Richard 'Dick' Parsons Daniel Acker | Bloomberg | Getty ImagesRichard Parsons, who helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history, has died.
As CEO and later chairman, he led Time Warner's turnaround, dropping "AOL" from the corporation's name and shrinking the company's $30 billion in debt to $16.8 billion by selling Warner Music and other properties.
He said that after the merger, AOL's business had collapsed and Warner Music Group was declining, along with the entire music industry.
Nelson Rockefeller, who became vice president under Gerald Ford in 1974 in the wake of President Richard Nixon's resignation.
Former New York City Mayor Rudy Giuliani, left, and Richard Parsons, CEO, Time Warner Inc. chat at the media welcome party hosted by Time Warner before the Republican National Convention in New York, New York on August 28, 2004.
Persons:
Richard, Dick, Parsons Daniel Acker, Richard Parsons, Time Warner, Lazard, Parsons, Gerald Levin, —, Rockefeller, Richard Dean, Laura Ann Bush, Nelson Rockefeller, Gerald Ford, Richard Nixon's, Ford's, who've, Jimmy Carter, Belknap, Webb, Tyler, Rudy Giuliani, John D, Dennis Brack
Organizations:
Bloomberg, Getty, Time, AOL, AOL Time Warner, Warner Music, Independent, Warner Music Group, Time Warner, University of Hawaii, Albany Law School, moonlighting, Republican Gov, New York Times, Kykuit, Former New York City, Time Warner Inc, Republican National Convention
Locations:
Brooklyn's Bedford, Stuyvesant, Ozone, Queens , New York, New York, York, Patterson, Rockefeller, Briarcliff Manor, Westchester County, New York , New York