Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died.
Journey through history showing six historic homes in Keystone Heights, aimed at raising funds for community projects
FILE - Time Warner CEO, Richard D. Parsons, participates in the White House Conference on the Economy: Financial Challenges for Today and Tomorrow, Thursday, Dec. 16, 2004, at the Ronald Reagan Building in Washington. “Dick Parsons was a brilliant and transformational leader and a giant of the media industry who led with integrity and never shied away from a challenge,” NBA Commissioner Adam Silver said.
Parsons was named to the board of CBS in September 2018 but resigned a month later because of illness. He also fended off a challenge from activist investor Carl Icahn in 2006 to break up the company and helped Time Warner reach settlements with investors and regulators over questionable accounting practices at AOL.
The newly formed company’s Internet division quickly became a drag on Time Warner. The promised synergies between traditional and new media never materialized. AOL began seeing a reduction in subscribers in 2002 as Americans replaced dial-up connections with broadband from cable TV and phone companies.
Carl Icahn Adam Silver Ronald Lauder Business Barack Obama Richard D. Parsons U.S. News Nelson Rockefeller Steve Ballmer Steve Case Robert Pittman Gerald Levin
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