Richard Parsons: A Legacy of Leadership and Resilience

Richard Parsons, a notable Black businessman and banking executive, passed away at 76. He played key roles in turning around Time Warner, helping Citigroup during the financial crisis, and leading the NBA Clippers through a scandal. Parsons leaves behind a legacy of leadership and service on multiple prestigious boards.

Richard Parsons, a highly esteemed figure in the banking and business world, died at 76. Renowned for leading Time Warner through challenging mergers and assisting Citigroup amid the financial crisis, Parsons' career was marked by significant achievements in corporate turnaround and crisis management.

Born in Brooklyn, Parsons held front-row roles in important enterprises, notably improving Time Warner's debt situation and providing stability as Citigroup's chairman during financial turmoil. He also held significant positions on boards such as Estee Lauder and Lazard.

Parsons' expertise and moral compass were evident in his leadership, especially when steering the NBA Clippers through a critical racism scandal. Remembered as a trailblazer and problem solver, his contributions to culture and society extend to key roles in renowned American cultural institutions.

(With inputs from agencies.)