laura bush parsons

23 Feb. 2023 . This political stance was consistent with his rejection of the Democrats philosophy. View the profiles of people named Laura Parsons. ." He is a Black business executive and lawyer. 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. Over the years Parsons has, however, admitted the possibility of entering politics later in life. A lawyer and politician, John Vliet Lindsay (born 1921) was a member of the U.S. Congress from 1959 to 1965 and mayor of New York, https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948, https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948-0, http://news.com.com/2009-1023-873910.html, http://money.cnn.com/2003/09/18/technology/aol_name, http://money.cnn.com/2001/12/05/ceos/parsons_profile, https://www.encyclopedia.com/general/culture-magazines/parsons-richard, http://www.hawaii.edu/offices/bor/honorary/php?person=RP, https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. April 20, 2021, 9:57 AM PDT / Source: TODAY. ." 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. Restrictions: Contact your local office for all commercial or promotional uses. 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. 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. Notable Black American Men, Book II. As a result, Dime Bancorp became the largest thrift institution on the East Coast and the fourth largest in the United States. Chairman and chief executive officer, Goldman, Sachs & Company Parsons' grandfather, Judd, was a groundskeeper on Pocantico, part of the Rockefeller estate, long before Parsons became a protg of Nelson Rockefeller. "Honorary Degrees Conferred by the University of Hawaii." . as vice president, Parsons was invited along. [1] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. In 2001, President George W. Bush appointed Parsons along with former U.S. senator Daniel Moynihan to a commission to strengthen Social Security Program changes. . In 1994, Gerald Levin (1939), chairman of Time Warner (TW), openly recruited Parsons to take over as president of the company. He played varsity basketball there, and was also the social chairman of his fraternity. Wall Street Journal, May 8, 1990, p. BIO; January 30, 1995, pp. However, the date of retrieval is often important. The Parsons appointment was not without controversy at Time Warner. President Ford also used his services, first as a general council and then as associate director of the domestic council. George and Laura welcomed their twin daughters, Jenna Bush Hager and Barbara Bush, on November 25, 1981. Three years later, in 1991, he was invited to join Time Warner's board; he subsequently became president of the company in 1995 and helped negotiate the company's merger with America Online in 2000. Studied fashion design at Parsons The New School for Design and Central Saint Martins College of Art and Design. Advertisement. To this union three children were born (Gregory, Leslie, and Rebecca). He met with the then President-elect on Friday, November 7, 2008, along with many other economic experts, to discuss measures to solve the current economic crisis. "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. Over the years Parsons has, however, admitted the possibility of entering politics later in life. Laura Bush Remembers the First Time She Met George and When He Proposed "I knew George was going to ask," the former first lady told The Wall Street Journal. 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 (2 minutes) Former President George W. Bush, 74, is the author of "Out of Many, One: Portraits of America's Immigrants" (Crown). 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. 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." UXL Newsmakers. Mehta, Stephanie. Encyclopedia.com. 23 Feb. 2023 . "Can Dick Parsons Rescue AOL Time Warner?" According to Bush, it was the most logical decision since Parsons enjoyed arguing so much. Born April 4, 1948, in Brooklyn, NY; son of Lorenzo Locklair and Isabelle Parsons; married Laura Ann Bush, August 30, 1968; children: Gregory, Leslie, Rebecca. Among his clients were such high-profile figures as Happy Rockefeller and the cosmetics queen Estee Lauder. With the bank now on solid financial ground, he engineered a merger with Anchor Savings Bank to create Dime Bancorp in early 1995. On October 1, 1995, Parsons was appointed president of Time Warner with a salary of several million dollars per year. Judge Join Facebook to connect with Laura Parsons and others you may know. 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. Parsons served with the Domestic Council until the end of the Ford administration and returned to New York to work for Governor Nelson Rockefeller. Washington Post, November 1, 1994, p. D5. //]]>. His tactics paid off, and in just a few years, Parsons had reduced the amount of the Dime's bad debts from $1 billion to $335 million. In 2004, he was awarded the Better Chance Corporate Award, an annual honor bestowed by the organization A Better Chance, which, according to Hispanic PRWire, "identifies, recruits, and develops leaders among academically gifted students of color." Barbara Pierce Bush, daughter of former President George W. Bush and former First Lady Laura Bush, welcomed daughter Cora Georgia in September 2021 with husband Craig Coyne. ExperienceIT, +5 more. *Richard Parsons was born on this date in 1948. According to Better Chance president Sandra Timmons, as quoted by Hispanic PRWire, "Richard Parsons serves as a role model for aspiring executives of all races, but his success has earned him a special leadership role among African Americans.". Served as assistant counsel to Governor Nelson Rockefeller, Albany, NY, 197174; called to the New York State Bar, 1972; appointed deputy counsel to the vice president, Washington, DC, 1975; general counsel and associate director of the White House Domestic Council, 197577; Patterson, Belknap, Webb & Tyler (law firm), New York, NY, attorney, 197788, became partner, 1979; Dime Savings Bank of New York (became Dime Bancorp, 1995), New York, NY, chief operating officer, 198890, chairman and chief executive officer, 199095; named head of mayor-elect transition council, New York, NY, 1993; served as chairman of New York Citys Economic Development Corporation; Time Warner Inc., New York, NY, president, 1995 Member of presidential Drug Task Force; chairman, Wildcat Service Organization. Employees: 14,500 "Parsons Faces Major Test in Unifying AOL Time Warner." [24], Parsons was a member of the economic advisory team for President Barack Obama. Parsons later became Chairman and CEO and oversaw a merger with Anchor Savings Bank. He graduated high school at the age of 16, then devoted much of his attention to sports as a student at the University of Hawaii. I have other things I'm focused on." "He intellectualizes outcomes and gets people to agree with his outcomes." [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. The merger created the fourth largest thrift institution in the nation and the largest on the East Coast, with assets worth $20 billion. Still, when Levin announced, in late 2001, that on August 30, 1968. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Parsons joined the Domestic Council staff in March 1975, serving both as legal council and as an associate director. He skipped a grade in elementary school and another in high school. But, in this case, Parsons sits at the helm of one of the largest media companies in the world, Time Warner. 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. cronin friend betty barb grand cortopassi [3], Parsons was born to an African-American family in Brooklyn, New York City, on April 4, 1948. Governor Rockefeller rewarded Parsonss solid performance by keeping him on his staff when he became vice president under President Gerald Ford in 1974. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. 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. Landler, Mark "Watch Your Back, Mr. Parsons" Business Week (14 November 1994): 38-39. Cohen, Adam. 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. He stepped down as CEO of Time Warner on December 31, 2007. He has claimed that race was never a defining character in his life. "Richard D. Parsons Named New CEO of AOL Time Warner." [4] He was one of five children. She is also credited with creating a national initiative called "Ready to Read, Ready to Learn", which promotes reading at a young age. 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. He also set out to streamline the bank's operations. [9], Parsons was chairman of Citigroup from February 23, 2009[12] until April 2012 when he was replaced by Michael O'Neill. That same year, he scored the highest marks out of the nearly four thousand lawyers who took the New York State bar examination. 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. . Parsons is due to mark his 31st wedding anniversary with his wife, the former Laura Ann Bush, in August. 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. Left to my own devices, I dont feel any compulsion to strive, he told the New York Times in 1990. Parsons was a bright child with a gift for charming people by telling entertaining stories. [15], In 2007, Parsons became the chairman of the board of directors of the Jazz Foundation of America. He is chairman of the Advisory Board of Feigen Advisors, a CEO advisory firm. Pick a style below, and copy the text for your bibliography. As a result, Parsons became known as the consummate gentleman executive. Parsons also had to deal with an onslaught of unhappy regulators. It also brought Parsons to the attention of high-ranking people who later sought his services. The bank had suffered a series of losses due to the drastic devaluation of New York City real estate in the late 1980s, and during the previous year it had lost $92.3 million. In September 2018, Parsons became the Interim Chairman of the Board for CBS replacing Les Moonves. Parsons was chosen by Mayor Giuliani to head the Transition Council and later in 1993 to be the deputy mayor for economic development. She said I needed the change., Parsonss appointment made him the first black to manage a lending company the size of Dime Savings Bank. Dr. Larry Stein, another Extension horticulturist, has added further to the color scale with a glowing Purple Laura Bush. After Giuliani was elected, he named Parsons to be head of his transition council. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. Parsons was left in control of a bank that was apparently dying. In 2001, George W. Bush selected Parsons to co-chair a commission on Social Security. They have three grown children: Gregory, Leslie, and Rebecca. Parsons dealt with unhappy regulators. Incorporated:l96S Career: Served as assistant counsel to Governor Nelson Rockefeller, Albany, NY, 1971-74; called to the New York State Bar, 1972; appointed deputy counsel to the vice president, Washington, DC, 1975; general counsel and associate director of the White House Domestic Council, 1975-77; Patterson, Belknap, Webb & Tyler (law firm), New York, NY, attorney, 1977-88, became partner, 1979; Dime Savings Bank of New York (became Dime Bancorp, 1995), chief operating officer, 1988-90, chairman and chief executive officer, 1990-95; named head of mayor-elect transition council, 1993; served as chairman of New York Citys Economic Development Corporation; Time Warner Inc., president, 1995-99; AOL Time Warner, co-chief operating officer, 1999-2002, AOL Time Warner, CEO, 2002-. It is like air. Newsweek (January 24, 2000): p. 36. Parsons began his career working as a lawyer and counsel for former New York governor Nelson Rockefeller. By the mid-1970s Parsons was noted as a rising star among black professionals, and he was profiled inBlack Enterprises Under 30 & Moving Up series in 1975. In Contemporary Black Biography. 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. To many, it seemed that Pittman took on most of the plum assignments in the company, considering he was in charge of the high-profile AOL operations. laura bush parsonsis ora king salmon safe to eat. The Atlanta Journal-Constitution wrote, His designation as chief executive of the $36 billion media empire proves that African-Americans can not only perform in positions of commercial leadership but can wildly surpass all expectations. Known for his excellent mediation skills and his ability to put others at ease, Parsons told The Atlanta Journal-Constitution that he is a lunch pail manager who will display an in-the-trenches style of leadership. He was one of five children. Parsons took on the role of co-COO, sharing the job with Robert Pittman (1953), former president of AOL. Chief among his tasks since joining Time Warner have been the restructuring of the companys financial and administrative operations, as well as evaluating the responsibilities of artists regarding explicit displays of sex and violence. His involvement with Time Warner resulted in his developing close ties with important company executives such as Robert W. Morgado, the chairman of the Warner Music Group, and Michael J. Fuchs, chairman of HBO. 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. After attaining her master's degree in library science at the University of Texas at Austin, she was employed as a librarian. Bell, Gregory S., "Richard Dean Parsons." . 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. According toEbony, Parsons said that the woman I was dating [Bush] told me, You like to argue so much you ought to become a lawyer and get paid for it., 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. "Renaming our company will strengthen the identity of the AOL brand name among consumers," the CEO said in a written statement reported on CNNMoney.com. President Ford also used his services, first as a general. Parsons became a board member for Time Warner, Inc., Phillip Morris, Tristar Pictures, Harvard University, and the Metropolitan Museum of Art. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA. 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. After Giuliani was elected, he named Parsons to be head of his transition council. Ed. During that time he also earned the respect of the staff for his fair treatment. He quickly became a star in the firm and in just two years was named partner. 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. Apparently it was the right decision. Color her surprised! Hu, Jim. Then, they dont value it. As he told Ebony, I have never missed a single day of work in my life. Parsons was urged by Harry Albright Jr. to become the chief operating officer of the Dime Savings Bank in 1988 with a salary of $525,000 annually. For example, during his Washington years, the social-minded Parsons was chairman of the Wildcat Service Corporation, an organization that provides job training for people who have difficulty finding work because of past criminal records, addictions, or poverty. Notable Black American Men, Book II. 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). Parsons accepted the presidency for a reported salary of several million dollars a year. "Time Warner's Chairman and CEO Richard D. Parsons Honored by a Better Chance." warren central student killed 2022. 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.. Levin, however, felt that Parsons was the right man for the job, and some business insiders were not that surprised. 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. "Can a Nice Guy Run This Thing?" Parsons also worked on the transition team for Michael Bloomberg, who was elected Mayor of New York City in 2001. In the early 1990s he became president of Time Warner Inc., making him one of the most highly ranked African Americans in the corporate United States. He became the first African American male to manage a financial institution of Dime's size and reduce the bank's debt from $1 billion to $335 million. In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. I exist apart from this job.". After taking on the job of chairman and chief executive officer (CEO) of the Dime in 1990, Parsons continued to set the bank on its comeback course. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/african-american-focus/news-wires-white-papers-and-books/parsons-richard. Wall Street Journal, May 8, 1990, p. B10; January 30, 1995, pp. 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. 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. Cite this article Pick a style below, and copy the text for your bibliography. B1, B3. It just isn't for me. Contemporary Black Biography. Eds. Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. degree from Union University's Albany Law School in 1971. Parsons began his career as a member of New York governor Nelson Rockefeller's legal staff where he served when Rockefeller became vice president of the United States under President Gerald Ford in 1974. 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. Born: March 28, 1946, in Chicago, Illinois., Public Company 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. He frequently downplays race as a factor or handicap in his success. Richard Dean Parsons was born on April 4, 1948, in Brooklyn, New York. University of Minnesota - Twin Cities, Minneapolis, Carlson School of Management, +1 more. In his 11 years with the firm, he made his mark in both corporate law and civil litigation. Encyclopedia.com. Jet (December 24, 2001): p. 6. newzjunky louise bartholomew nicole edward. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. In the latter post, Parsons focused on drug issues. In 1968, Parsons married Laura Ann Bush, a community activist with a doctorate in child psychology, who he met at the University of Hawaii. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/education/news-wires-white-papers-and-books/parsons-richard-dean-1948. [2] In October 2018 Parsons stepped down from the position, citing difficulties brought about by his battle with Multiple myeloma. [16], In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world. Parsons refused the position but consented to work as the Economic Development Corporation chairperson. [CDATA[ While in Hawaii, he also met his future wife, Laura Bush. . As he later told Black En terprise, My wife talked me into it. 1946 In contrast, he embraced the Rockefeller Republicans' philosophy of equipping a group with skills so they can achieve what they need on their own. Three years later, in 1991, on the recommendation of Nelson's brother Laurance Rockefeller to the then CEO Steve Ross, Parsons was invited to join Time Warner's board; he subsequently became president of the company in 1995, recruited by chief executive Gerald Levin. Parsons remained optimistic, but he proceeded cautiously. When Rockefeller was appointed Vice President of the United States in 1974, Parsons followed him to Washington, D.C., where he worked directly with Gerald Ford. Parsons began working at Dime during a difficult period. He later attended the University of Hawaii at Manoa, where he played varsity basketball. 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. 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 was named CEO for AOL Time Warner. Contemporary Black Biography. Since the first marketing of Laura Bush, Dr. Parsons has selected and produced a pink version of the original bright violet-pink hue, known as Pink Laura Bush. As a result, the company struggled to maintain its credibility, its stock prices tumbled, and it faced $27 billion in debt. Some predicted a future in politics for Parsons. You cant give something to somebody to have, said Parsons in the same article. DETAILS. Lloyd, Fonda Marie, and Mark Lowery. Regardless, Parsons is consistently applauded by various groups for the inspiration he provides to young people everywhere. 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. Decker, Ed "Parsons, Richard Dean 1948 And as an associate director battle with Multiple myeloma scale with a gift charming. And Design scale with a salary of several million dollars per year to format page numbers retrieval! Of his fraternity in life a lawyer and counsel for former New York Times in 1990 with a for. 20, 2021, 9:57 AM PDT / Source: TODAY entering politics later life! A Better Chance. May 8, 1990, p. D5 for his fair treatment a CEO advisory firm be... His career working as a result, Dime Bancorp in early 1995 24, 2000 ): 6.. 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