Advertisement
YOU ARE HERE: LAT HomeCollectionsRichard Parsons
IN THE NEWS

Richard Parsons

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.
Advertisement
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
December 7, 2001 | SALLIE HOFMEISTER and CLAUDIA ELLER and EDMUND SANDERS, TIMES STAFF WRITERS
On the morning after AOL Time Warner Inc. completed its $99-billion merger in January, the freshly appointed co-chief operating officers were asked how they'd slept the night before. Robert W. Pittman replied energetically that he'd barely slept a wink, working late to close the deal and still running high on adrenaline. Richard D. Parsons, after a beat, responded, "I slept like a log."
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
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.
BUSINESS
January 13, 2001 | EDMUND SANDERS, TIMES STAFF WRITER
Even as the celebratory champagne flowed Friday, executives at the newly created AOL Time Warner began the sobering task of leading the world's largest entertainment and media conglomerate. After a yearlong government review, America Online, the No. 1 Internet firm, and Time Warner, the world's leading entertainment company, closed their $99-billion deal late Thursday night, the biggest corporate merger in U.S. history.
BUSINESS
December 6, 2001 | SALLIE HOFMEISTER and EDMUND SANDERS, TIMES STAFF WRITERS
In a move that stunned the entertainment world, Gerald Levin announced Wednesday that he will retire in May as chief executive of AOL Time Warner Inc., the world's largest media company. Levin's successor will be his longtime deputy, Richard Parsons, 53, who became co-chief operating officer in January 2000 as part of Time Warner's merger with AOL. Levin chose Parsons over Robert Pittman, former America Online president, who has shared the COO title since the landmark merger in January.
BUSINESS
December 4, 1994 | SKIP WOLLENBERG, ASSOCIATED PRESS
Richard Parsons pokes his head out of a conference room and asks if he can have a few more minutes before a scheduled interview. He's got a few loose ends to wrap up here at Dime Bancorp--a proposed merger must still be closed--before he can discuss his next career move. In nearly two dozen years of work, Parsons has already led three lives--as a government policy-maker, lawyer and bank company chairman. He starts a new one in February when he becomes second in command at Time Warner Inc.
CALIFORNIA | LOCAL
October 14, 1990
Regarding Dana Parsons' column on the perceived fears of Santa Ana librarians who claim intimidation from the department head Rob Richard: Parsons' writing confuses me. If he had to face the wrath of a managing editor or publisher, perhaps he would empathize with those who are fearful for their livelihood. WILLIAM E. HARPER El Monte
BUSINESS
March 22, 2006 | From Bloomberg News
Time Warner Inc. Chief Executive Richard Parsons needs to keep cutting costs to boost the company's share price, a large shareholder said. "It's part of the way but there's still work to be done," said Muneef Tarmoom, CEO of Istithmar PJSC, a fund owned by the royal family of the United Arab Emirates. Istithmar, with 2.39% of New York-based Time Warner, is among the top 10 shareholders, according to Bloomberg data.
Los Angeles Times Articles
|