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Only now, about to turn 70, with no compelling calls of duty, is he truly free to do what he wants, if he can ever make up his mind. Three years later, in 1991, on the recommendation of Nelson's brother Laurance Rockefeller to the then CEO Steve Ross, Parsons was invited to join Time Warner's board; he subsequently became president of the company in 1995, recruited by chief executive Gerald Levin. He is, by almost any measure that you want to identify, ill-equipped to be the president of the United States. In 2001, United States President George W. Bush selected Parsons to co-chair a commission on Social Security. But once he fell short, in a much-discussed affair with model-philanthropist MacDella Cooper, who gave birth to his baby girl in 2009. [9], Parsons became chairman of Citigroup on 23 February 2009.

[20], In August 2006, an article in New York Magazine reported that Parsons would likely run for Mayor of New York City in the 2009 New York mayoral election. ". They need somebody more oriented toward the way the world is going.' All rights reserved. [6] He later attended the University of Hawaii at Manoa, where at 6'4" tall he may have played varsity basketball. All Royalty-Free licences include global use rights, comprehensive protection, and simple pricing with volume discounts available, Newspapers and magazines (except for covers), editorial broadcasts, documentaries, non-commercial websites, blogs and social media posts illustrating matters of public interest, Book or magazine covers, commercial, promotional, advertorial, endorsement, advertising, or merchandising purposes in any media (e.g. [24], On May 9, 2014, in the wake of the Donald Sterling racial remarks controversy, it was announced that Richard Parsons was appointed the interim CEO of the Los Angeles Clippers. "The value proposition with AOL was, 'We have a walled garden and you have to pay to get in — and once in, the world is yours, so you'll be happy to pay us $14.95 a month,' " says Parsons. You have view-only access under this Premium Access agreement.

Some time later, Levin informed Parsons, his deputy, about the plan in a "very hush-hush" way. After his son was killed, he just stayed in his apartment for three or four months.

That model just collapsed. I'm not driven. In order to finalise your project with the material you downloaded from your EZA account, you need to secure a licence. Terms of Use | He's the kind of moderate conservative who readily acknowledges that the politician who's most impressed him is a Democrat, Bill Clinton. Nelson Rockefeller, and when Rockefeller became vice president in 1974, "He asked me to come to Washington as one of his lawyers, so I went to work [in the White House] as general counsel and associate director of what was then the Domestic Counsel." "You can slip into a bit of arrogance — that, somehow, you're cleverer or you're more adept, maybe even more deserving of success," he reflects. Click here to request Getty Images Premium Access through IBM Creative Design Services. [2] He was previously the interim CEO of the Los Angeles Clippers NBA franchise. The EZA account is not a licence. Parsons was accepted by Albany Law School of Union University, New York, where he earned a Juris Doctor in 1971, finishing at the top of his class. But I am competitive. For a brief time he worked for Nelson Rockefeller at the family office, "Room 5600", at Rockefeller Center.[8]. Boards are the best place to save images and video clips. "You almost can't measure Clinton's intelligence." [9] In 1988, he was recruited to serve as chief operating officer of the Dime Savings Bank of New York by CEO Harry W. Albright Jr., who was a former Rockefeller aide. {{selectedSize.discountPrice || selectedSize.price}}, {{ assetSizeLabel(selectedSize)}} {{formatPrice(selectedSize.discountPrice || selectedSize.price)}}, {{::t('download_workflow.download_will_be_saved_to_dropbox')}}. The Getty Images design is a trademark of Getty Images. The company's stock had plummeted from a peak of $104 to a low of $10, wiping out billions of dollars and raising the question of whether it could even survive. About Our Ads But they also pointed out, when he left, that Time Warner stock was essentially where it had been when he took over. This repository is populated with tens of thousands of assets and should be your first stop for asset selection. "Dick taught me a lot about the life of a corporate CEO, but one thing I could only observe was his innate ability to stabilize an organization during unsettled times — and I had a front-row seat watching him achieve that here at Time Warner," he says. They have three grown children: Gregory, Leslie, and Rebecca.

He joined the foundation's Board of Trustees in 2008. "Jerry was trying to deal with all that emotion. "We didn't have any lawyers in our neighborhood," he says. Parsons also dropped AOL from the company's name; it would be sold altogether a few years later, the final recognition that this shotgun marriage had been ill-conceived from the start. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. ", Given Parsons' experience, many within Hollywood and the investment community have been eager to hear his unique perspective on AT&T's proposed $85 billion deal to acquire Time Warner. The fact that he managed and survived — as did Time Warner, which is now on the brink of another mega-merger, with AT&T — is his most striking legacy. She has been married to David Lauren since September 4, 2011. "You can't apply the same mechanics.

"So far," he says, his eyes twinkling, "I haven't figured what that is.". He admits of President Donald Trump, whom he knows well, "I'm not a huge fan. For the year 2002, my first annual report, we took a write-down of $99 billion. [15], In June 2016, Parsons was appointed Board Chair of The Rockefeller Foundation, a foundation promoting the wellbeing of humanity all over the world. ", Throughout, the executive was aware that a clock was ticking, knowing he planned to resign at age 60; he did so on Jan. 1, 2008.

He became an advisory trustee of the family's principal philanthropy, the Rockefeller Brothers Fund, and he sits with David Rockefeller on the board of the World Trade Center Memorial Foundation.
© 2020 Getty Images. Parsons, who's been married to psychologist Laura Bush for almost 50 years, acknowledges the pain it caused others and still causes him. "The disrupters, the new-media people, just had a whole different way of thinking about business, and when you really cut to the core of it, their job was to disintermediate the old-media guys. His lack of any evident enthusiasm is perhaps telling. Mix and match royalty-free images, videos, and editorial with UltraPacks that never expire. "It is to some extent an AOL Time Warner redo. [4], Parsons was born to an African-American family in Brooklyn, New York, on April 4, 1948. The following assets contain unreleased and/or restricted content. Parsons later became Chairman and CEO[8] and oversaw a merger with Anchor Savings Bank, gaining a substantial sum when the Dime Bank was demutualized.

"You couldn't make them work seamlessly," he explains. The Hollywood Reporter is part of MRC Media and Info, a division of MRC. "His magic starts with his own example: He's calm no matter how bad the news, he understands all the nuances, including the human dimensions, and people trust him because he does what he says he will. Your Easy-access (EZA) account allows those in your organisation to download content for the following uses: It overrides the standard online composite licence for still images and video on the Getty Images website. Lauren Bush Lauren was born on June 25, 1984 in Texas, USA as Lauren Pierce Bush. {{t('buy_card.limited_use_name_'+product.Usage.toLowerCase())}}, {{t('buy_card.limited_use_description_'+product.Usage.toLowerCase())}}, {{getDefaultSize().teeShirtSize || getDefaultSize().label}}, {{getDefaultSize().pixels}} ({{getDefaultSize().localeUnits}}). Parsons is also on the board of the family-created Museum of Modern Art. He ruminates for some time before addressing the matter. He stepped down as CEO of Time Warner on December 31, 2007. 1 among the 4,000 potential lawyers who sat for the New York State Bar — which surprised even him. I would go to his house a couple of times a week just to let him know what was going on. [7] After four years, he was seven credits short of his diploma. During his 11 years at the firm Parsons took on Happy Rockefeller, the widow of Nelson (who had died in 1979) as a high-profile client. "[On] some things he was a jerk, some things he did all right, some things he settled things down.

"In the Japanese idiom," adds Parsons, "there's dry people and wet people, and wet people are gushy and warm, and dry people are taciturn and reserved." He met with the then President-elect on Friday, November 7, 2008, along with many other economic experts, to discuss measures to solve the current economic crisis.
He swirls the wine, savors it, then sips.

President George W. Bush, Laura Bush and Richard Parsons KM 10474_012345_0271.JPG (Photo by KMazur/WireImage for Turner).

The man they chose was Richard Parsons. Please carefully review any restrictions accompanying the Licensed Material on the Getty Images website and contact your Getty Images representative if you have a question about them.


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