Obituary
Richard Parsons, who led Time Warner and Citibank through turbulent times, died Dec. 26 of complications of multiple myeloma. He was 76. Early in his career, he worked for Nelson Rockefeller (R), who was then New York's governor and later…
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when Rockefeller was vice president under Gerald Ford. A lawyer, Parsons joined Time Warner’s board in the mid-1990s, serving during the company's expansion, including with the purchase of CNN. Later he helped negotiate AOL’s purchase of TW, in 2000. Parsons helmed the combined entity during what proved to be a rocky time, with company stock plunging and fighting among divisions. He resigned as CEO late in 2007 and was named Citibank chairman in 2009, leading it through restructuring and stepping down in 2012. In 2018, CBS tapped him as interim board chairman following Les Moonves’ ouster amid allegations of sexual misconduct, but Parsons stepped down a month later following his cancer diagnosis. Survivors include his wife, Laura, and children, Gregory, Leslie, Rebecca and Ella. Details about funeral services weren’t available at our deadline.