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Richard Parsons

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BUSINESS
November 1, 1994 | JAMES BATES, TIMES STAFF WRITER
Time Warner Inc. on Monday named New York banker and company director Richard Parsons president effective Feb. 1, giving him the job of overseeing financial, legal, communications and administrative functions. Parsons, 46, is currently chief executive of the New York thrift Dime Bancorp, which is merging with New York's Anchor Savings after a Parsons-led turnaround.
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BUSINESS
April 18, 2012 | By E. Scott Reckard, Los Angeles Times
The shareholder rejection of Citigroup Inc. Chief Executive Vikram Pandit's $15-million pay package has some on Wall Street wondering if the same fate might be in store for the heads of other big U.S. banks. Both Wells Fargo & Co. and Bank of America Corp. will ask shareholders in the coming weeks to vote on a "say on pay" proposal. Corporate governance experts and activist shareholders expect that these votes will capture even more attention now that Citi's shareholders have said they want Pandit's compensation to be dialed back.
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BUSINESS
April 5, 2006 | From Bloomberg News
Time Warner Inc. paid Chief Executive Richard Parsons $16 million in 2005, down from $16.2 million he received the previous year. Parsons' basic salary was unchanged at $1.5 million and his bonus was cut to $7.5 million from $8 million in 2004, the New York-based company said in a filing with the Securities and Exchange Commission. Entertainment executive Jeffrey Bewkes, who became president and chief operating officer Jan. 1, was paid $12.4 million, down from $12.
BUSINESS
January 22, 2009 | Associated Press
Citigroup Inc. is replacing its chairman with longtime board member Richard Parsons, marking a larger-scale overhaul of a board many investors blame for the bank's problems. Parsons, the former chief executive of Time Warner Inc., succeeds Win Bischoff, who became chairman in 2007 after Citigroup let go of its beleaguered CEO and chairman at the time, Charles Prince. The move is effective Feb. 23, Citigroup said Wednesday.
SPORTS
October 6, 1989
Cypress High School scored 15 points in the fourth quarter en route to a 22-0 victory over winless Magnolia Thursday night in Handel Stadium. The Centurions took a 7-0 lead with five minutes remaining in the half on a four-yard run by Brian Dawson. Cypress did not score again until two plays into the fourth quarter on a three-yard run by Sundance Smith.
BUSINESS
August 19, 2005 | From Associated Press
Financier Carl Icahn said Thursday that he had a "productive" discussion with Richard Parsons, the chief executive of Time Warner Inc., concerning Icahn's ideas for lifting the value of Time Warner's stock.
BUSINESS
August 18, 2005 | From Bloomberg News
Time Warner Inc. said Chief Executive Richard Parsons met Wednesday with dissident shareholder Carl Icahn and pledged to move "as aggressively as appropriate" to bolster the company's stock price. At a 50-minute face-to-face meeting, Icahn and Parsons had a "frank and open exchange of views," said Ed Adler, a spokesman for New York-based Time Warner, the world's largest media company. He declined to elaborate.
BUSINESS
October 27, 2007 | From Bloomberg News
Time Warner Inc. said no decision had been made on when Richard Parsons would step down as chief executive of the world's largest media company. Parsons may announce the handoff to President Jeffrey Bewkes as early as next week, the London-based Times reported on its website. The topic was discussed at a board meeting in London this week, the Times said. New York-based Time Warner confirmed the meeting but said the company had no comment.
BUSINESS
May 19, 2007 | Claudia Eller, Times Staff Writer
At Time Warner Inc.'s annual shareholder meeting Friday, investors appeared to be more concerned about such issues as the compensation of its top executives and the media giant's stock performance over the last five years than the circumstances surrounding last week's firing of HBO chief Chris Albrecht.
BUSINESS
January 22, 2009 | Associated Press
Citigroup Inc. is replacing its chairman with longtime board member Richard Parsons, marking a larger-scale overhaul of a board many investors blame for the bank's problems. Parsons, the former chief executive of Time Warner Inc., succeeds Win Bischoff, who became chairman in 2007 after Citigroup let go of its beleaguered CEO and chairman at the time, Charles Prince. The move is effective Feb. 23, Citigroup said Wednesday.
BUSINESS
October 27, 2007 | From Bloomberg News
Time Warner Inc. said no decision had been made on when Richard Parsons would step down as chief executive of the world's largest media company. Parsons may announce the handoff to President Jeffrey Bewkes as early as next week, the London-based Times reported on its website. The topic was discussed at a board meeting in London this week, the Times said. New York-based Time Warner confirmed the meeting but said the company had no comment.
BUSINESS
May 19, 2007 | Claudia Eller, Times Staff Writer
At Time Warner Inc.'s annual shareholder meeting Friday, investors appeared to be more concerned about such issues as the compensation of its top executives and the media giant's stock performance over the last five years than the circumstances surrounding last week's firing of HBO chief Chris Albrecht.
BUSINESS
April 5, 2006 | From Bloomberg News
Time Warner Inc. paid Chief Executive Richard Parsons $16 million in 2005, down from $16.2 million he received the previous year. Parsons' basic salary was unchanged at $1.5 million and his bonus was cut to $7.5 million from $8 million in 2004, the New York-based company said in a filing with the Securities and Exchange Commission. Entertainment executive Jeffrey Bewkes, who became president and chief operating officer Jan. 1, was paid $12.4 million, down from $12.
BUSINESS
September 7, 2005 | From Times Staff and Wire Services
Time Warner Inc. Chief Executive Richard Parsons, under the gun from financier Carl Icahn to boost the media conglomerate's stock price, received a vote of confidence Tuesday from the world's fifth-richest man. "We have full trust and confidence in Mr. Parsons," Saudi Prince Alwaleed bin Talal said in an interview from Paris. Alwaleed owns about 1% of New York-based Time Warner. Separately, Alwaleed also reiterated his support for another media chief, News Corp.
BUSINESS
August 19, 2005 | From Associated Press
Financier Carl Icahn said Thursday that he had a "productive" discussion with Richard Parsons, the chief executive of Time Warner Inc., concerning Icahn's ideas for lifting the value of Time Warner's stock.
BUSINESS
August 18, 2005 | From Bloomberg News
Time Warner Inc. said Chief Executive Richard Parsons met Wednesday with dissident shareholder Carl Icahn and pledged to move "as aggressively as appropriate" to bolster the company's stock price. At a 50-minute face-to-face meeting, Icahn and Parsons had a "frank and open exchange of views," said Ed Adler, a spokesman for New York-based Time Warner, the world's largest media company. He declined to elaborate.
BUSINESS
April 18, 2012 | By E. Scott Reckard, Los Angeles Times
The shareholder rejection of Citigroup Inc. Chief Executive Vikram Pandit's $15-million pay package has some on Wall Street wondering if the same fate might be in store for the heads of other big U.S. banks. Both Wells Fargo & Co. and Bank of America Corp. will ask shareholders in the coming weeks to vote on a "say on pay" proposal. Corporate governance experts and activist shareholders expect that these votes will capture even more attention now that Citi's shareholders have said they want Pandit's compensation to be dialed back.
BUSINESS
January 17, 2003 | Sallie Hofmeister, Times Staff Writer
In a vote for stability and continuity, AOL Time Warner Inc. on Thursday elected Chief Executive Richard Parsons to the additional post of chairman. The move ended speculation about yet another possible leadership shake-up at the world's largest media conglomerate. At a regularly scheduled meeting, the board of directors voted unanimously for Parsons to succeed Steve Case, who announced Sunday that he would step down as chairman in May.
BUSINESS
November 25, 2003 | Jeff Leeds, Times Staff Writer
Time Warner Inc. jumped into the music business in 1967 when entrepreneur Steve Ross purchased the first batch of entertainment companies that would form the core of today's media giant and its Warner Music division. As Time Warner grew into an entertainment conglomerate, music became one of its main cash cows and later a centerpiece of its star-crossed merger with America Online Inc.
BUSINESS
February 21, 2003 | Edmund Sanders, Times Staff Writer
Richard D. Parsons' young reign as chairman and chief executive of AOL Time Warner Inc. is showing signs of lingering strain where he least needs it: among the officer corps that keeps his huge operating divisions running. Parsons, who has headed the media giant for less than a year and became chairman only a month ago, last week gathered his 150 top managers for a two-day retreat that was supposed to consign intra-company rivalries to the past.
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