Richard Parsons Dies at 76

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Time Warner divorce

CNBC

•

US Politics

Richard Parsons, former Time Warner CEO, dies at age 76

Summary

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Richard Parsons helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history.

He was also chairman of Citigroup , helping to stabilize the banking giant in the wake of the financial crisis, and served as interim CEO of the Los Angeles Clippers .

Parsons became CEO of AOL Time Warner in 2002 , replacing Gerald Levin .

In May 2014 , Parsons was named interim CEO of the Los Angeles Clippers .

Parsons played down race as a factor of his success.

He briefly served as CBS chairman in the wake of Les Moonves' ouster.

Parsons stepped down suddenly in October 2018 citing health concerns.

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formal

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English