Richard Parsons, the former Chief Executive Officer of Time Warner and chairman of Citigroup, has passed away at the age of 76. Known for his role as a leading executive in various prominent companies, Parsons played a critical part in guiding firms through turbulent times. His death was confirmed by family members, who released a statement celebrating his legacy. Parsons was widely recognized as a crucial figure in the media and financial sectors, accumulating accolades over his extensive career. He served as the CEO of Time Warner from 2002 to 2007, during which he oversaw significant mergers and acquisitions, including the merger with AOL. His leadership helped stabilize the company during a challenging period. Beyond his work at Time Warner, Parsons was instrumental at Citigroup, where he contributed to a resurgence in the firm’s reputation amidst financial crisis. A prominent community figure, Parsons was noted for advocating for diversity in the workplace. Friends and associates remember him fondly, with one colleague stating, “He was a man of great integrity, always working towards excellence in every challenge he faced.” Parsons’ passing is a significant loss to both the corporate world and the communities he impacted through his philanthropic efforts.
Richard Parsons, Former CEO of Time Warner, Dies at 76
