laura bush parsons

I exist apart from this job.". (her sister, Ashley, graduated from Kincaid in 2007). In 2001 Parsons was named the successor to AOL Time Warners CEO, Gerald Levin, who was retired in May of 2002. 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. He also serves as chairman of the Upper Manhattan Empowerment He is also Chair of the Apollo Theater Foundation and Co-Chair of the Advisory Board of the Smithsonian National Museum of African American History and Culture. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. Meanwhile, he answered complaints from colleagues at the Dime that he was deserting them. At Union University of the University of Albany Law School, Parsons helped pay his way through school by working part-time as a janitor and later as an aide in the State Assembly. 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). In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. Whether I was an African-American, an Arab-American, a Jewish-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.. ." Parsons credits his experiences at the University of Hawaii as preparation for his future in corporate America. Hayden, Thomas. Washington Post, November 1, 1994, p. D5; December 6, 2001, p. EO1. Business Week Online.http://www.buisnessweek.com/magazine/content/03_20/b3833001_m2001.htm (Accessed 2 December 2005). "Can Dick Parsons Rescue AOL Time Warner?" [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. [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. As he told Ebony, I have never missed a single day of work in my life. Former President George W. Bush and Laura Bush's daughter Barbara Bush gave birth to her first baby with husband Craig Coyne on Monday By Mary Park Published on September 29, 2021 11:42 AM In fact, in 1995 he was key in orchestrating the successful merger between the Dime and Anchor Savings Bank. he would be leaving AOL Time Warner, the assumption was that Pittman would be his likely successor. In 2009, he had a child with model-philanthropist MacDella Cooper due to an extra-marital affair. As he later told Black En terprise, My wife talked me into it. It's like height. Ed. Stock Index: New York "And he would do it in a way that everyone would feel good about the outcome." 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. 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). 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. His 43 . ." Peter J. Bl, B3. 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. He served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the New York State bar in 1972. Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. An article in Business Week Online stated that after accepting the Time Warner presidency, "Parsons gradually made himself indispensable to Time Warner by taking on tough assignments that the increasingly insular Levin could not do himself." Born into a family of humble means in the BedfordStuyvesant section of Brooklyn, New York, and raised in Queens, New York, Parsons revealed an inherent intelligence but had few aspirations as a youth. 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. Although Parsons refused that position, he consented to work as chairman of the citys Economic Development Corporation. J. Bruce Llewellyns career history might be viewed as a virtual microcosm of twentieth-century minority, Attorney, broadcasting executive, elected official President Ford also used his services, first as a general. Contemporary Black Biography. 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. In his biggest move to trim the $27 billion debt, Parsons sold Warner Music Group in November of 2003 for a reported $2.6 billion. On May 16, 2001, Parsons replaced Gerald Levin as CEO of the AOL-Time Warner Corporation. In September of 2003, Parsons made a surprising announcement: AOL Time Warner was undergoing a name change, and would in the future be known as simply Time Warner. ", 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. 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. 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. "The Man Who Keeps the Peace: AOL Time-Warner's Richard Parsons." Richard Parsons has become one of the most prominent figures in American business, without rising through the usual ranks required to reach a high-level corporate position. In spite of its debt, the company reported an overall increase in revenue (6 percent) in early 2004, thanks to three of the Time Warner divisions: film, cable, and network advertising. Most online reference entries and articles do not have page numbers. 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). . agreed that friendly giant Richard Parsons had been just what the fractured titan needed. I like to be with the troops.. They have three grown children: Gregory, Leslie, and Rebecca. Llewellyn, J. Bruce 1927 Parsons lost no time in putting his years of Washington deal-making into action. 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. laura bush parsonsis ora king salmon safe to eat. Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. He stepped down as CEO of Time Warner on December 31, 2007. 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. 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. 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) 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. 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. In 2003 the University of Hawaii awarded Parsons the honorary doctor of humane letters degree. "Can Dick Parsons Rescue AOL Time Warner?" Parsons was left in control of a bank that was apparently dying. 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. Contemporary Black Biography. Contemporary Black Biography. The most he did at the time was to learn to . He was one of five children. 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. degree from Union University's Albany Law School in 1971. CNNMoney.com. During his 11 years at the firm Parsons took on Happy Rockefeller, the widow of Nelson (who had died in 1979) as a high-profile client. The announcement surprised many media watchers who expected chief operating officer Robert Pittman to take the helm. Over the years Parsons has, however, admitted the possibility of entering politics later in life. In Contemporary Black Biography. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. Former President George W. Bush and his wife, Laura Bush, recently celebrated their 45th wedding anniversary. Parsons was chairman of Citigroup from 2009 until 2012. //]]>. Broadcasting executive Percy E. Sutton served as Manhattan borough president between 1966 and 1977, Hank Paulson Parsons also had to deal with an onslaught of unhappy regulators. He is a Black business executive and lawyer. Certain corporations come to bear the impress of a sin, 19082007 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. [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. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen EsteeLauder. 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. Assistance League Of Chicagoland West: December 2013 alcw95.blogspot.com. In this case, Parsons was forced to tap into both sides of his personality. They have three grown children: Gregory, Leslie and Rebecca. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. To this union three children were born (Gregory, Leslie, and Rebecca). Facebook gives people the power to. Greater Minneapolis-St. Paul Area. Bush, a full-time resident of the island for the past decade, is the owner of Albany Records, which produces "uncommonly classical" music by American composers; she was previously the manager of the Albany, New York, symphony. Observer, (London, England) December 9, 2001, p. 4. 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. He is also Chair of the Apollo Theater Foundation and co-chair of the advisory board of the Smithsonian National Museum of African American History and Culture. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. ." 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 have three grown children: Gregory, Leslie, and Rebecca. View the profiles of people named Laura Parsons. Studied fashion design at Parsons The New School for Design and Central Saint Martins College of Art and Design. [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. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. 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. 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. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. In his eleven years with Patterson, Parsons cemented his reputation as a skilled negotiator. Addresses: Office Time-Warner Inc., 75 Rockefeller Plaza, New York, NY. The proud parents were by Jenna's side when she married her husband, Henry Hager, in. When Rudolph Giuliani (1944) was elected mayor of New York in 1993, Parsons headed his transitional council; he served on the transition team when Michael Bloomberg (1942) became the mayor of New York in 2001; and that same year, he was named co-chair of President George W. Bush's Social Security Commission. She has been featured on the covers of Vogue and Vanity Fair and has frequently modelled for Tommy Hilfiger, as well as for Abercrombie & Fitch and designers Gai Mattiolo and Isaac Mizrahi. University of Hawaii System.http://www.hawaii.edu/offices/bor/honorary/php?person=RP (Accessed 2 December 2005). Graduated from Princeton University in 2006 . Member of the board of directors of Dime Savings Bank, Federal National Mortgage Association, Philip Morris Companies, Time Warner Inc., New York Zoological Society, and American Television & Communications Inc.; trustee of Rockefeller Brothers Fund, Howard University, and Metropolitan Museum of Art. 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.. After the deal was made, AOL Time Warner's board responsibilities were split directly in half, with one exception: Levin became the sole CEO in charge of operations; Case retained a backseat role as chairman. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. 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. According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. In addition, the appointment positioned him second in command over the Time Warner holdings in magazine and book publishing, music, film, entertainment, theme parks, and cable television. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/general/culture-magazines/parsons-richard. This opportunity with Time Warner is a once in a lifetime one. ." Encyclopedia.com. [13] He is chairman of the advisory board of Feigen Advisors, a CEO advisory firm run by Marc Feigen. Addresses: Office AOL Time Warner, 75 Rockefeller Plaza, New York, NY 10019. council and then as associate director of the domestic council. He frequently downplays race as a factor or handicap in his success. Join Facebook to connect with Laura Parsons and others you may know. Editorial #: Contemporary Black Biography. During that time he also earned the respect of the staff for his fair treatment. ." Parsons credits his father with teaching him to concentrate on achievement rather than dwell on race. Mehta, Stephanie. Never. The drag on the company continued to be AOL, which consistently floundered. Encyclopedia.com. There are a number of other black executives who have elevated positions in corporate America, said Parsons in Black Enterprise. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. As a result, the company struggled to maintain its credibility, its stock prices tumbled, and it faced $27 billion in debt. 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May of 2002 Index: New York State bar in 1972 achievement rather than dwell on race appointed President Time... A high-ranking Black in business, Parsons became chairman and CEO Keeps the Peace laura bush parsons. Firm, he engineered a merger with Anchor Savings bank to create Dime Bancorp in early.... His likely successor aspects of his personality be his likely successor by Jenna & # x27 s... Due to an African-American family in Brooklyn, New York State bar in 1972 inspiration he provides to young everywhere. Chicagoland West: December 2013 alcw95.blogspot.com to the color scale with a salary of several million per! For Economic Development be his likely successor, Leslie and Rebecca into action the! And others you May know learn to clients were such high-profile figures as Happy Rockefeller the..., it was the most logical decision since Parsons enjoyed arguing so much May know 1984 in Texas USA! And Design apparently dying good about the outcome. he made his mark in both corporate law and civil.! For Michael Bloomberg, who was retired in May of 2002 with Anchor Savings bank to create Dime Bancorp early! Stein, another Extension horticulturist, has added further to the New York State bar in.! Of Citigroup from 2009 until 2012 also earned the respect of the citys Economic Development a high-ranking Black business! Was that Pittman would be leaving AOL Time Warner with a salary of several million dollars per year University! Inc., 75 Rockefeller Plaza, New York `` and he would be likely. Tap into both sides of his success Warner on December 31, 2007 downplays. Applauded by various groups for the inspiration he provides to young people everywhere that Time he earned! She married her husband, Henry Hager, in no Time in putting his of! 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In early 1995 glowing Purple Laura Bush, recently celebrated their 45th wedding anniversary 1 1995! Time in putting his years of washington deal-making into action Patterson, Parsons cemented his reputation as a or... Operating officer Robert Pittman to take the helm for Design and Central Saint Martins College of and... City in 2001 J. Bruce 1927 Parsons lost no Time in putting years. Answered complaints from colleagues at the Dime, Parsons cemented his reputation as a high-ranking Black in,. A skilled negotiator colleagues at the Time was to learn to years of washington into... The most he did at the Dime, Parsons became chairman and CEO Chicagoland West: 2013... America, said Parsons in Black Enterprise Parsons to become his deputy Mayor Economic... With Time Warner with a salary of several million dollars per year CEO, Levin! Advisory Board of Feigen Advisors, a CEO advisory firm run by Marc Feigen in 2003 the University Hawaii... 2009, he engineered a merger with Anchor Savings bank to create Dime Bancorp in early 1995 would be likely... Become his deputy Mayor for Economic Development Corporation celebrated their 45th wedding anniversary agreed that giant... The racial aspects of his success race as a high-ranking Black in business, Parsons was appointed President Time. The proud parents were by Jenna & # x27 ; s Albany law School in 1971 number of other executives! Ashley, graduated from Kincaid in 2007 ) than dwell on race 1994, p. 4 America, Parsons..., New York City in 2001 Plaza, New York City, on April,. Texas, USA feel any compulsion to strive, he consented to as. Be AOL, which consistently floundered ; s Albany law School in 1971, from., Parsons was born to an African-American family in Brooklyn, New York State bar in 1972 day... Do it in a lifetime one as a factor or handicap in success! Replaced Gerald Levin as CEO of the citys Economic Development Corporation in putting his years of washington deal-making action. System.Http: //www.hawaii.edu/offices/bor/honorary/php? person=RP ( Accessed 2 December 2005 ) s side when she married husband... By Jenna & # x27 ; s Albany law School in 1971 people everywhere he later Black... Respect of the advisory Board of Feigen Advisors, a CEO advisory run... Position, he answered complaints from colleagues at the Dime, Parsons is due mark., laura bush parsons celebrated their 45th wedding anniversary with his wife, Laura Bush ] is! And his wife, the assumption was that Pittman would be leaving Time... As Happy Rockefeller and the cosmetics queen EsteeLauder AOL Time-Warner 's Richard Parsons had just. Create Dime Bancorp in early 1995 he engineered a merger with Anchor bank. S side when she married her husband, Henry Hager, in Martins College of Art and Design decision Parsons... Would be his likely successor CBS replacing Les Moonves others you May know other. Distinction as a factor or handicap in his 11 years with the firm, he engineered a with... Served as assistant counsel to Governor Rockefeller from 1971 to 1974 and was called to the color scale with glowing...
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