Let the Cabinet shuffle begin

Let the Cabinet shuffle begin

WASHINGTON, Nov. 26 (UPI) -- Now that President Obama has won a second term in office, preparations have started to fill the expected vacancies in his Cabinet.

Rep. Frank proud of shareholder revolt

BOSTON, April 20 (UPI) -- Rep. Barney Frank, D-Mass., said shareholders at Citigroup would likely spur shareholders elsewhere to reject excessive executive pay packages.

Man allegedly kills step-dad, kidnaps woman

GOSHEN, Ohio, Nov. 17 (UPI) -- An Ohio man who was arrested after he allegedly kidnapped a former high school classmate has been charged with robbing and killing his stepfather.
Citigroup names Parsons as next chairman

Citigroup names Parsons as next chairman

NEW YORK, Jan. 21 (UPI) -- Struggling U.S. financial firm Citigroup Inc. has named former Time Warner chairman Richard Parsons to serve as its next chairman.

Citigroup pressured to change leadership

NEW YORK, Jan. 12 (UPI) -- U.S. regulators are pressing New York financial firm Citigroup Inc, to shake up its leadership team, sources said.
Parsons adds fuel to Time Warner reports

Parsons adds fuel to Time Warner reports

ATLANTA, May 17 (UPI) -- Time Warner could soon have a new chairman as current Chairman Richard Parsons indicated at the company's annual meeting in Atlanta he is about to leave.

Time Warner's Parsons giving up CEO duties

NEW YORK, Nov. 5 (UPI) -- Richard Parsons said Monday he will step down Jan. 1 after five years as chief executive officer of Time Warner, the world's largest media conglomerate.

Citi taps ex-Treasury secretary as chair

NEW YORK, Nov. 5 (UPI) -- A former U.S. Treasury secretary will take over as chairman of troubled Citigroup, which announced massive write-downs and the departure of its chief executive.

Time Warner chief to hand over control

LONDON, Oct. 27 (UPI) -- Time Warner chairman Richard Parsons soon will announce he will step down and hand over control of the U.S. media giant, a report said.

HBO's Albrecht takes leave after assault

LAS VEGAS, May 8 (UPI) -- The chairman and chief executive of the U.S. premium cable network HBO took a leave of absence Tuesday to seek alcohol counseling, the executive said.

Time Warner looks for growth in Europe

CANNES, France, Oct. 12 (UPI) -- Media giant Time Warner is looking to Europe for growth opportunities away from the saturated U.S. market.

Some have hope for N.Y.C. poverty program

NEW YORK, Jan. 29 (UPI) -- New York City Mayor Michael Bloomberg's reputation for getting things done has some optimistic about his war on poverty, the New York Daily News reported.

Time Warner may sell AOL shares

NEW YORK, May 21 (UPI) -- The chief executive of New York-based Time Warner Inc. has said the company may consider spinning off America Online to help finance future acquisitions.

Time Warner chief calls '04 'very good'

NEW YORK, Dec. 7 (UPI) -- Time Warner chairman and Chief Executive Officer Richard Parsons said 2004 was "a very good year" for the company, The Hollywood Reporter said Tuesday.

Media giants poised for takeovers in 2004

PHOENIX, Jan. 8 (UPI) -- Several media giants have hinted at major acquisition plans for 2004 during a conference of heavyweights being held this week in Phoenix.
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Richard Parsons
Richard Parsons, CEO of Time Warner, attends Time Magazine's 100 most influential people for 2005 dinner gala held in New York on April 19, 2005 at the Time Warner Center. (UPI Photo/Ezio Petersen)

Richard Dean Parsons was born in Brooklyn, New York on April 4, 1948. He is the current chairman of Citigroup and the former Chairman and CEO of Time Warner. He stepped down as CEO of Time Warner on December 31 2007 . Parsons graduated from the University of Hawaii; at 6'4" tall he played varsity basketball. He earned a Juris Doctor from Albany Law School in 1971, coming top of his class.

Parsons, who is a prominent moderate African American Republican, served an internship at the New York State Legislature, at which time he was invited to work as a lawyer for the staff of the then New York Governor Nelson Rockefeller. 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. 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.

In 1977, Parsons returned to New York and became a partner after only two years at the Patterson, Belknap, Webb & Tyler law firm; Working at the firm was Giuliani. During his eleven years at the firm he took on Happy Rockefeller, the widow of Nelson (who had died in 1979) as a high-profile client. In 1988, he was recruited to serve as chief operating officer of the Dime Bank by Harry W. Albright Jr., who was a former Rockefeller aide. He later became chairman and CEO and oversaw a merger with Anchor Savings Bank; gaining a substantial sum when the Dime Bank was demutualized.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Richard Parsons."
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