Advertisement
YOU ARE HERE: LAT HomeCollectionsRichard Parsons
IN THE NEWS

Richard Parsons

BUSINESS
March 22, 2008 | From Bloomberg News
Time Warner Inc. Chief Executive Jeffrey Bewkes was paid $19.6 million last year, a 4.9% increase, as the company's stock declined 24%. Chairman Richard Parsons, who gave up the CEO role during the year, was paid less. His total compensation dropped to $18.6 million from $22.5 million, the company said Friday in a filing with the Securities and Exchange Commission. Bewkes, named CEO on Nov. 5 after two years as president and chief operating officer, is considering selling assets, including publications and the AOL network.
Advertisement
BUSINESS
July 9, 2004 | From Bloomberg News
News Corp. Chairman Rupert Murdoch said Metro-Goldwyn-Mayer Inc. might not be worth the $5 billion that Sony Corp. is considering offering for the film studio and its movie library. "Personally, I can't see the value, but I could be proved wrong," Murdoch said in an interview in Sun Valley, Idaho, where he was attending Allen & Co.'s annual media conference. Murdoch said he would be "very surprised" if a purchase of MGM was negotiated by participants at the conference, who included Sony Corp.
BUSINESS
May 10, 2003 | From Bloomberg News
AOL Time Warner Inc. Chief Executive Richard Parsons is facing a revolt from two of the company's biggest investors as they plan to vote against some directors in protest of auditing issues, board independence and a plunge of more than 70% in share value since 2001. The California Public Employees' Retirement System said it won't vote for five directors of AOL Time Warner.
BUSINESS
March 21, 2003 | Edmund Sanders, Times Staff Writer
Media mogul Ted Turner ended weeks of speculation by announcing that he intended to remain a director at AOL Time Warner Inc. while holding to his plan to step down as vice chairman of the entertainment giant in May. Turner formally informed the board of his decision at its meeting Thursday in New York. Earlier this week, he said he believed that his media experience would continue to be helpful, particularly during the Iraq war.
ENTERTAINMENT
December 8, 2004 | From a Times staff writer
A year after winning construction approval from Congress and President Bush, the Smithsonian Institution said Tuesday it is about to receive the first federal appropriation for the planned National Museum of African American History and Culture. The $3.9-million appropriation for 2005 will be used for engineering studies, planning and staffing, the Smithsonian said. The institution also announced that it has appointed 19 members to the African American museum's council.
BUSINESS
December 11, 2001 | Sallie Hofmeister
Ted Turner, who was expected to step down as vice-chairman of AOL Time Warner Inc. at the end of the year, probably will renew his contract, company sources said. The cable mogul, who is one of the largest shareholders of the company, has been at odds with AOL chief Gerald Levin, who demoted Turner from an operating role as part of a management restructuring after the merger of Time Warner and AOL in January.
BUSINESS
December 7, 2004 | From Bloomberg News
Time Warner Inc., the world's largest media company, may give some of its $6.9 billion in cash back to shareholders, Chief Executive Richard Parsons said. "Our focus is shifting from stabilizing and repositioning the company to deciding how to deploy our growing capacity," Parsons, 56, said at a UBS media conference in New York. "In the coming months, we will also be reviewing programs to directly return capital to shareholders," he said, without being specific.
CALIFORNIA | LOCAL
February 11, 1995 | BARBARA MURPHY
Work has begun to repair damage to the Ventura Harbor caused by last month's heavy storms, officials said Friday. The $1.15-million repair job involves dredging the harbor to remove silt and repairing the breakwater, which began to crumble from the pounding of heavy surf. Dredging of the harbor entrance began Sunday, said Richard Parsons, general manager of the Ventura Port District. The repair work comes just six months after the completion of a $7.
CALIFORNIA | LOCAL
February 6, 1992 | KENNETH R. WEISS
Ventura County's two congressmen have asked a key congressional panel for $5.2 million next year to extend a breakwater at the mouth of the Ventura Harbor to cut down on dredging and make the harbor safer for boaters. Reps. Elton Gallegly (R-Simi Valley) and Robert J. Lagomarsino (R-Ventura) sent a letter Tuesday to the House Appropriations Committee asking that money be allocated now to save money in the long run.
CALIFORNIA | LOCAL
January 3, 1992 | MACK REED
A Kansas-based bank has agreed to lend $8.4 million to the Ventura Port District to help retire the debt owed to original investors in the beleaguered Ventura Marina Village shopping center, a port official said Thursday. If the loan deal with Merchants' Bank is closed by March 1 as planned, the port district could use the money to buy the title to about half the shopping center's buildings, said Richard Parsons, Ventura Harbor general manager.
Los Angeles Times Articles
|