidance. 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, In addition, thanks to an industry-wide technology slump, AOL, which had promised big revenues, had failed to deliver. Parsons chose to support Rudolph Giuliani in the New York City mayoral race instead of Democrat black mayor David Dinkins. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. "[11] In December 2001, it was announced that Levin would retire and Parsons had been selected as his successor. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Parsons was a member of the economic advisory team for President Barack Obama in 2008. 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). Parsons was chosen by mayor Giuliani later asked Parsons to become his Deputy mayor for Development... The citys Economic Development Corporation the estate, Gregory S., `` Richard Dean `` Dick '' was... Top ; it never occurred to me that I could n't. `` on Block Island, is physically... 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