Richard Parsons, former CEO of Time Warner, dies at 76
CNN
Dick Parsons
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. “Dick’s storied career embodied the finest traditions of American business leadership,” Lazard said. With a steady hand, Parsons wielded influence in Corporate America during the dot-com bust and the great financial crisis of 2008, both periods of immense uncertainty. This is a developing story and will be updated.
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