Dick Parsons
, an American businessman who led Time Warner and helped iconic US companies navigate tough circumstances, has died at 76. A prominent Black business executive, Parsons was known for his problem-solving prowess, steering major companies, including Time Warner and Citigroup, through periods of distress. He also advised US presidents and served on various company boards. Parsons’ death was confirmed in a statement from financial services firm Lazard, where he had served on the board.
With a steady hand, Parsons wielded influence in Corporate America during the dot-com bust and the Great Recession, both periods of immense uncertainty. He was widely credited for Time Warner’s stunning turnaround after a botched $165 billion merger with AOL, the web portal ubiquitous in the early days of the internet. With Parsons as its CEO, Time Warner slashed its debt in roughly half as it ushered in a new era of sustainable growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Richard Parsons, former Time Warner CEO, dies at age 76Richard Parsons, who helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history, has died.
Read more »
Richard Parsons, Former Time Warner Chairman, Dies at 76'The right guy in the right place at the right time,' he steadied the ship after the ill-fated merger with AOL, then stepped in briefly for Leslie Moonves at CBS Corp.
Read more »
Richard Parsons, who steadied Time Warner and L.A. Clippers, dies at 76Parsons was named chief executive officer of AOL Time Warner in 2002 after the $124-billion merger of the dial-up internet provider and the largest entertainment and media company started to fall apart.
Read more »
Chandler Parsons: Bronny James' NBA Time Is Stunting His GrowthFormer NBA player Chandler Parsons believes that Bronny James' time in the NBA is hindering his development as a player.
Read more »
How to Cultivate Joy on Your TeamMenlo Innovations CEO Richard Sheridan explains why joy is so important for innovation.
Read more »
What Does $100,000 for Bitcoin Really Mean? Binance CEO ExplainsBinance CEO Richard Teng reveals what $100,000 for Bitcoin (BTC) means
Read more »