Parsons Biography
Richard Parsons is an American business figure who served as Time Warner’s chairman and CEO as well as Citigroup’s chairman. He left his position as Time Warner’s CEO on December 31, 2007.
In both elementary and high school, he missed a grade. Later, while enrolled at the University of Hawaii at Manoa, he may have participated in varsity basketball due to his height of 6’4″. He needed seven more credits to earn his diploma after four years. He did, however, learn that if he did well enough on his pre-law examinations, he might enter a law school in New York without having a college degree. In 1971, Parsons graduated first in his class from Albany Law School at Union University in New York with a Juris Doctor degree.
Parsons Age
He is 74 years old as of 4 April 2022. He was born on 4 April 1948 in United States. His birth name is Richard Dean Parsons.
Parsons Wife
At the University of Hawaii, Parsons met Laura Ann Bush, a community organizer with a doctorate in child psychology, whom he later married. Three of their children are adults. He had a child in 2009 through an extramarital relationship with model-philanthropist MacDella Cooper.
Parsons Family (parents and Siblings)
On April 4, 1948, Parsons was born into an African-American household in Brooklyn, New York City. One of five kids, he was. The John D. Rockefeler estate, Kykuit, had a head groundskeeper who was his maternal grandfather. Parsons was raised in the Bedford-Stuyvesant neighborhood of Brooklyn by his mother Isabelle (née Judd) and father Lorenzo Locklair Parsons, an electrical technician.
Parsons Cancer
Parsons received a diagnosis of multiple myeloma, a rare kind of blood cancer, in 2015. After stem cell therapy, he entered remission; nevertheless, problems in 2018 led him to resign from his position as CBS’s interim chairman of the board.
Parsons Net Worth
He has an estimated net worth of $1.81 Million.
Parsons Career
Renowned attorney and businessman Richard Parsons started working at the New York State Legislature in 1971. Subsequently, he served as an attorney in the office of Governor Nelson Rockefeller before rising to the rank of partner at Patterson Belknap Webb & Tyler. Parsons managed a merger with Anchor Savings Bank and brought on well-known customers like Nelson’s widow, Happy Rockefeller. Parsons was asked to join Time Warner’s board in 1991, and in 1995 he was appointed president. In 2000, he assisted in negotiating the company’s merger with America Online, becoming a media giant worth $165 billion.
The announcement of the name change from AOL Time Warner to just Time Warner was made in 2003. From 2009 to April 2012, Parsons served as chairman of Citigroup. He is currently the head of Feigen Advisors’ advisory board. Les Moonves was replaced by Parsons as CBS’s Interim Chairman of the Board in 2018. He resigned in October 2018 because of multiple myeloma difficulties.
Parsons has served in a number of roles within the Rockefeller Foundation, including chair of the World Trade Center Memorial Foundation board, advisory trustee of the Rockefeller Brothers Fund, and chairman emeritus of the Partnership for New York City. He was also a member of the Museum of Modern Art’s board.
Parsons was on the transition team for Michael Bloomberg, who was elected mayor of New York City in 2001, and was chosen by President George W. Bush to co-chair a panel on Social Security. He was chosen to co-chair the transition team for Eliot Spitzer, the next governor of New York, in 2006.
Parsons met with President Barack Obama in 2008 to discuss ways to address the present economic situation while serving on his economic advisory council. Following New Mexico Governor Bill Richardson’s withdrawal from nomination for the Obama Administration’s Secretary of Commerce post, Parsons was named interim CEO of the Los Angeles Clippers in 2014. Les Moonves was replaced as interim chairman of the CBS board in 2018 by Parsons, who resigned due to multiple myeloma difficulties.