6 sources·Business

Remembering Richard Parsons: A Transformational Business Leader

Richard Parsons, the former CEO of Time Warner and Citigroup, dies at 76 after a battle with cancer, leaving a legacy in corporate America.

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Updated: Dec 26th, 2024, 10:23 PM ET

Summary

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Richard Parsons, a prominent Black executive known for his leadership in turning around Time Warner and Citigroup, died at 76 due to cancer. Parsons played a crucial role in navigating companies through significant crises, including the aftermath of the AOL merger and the 2008 financial collapse. Praised for his integrity and problem-solving skills, his contributions extended beyond business as he served on various boards and supported numerous charities. His legacy as a mentor and leader will impact countless professionals in the industry.

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