Richard Parsons (businessman) - Wikipedia. Richard Dean "Dick" Parsons (born April 4, 1. American business executive, is the former chairman of Citigroup and the former chairman and CEO of Time Warner. He stepped down as CEO of Time Warner on December 3.

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He is currently the interim CEO of the Los Angeles Clippers. NBA franchise.[3]Early life[edit]Parsons was born to an African- American family in Brooklyn, New York, on April 4, 1. He was one of five children. His maternal grandfather had been head groundskeeper at Kykuit.[4] Growing up in the Bedford- Stuyvesant area of Brooklyn, Parsons's father, Lorenzo Locklair Parsons, was an electrical technician and his mother, Isabelle (née Judd) was a homemaker.[5] He skipped a grade in elementary school and another in high school.[5] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball.[6] After four years, he was seven credits short of his diploma. However, he discovered that he could get into a law school in New York without a college degree if he scored well enough on his pre- law exams. Parsons was accepted by Albany Law School, where he earned a Juris Doctor in 1. In 1. 97. 1, 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. When Rockefeller was appointed Vice President of the United States, in 1.

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Parsons followed him to Washington D. C., where he worked directly with President Gerald Ford. He also met a deputy attorney general, Harold R. Tyler, and one of his aides, a young Rudolph W. Giuliani, with whom he was to be closely associated - supporting him in his campaign for New York mayor and heading his transitional council.[7]In 1. 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.

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During his 1. 1 years at the firm Parsons took on Happy Rockefeller, the widow of Nelson (who had died in 1. In 1. 98. 8, 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. Parsons later became Chairman and CEO[7] and oversaw a merger with Anchor Savings Bank, gaining a substantial sum when the Dime Bank was demutualized. Three years later, in 1. Nelson's brother Laurance Rockefeller to the then CEO Steven Ross, Parsons was invited to join Time Warner's board; he subsequently became president of the company in 1. Gerald Levin.[7] He helped negotiate the company's merger with America Online in 2.

In December 2. 00. Gerald Levin would retire and Parsons had been selected as his successor.

The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. In 2. 00. 3, Parsons made the announcement of the name change from AOL Time Warner to simply Time Warner.[8]Parsons became chairman of Citigroup on 2. Watch The Borderlands Hindi Full Movie.

February 2. 00. 9.[1. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm run by Marc Feigen.[1. Humanitarian causes[edit]In 2. Parsons became the chairman of the board of directors of the Jazz Foundation of America.[1. He has worked with the foundation to save the homes and the lives of America's elderly jazz and blues musicians, including musicians who survived Hurricane Katrina, such as Fats Domino.[1. In June 2. 01. 6, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world.

He joined the foundation's Board of Trustees in 2. Prominent connections[edit]From the early 1. Parsons owned a house near the Rockefeller family estate in Pocantico Hills (see Kykuit), where his grandfather was once a groundskeeper. For a brief time he had worked for Nelson at the family office, "Room 5. Rockefeller Center.[7]Parsons became chairman emeritus of the Partnership for New York City,[1. David Rockefeller in 1. 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.

Parsons is also on the board of the family created Museum of Modern Art. In 2. 00. 1, United States President. George W. Bush selected Parsons to co- chair a commission on Social Security. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2.

In 2. 00. 6, Parsons was selected to co- chair the transition team for the incoming Governor of New York, Eliot Spitzer.[1. In August 2. 00. 6, an article in New York Magazine reported that Parsons would likely run for Mayor of New York City in the 2. New York mayoral election.[1. Parsons, however, repeatedly denied the reports,[2. Mayor Bloomberg's efforts to repeal the term limits law, and supported Bloomberg for a third term in office.[2. Parsons was a member of the economic advisory team for President Barack Obama.

He met with the then President- elect on Friday, November 7, 2. 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.[2. On May 9, 2. 01. 4, 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.[2. Personal life[edit]In 1. Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. They have three grown children: Gregory, Leslie, and Rebecca.[1][2.

In 2. 00. 9, he had a child with model- philanthropist Mac. Della Cooper.[2. 4][2. Being of Liberian ethnicity, Cooper founded the Mac.

Della Cooper Foundation in 2. Liberia following the Second Liberian Civil War.[2. See also[edit]References[edit]^ abc"Citigroup Chairman Richard Parsons - TIME".

Time. 2. 00. 9- 0. David Faber, "Time Warner Confirms Parsons Stepping Down", CNBC, November 5, 2. Rothstein, Mervyn (April 2. Corporate Titan".

Cigar Aficionado. Leonard, Devin (2.

Dick Parsons, Captain Emergency". Business. Week. Retrieved 2. Mc. Kenna, Dave. "Did New Clippers CEO Dick Parsons Really Play College Basketball?". Deadspin. Retrieved 2.

Richard Parsons profile, New York Times, 2. Richard Parsons Biography", Encyclopedia of World Biography.^"Bad Marriage? AOL Time Warner". PBS News. Hour. July 1.

Seib, Christine (2. January 2. 00. 9). Sir Win Bischoff to leave early from chairmanship of Citigroup". The Times. London. Retrieved 2. 00. 9- 0. Stocks". Bloomberg.

Retrieved 2. 01. 7- 0. Richard Parsons". Jazz Foundation of America. Retrieved August 1. Accessed: 2. 00. 9- 0. Archived by ourmedia at http: //ourmedia. Richard Parsons to Become Chairman of Rockefeller Foundation".

Bloomberg. com. 2. Retrieved 2. 01. 7- 0.

Richard D. Parsons - The Rockefeller Foundation". The Rockefeller Foundation. Retrieved 2. 01. 7- 0. Richard D. Parsons". Time Warner. 2. 00.

Archived from the original on 2. Retrieved 2. 00. 7- 0. Founder". Partnership for New York City. Retrieved 2. 00. 7- 0.

Partnership Members Assist Spitzer Transition Team^Geoffrey Gray, "Is Parsons the New Bloomberg?", New York Magazine.^Goldstein, Andrew M. Time Warner Chairman Richard Parsons Says He Won't Run for Mayor - New York Magazine". Nymag. com. Retrieved 2. Times Topics, 2. 00. Parsons for Bloomberg^Rooney, Katie (2.

Parsons to Commerce?". Time. Retrieved 2. Ex- Time Warner chairman named interim Clippers CEO". NBA. com. 2. 01. 4- 0. Retrieved 2. 01. 4- 0. George Rush, "Love tangle for power broker: Citigroup's Richard Parsons has love child with model Mac. Della Cooper", New York Daily News, May 2.

Ian T. Shearn, "Scrapbook of Extremes", New Jersey Monthly, June 8, 2. External links[edit].