CNN —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.
With Parsons as its CEO, Time Warner slashed its debt in roughly half as it ushered in a new era of sustainable growth.
When Rockefeller became US vice president, Parsons moved to D.C. as a White House aide in President Gerald Ford’s administration.
After moving back to New York, Parsons quickly rose the ranks at the law firm Patterson, Belknap, Webb & Tyler, eventually becoming partner.
Persons:
Dick Parsons, Parsons, Estee Lauder, Warner, “, ” Lazard, “ Dick, Richard Dean Parsons, Laura Ann Bush, Nelson Rockefeller, Rockefeller, Gerald Ford’s, Barack Obama, Michael Bloomberg, Patterson, Belknap, Webb, Tyler, —, Dick, Adam Silver, Parsons didn’t, ”, ″
Organizations:
CNN, Time Warner, Citigroup, Museum of Modern, Lazard, Corporate America, AOL, University of Hawaii, Albany Law School, New, D.C, White, Dime Savings, of New, Los Angeles Clippers, NBA, New York Times
Locations:
American, Corporate, Brooklyn , New York, South Ozone, Queens, New York, of New York