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Mr. Richard D. Parsons

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    www.foliomag.com/2009/under-siege-magazine-industry-pau - [Cached Version]
    Published on: 1/30/2009    Last Visited: 1/31/2009  

    In an unscripted introduction, former Time Warner chairman Dick Parsons, joked about his tenure as CEO as the worst in the company's history. "We managed to vaporize $200 million in shareholder value," he said. "Today, that seems like nothing."

    Parsons, who is set to become the chairman of Citigroup, described Time Inc. as an "old boys club" and Ann Moore's improbable climb up the corporate ladder.

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    www.hollywoodreporter.com/hr/content_display/news/e3i9a - [Cached Version]
    Published on: 12/11/2008    Last Visited: 12/12/2008  

    Richard Parsons exits as TW chairman
    ...
    NEW YORK -- Richard Parsons is stepping down as chairman of Time Warner at the end of the year, and the conglomerate's board has elected CEO Jeffrey Bewkes to take on the added role effective Jan. 1.
    ...
    A TW spokesman said Parsons hasn't commented on the issue and wasn't available Thursday.
    ...
    Parsons said the TW board "could have made no better choice." He had pushed Bewkes for the CEO job.

    The chairman-designate also said at an investor conference Wednesday that he expects a decision on the future of AOL shortly.

    Parsons oversaw the messy aftermath of the AOL-Time Warner merger and brought more stability and calm back to the company.

    "I am proud of what we accomplished, and I am very grateful to my colleagues on the board and throughout the company for their steadfast commitment to our stockholders, our customers, the broader public and to me," Parsons said.
    ...
    Richard Parsons exits as TW chairman
    ...
    NEW YORK -- Richard Parsons is stepping down as chairman of Time Warner at the end of the year, and the conglomerate's board has elected CEO Jeffrey Bewkes to take on the added role effective Jan. 1.
    ...
    A TW spokesman said Parsons hasn't commented on the issue and wasn't available Thursday.
    ...
    Parsons said the TW board "could have made no better choice." He had pushed Bewkes for the CEO job.

    The chairman-designate also said at an investor conference Wednesday that he expects a decision on the future of AOL shortly.

    Parsons oversaw the messy aftermath of the AOL-Time Warner merger and brought more stability and calm back to the company.

    "I am proud of what we accomplished, and I am very grateful to my colleagues on the board and throughout the company for their steadfast commitment to our stockholders, our customers, the broader public and to me," Parsons said.

  • View Online Source
    www.thehistorymakers.com/biography/biography.asp?bioind - [Cached Version]
    Published on: 5/29/2009    Last Visited: 5/29/2009  

    Biography (Richard D. Parsons)

    Richard D. Parsons Biography

    Richard Dean Parsons was born on April 4, 1948 in Brooklyn, New York. Parsons graduated from the University of Hawaii and earned his J.D. degree from Union University's Albany Law School in 1971.

    Parsons began his career working as a lawyer and counsel for former New York Governor Nelson Rockefeller.
    ...
    Parsons moved to Washington, D.C. and served as a White House aide, when Nelson Rockefeller became Vice President of the United States, during the Gerald Ford Administration.
    ...
    In 1988, Parsons was then chosen to serve as Chief Operating Officer of Dime Bancorp, Inc., one of the largest thrift institutions in the United States.

    Parsons joined Time Warner as its President in February 1995, and has been a member of the company's Board of Directors since January 1991. As President, he oversaw the company's filmed entertainment and music businesses, and all corporate staff functions, including financial activities, legal affairs, public affairs and administration. Parsons became Chairman of the Board in May 2003. From May 2002 to December 2007, Parsons served as Time Warner's Chief Executive Officer (CEO).

    As CEO, Parsons led Time Warner's turnaround and set the company on a solid path toward achieving sustainable growth. In the process, he put in place the industry's most experienced and successful management team, strengthened the company's balance sheet, simplified its corporate structure, and carried out a disciplined approach to realigning the company's portfolio of assets to improve returns. In its January 2005 report on America's Best CEOs, Institutional Investor magazine named Parsons the top CEO in the entertainment industry.

    Parsons' civic and non-profit commitments include Co-Chairman of the Mayor's Commission on Economic Opportunity in New York; Chairman Emeritus of the Partnership for New York City; Chairman of the Apollo Theatre Foundation and service on the boards of Howard University, the Museum of Modern Art and the American Museum of Natural History. He also serves on the boards of Citigroup and Estée Lauder.

    Parsons was interviewed by The HistoryMakers on November 15, 2008.

  • View Online Source
    www.hollywoodreporter.com/hr/content_display/finance/ne - [Cached Version]
    Published on: 12/11/2008    Last Visited: 12/12/2008  

    Richard Parsons exits as TW chairman
    ...
    NEW YORK -- Richard Parsons is stepping down as chairman of Time Warner at the end of the year, and the conglomerate's board has elected CEO Jeffrey Bewkes to take on the added role effective Jan. 1.
    ...
    A TW spokesman said Parsons hasn't commented on the issue and wasn't available Thursday.
    ...
    Parsons said the TW board "could have made no better choice." He had pushed Bewkes for the CEO job.

    The chairman-designate also said at an investor conference Wednesday that he expects a decision on the future of AOL shortly.

    Parsons oversaw the messy aftermath of the AOL-Time Warner merger and brought more stability and calm back to the company.

    "I am proud of what we accomplished, and I am very grateful to my colleagues on the board and throughout the company for their steadfast commitment to our stockholders, our customers, the broader public and to me," Parsons said.
    ...
    Richard Parsons exits as TW chairman
    ...
    NEW YORK -- Richard Parsons is stepping down as chairman of Time Warner at the end of the year, and the conglomerate's board has elected CEO Jeffrey Bewkes to take on the added role effective Jan. 1.
    ...
    A TW spokesman said Parsons hasn't commented on the issue and wasn't available Thursday.
    ...
    Parsons said the TW board "could have made no better choice." He had pushed Bewkes for the CEO job.

    The chairman-designate also said at an investor conference Wednesday that he expects a decision on the future of AOL shortly.

    Parsons oversaw the messy aftermath of the AOL-Time Warner merger and brought more stability and calm back to the company.

    "I am proud of what we accomplished, and I am very grateful to my colleagues on the board and throughout the company for their steadfast commitment to our stockholders, our customers, the broader public and to me," Parsons said.

  • View Online Source
    richard.parsons.en.wikimiki.org/ - [Cached Version]
    Published on: 6/27/2009    Last Visited: 6/27/2009  

    Richard Parsons
    ...
    Richard Parsons Richard Parsons (born April 4, 1948) is an American media executive. Currently, he is the Chairman and CEO of Time Warner. Prior to his leadership in the entertainment industry, Parsons was a New York banking exective and lawyer. He is sometimes credited with helping revive Time Warner after a problematic merger with AOL.
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    - [http://www.timewarner.com/corp/management/speeches/parsons/parsons r 2005 05 15.html Parsons' Speeches] Parsons, Richard D. Parsons, Richard D.
    ...
    Richard Parsons became the new CEO.
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    - Richard D. Parsons - Chairman of the Board & Chief Executive Officer

  • View Online Source
    www.first30days.com/ariane/book_testimonials - [Cached Version]
    Published on: 4/23/2008    Last Visited: 3/31/2009  

    - Richard Parsons former CEO of Time Warner

  • View Online Source
    www.theoutlookonline.com/us_world_news/story.php?story_ - [Cached Version]
    Published on: 6/17/2009    Last Visited: 6/18/2009  

    PARSONS AFFIRMS FAITH IN MANAGEMENT

    "We went through a rigorous stress test process, the results of which were agreed to by appropriate regulatory agencies and clearly reflect the significant progress made by this management team over the last 15 months to turn Citi around," Citigroup Chairman Richard Parsons said in a statement emailed to Reuters.

    Parsons said Citigroup has reduced its balance sheet by nearly 25 percent and "riskier" assets by over 50 percent.

    "We have raised an unprecedented amount of capital and, upon completion of the pending public exchange offer, Citi will be among the best-capitalized banks in the world," Parsons added.

  • View Online Source
    www.citigroup.com/citi/press/2009/090610a.htm - [Cached Version]
    Published on: 6/10/2009    Last Visited: 6/14/2009  

    "A great deal has been accomplished over the past year," said Richard Parsons, Citi Chairman of the Board.

  • View Online Source
    bankruptcynews.org/company_tracker/TIME_WARNER.html - [Cached Version]
    Last Visited: 11/17/2007  

    Dick Parsons Picks His Battles Sep 21, 2005
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    Houston Chronicle, ... net loss for August as a result of continuing high costs for its 33-month-old bankruptcy reorganization and ... Dick Parsons, the CEO of Time Warner, said that ...
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    Yahoo! News TIME WARNER INC (TWX) Chairman and Chief Executive Dick Parsons said the ... that the troubled automotive supplier might soon file for bankruptcy-court protection. ...
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    Bloomberg Time Warner Chief Executive Officer Richard Parsons agreed to meet with the investors ... will allow it to keep flying if it declares bankruptcy, people familiar ...
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    Bloomberg Time Warner Chief Executive Officer Richard Parsons agreed to meet with the dissident ... will allow it to keep flying if it declares bankruptcy, people familiar ...
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    Richmond Times Dispatch, Delta Air Lines Inc., which is struggling to avoid bankruptcy, asked a ... had a "productive" discussion with Dick Parsons, the CEO of Time Warner Inc., concerning ...

  • View Online Source
    www.stltoday.com/stltoday/business/stories.nsf/story/91 - [Cached Version]
    Published on: 6/6/2009    Last Visited: 6/6/2009  

    But much of the financial service giant's problems predated Pandit's rise to CEO in December 2007, and Citi Chairman Richard Parsons on Friday issued a statement of support.

    "We are confident in our management and confident that we will continue to position Citi for a return to sustained profitability," Parsons said in an e-mail.

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