Richard Parsons, former CEO of Time Warner, dies at 76

  • CNN
  • December 26, 2024
CNN

 — 

Dick Parsons, an American businessman who led Time Warner and helped iconic US companies navigate tough circumstances, has died at 76.

A prominent Black business executive, Parsons was known for his problem-solving prowess, steering major companies, including Time Warner and Citigroup, through periods of distress. He also advised US presidents and served on various company boards.

Parsons' death was confirmed in a statement from financial services firm Lazard, where he had served on the board.

"Dick's storied career embodied the finest traditions of American business leadership," Lazard said.

With a steady hand, Parsons wielded influence in Corporate America during the dot-com bust and the great financial crisis of 2008, both periods of immense uncertainty.

This is a developing story and will be updated.