Richard Parsons’s profile picture

Richard Parsons

Franchiser
Richard Parsons’s profile picture
Net worth 2018: $95.5 Million
Industry: Business People
Residence: Brooklyn
Country: United States
BirthDay: 4 April 1948
Sigh: Taurus
Height: 1.93 m
Education: 1971 - Albany Law School, 1968 - University of Hawaii at Manoa
BIOGRAPHY

Richard Parsons was bornon 4 April 1948 in Brooklyn, American, is Franchiser. The number of people who have worn the hats of businessman, political powerbroker, lawyer, and an authoritative voice on policies of the government with as much ease as American corporate icon Richard Parsons is very few. Although it is true that he trained as a lawyer and became famous after faring particularly well in the New York bar exam; he did not pursue a career in law beyond a point and instead decided to work with President Gerald Ford. It was his stint with the President Gerald Ford that provided him a glimpse of the dynamics of the powerful elite in the United States and no doubt shaped the way in which he conducted himself during the rest of his career as one of the corporate czars of the country. He held the top jobs at some of the biggest global corporations in the world and is a respected business leader all across the world. Parsons had a glittering career at the many corporations he worked for and led those giants with distinction during his tenure; however on the other side of the spectrum he has also worked as a key policy maker for US presidents which is why he is regarded as one of the leading lights of corporate America in every way.

NET WORTH STATISTIC
2018

$95.5 Million

TIMELINE
2012

He stabilised the bank and stepped down as chairman in 2012

2009

The Citigroup appointed Richard Parsons as their chairman in the year 2009 and considering the fact that the bank was struggling at the time following the financial meltdown, it was one of his toughest roles

2008

In 2008, the then President-elect Barrack Obama appointed him as his economic adviser

2001

Bush made him the co-chairman of President’s Commission to Strengthen Social Security, in 2001

1995

In 1995, Parsons became the president of Time Warner and led the company through a difficult period; as a result he was rewarded with the post of CEO in 2002 when the company was rechristened AOL-Time Warner following a merger

1991

The Savings Bank of New York wasn’t in great financial health when Parsons became its Chief Operating Officer; however once he became the CEO in 1991, he changed the fortunes of the bank and made it a profitable one

1988

In 1988, Richard Parsons was appointed as the Chief Operating Officer at the Saving Bank of New York; who also happened to be his clients during his days as a partner at the law firm Patterson, Belknap, Webb and Tyler

1977

It was in 1977 that Richard Parsons finally made a foray into a serious legal career when he joined the law firm Patterson, Belknap, Webb and Tyler based in New York

1974

In 1974, Parsons moved to Washington DC and worked with the then President of the United States of America Gerald Ford

1971

Instead of joining a law firm or starting his own practice, Parsons instead joined the legal team of the then New York governor Nelson Rockefeller in 1971 and continued to work for the latter’s office till Rockefeller was appointed the vice president three years later

1968

He went on to study at the University of Hawaii and earned his Bachelor’s degree in 1968 at the age of 20

1948

Richard Dean Parsons was born to Lorenzo Locklair Parsons and Isabelle Parsons on April 4, 1948 in Brooklyn, New York

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