Richard Parsons, Trailblazing Media and Finance Leader, Dies at 76

The former CEO of Time Warner and Citigroup, known for his crisis management expertise, passed away after battling multiple myeloma and bone cancer.

Richard Parsons, a prominent Black executive, led Time Warner during its recovery from the AOL merger and Citigroup through the financial crisis.
He was instrumental in stabilizing troubled organizations, including serving as interim CEO of the Los Angeles Clippers and CBS during pivotal moments.
Parsons' leadership was marked by his ability to navigate crises and foster stability, earning respect across industries for his diplomatic and empathetic style.
A longtime advocate for education and the arts, he played a key role in preserving the Apollo Theater and supported numerous cultural institutions.
Parsons is remembered for breaking barriers in corporate America, his contributions to media and finance, and his mentorship of future leaders.