October 27, 2007 |
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.
May 19, 2007 |
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.
February 17, 2006 |
In a victory for Time Warner Inc. Chief Executive Richard Parsons, dissident investor Carl Icahn is abandoning his fight for control of the world's largest entertainment company. Icahn has decided against his previous plan of nominating a full slate of directors to replace Time Warner's 14-member board, people with knowledge of the situation said. And the billionaire could give up the proxy fight altogether. Icahn was said to be in negotiations late Thursday with Time Warner executives.
January 17, 2003 |
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.
April 18, 2012 |
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.
December 7, 2001 |
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."
July 25, 2000 |
Migrating the music industry to the Web will be a far more brutal move than most record companies will admit, says Time Warner President Richard Parsons. Already, sources say turf wars have erupted between AOL and Time Warner as they attempt to integrate their drastically different cultures. In an exclusive interview, Parsons talks frankly about Internet economics, the status of Time Warner's proposed mergers with AOL and EMI Group as well as rumors regarding his own status.
January 13, 2001 |
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.
December 6, 2001 |
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.
December 4, 1994 |
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.