Richard Parsons news stories on Newser

No-Show Bankers Show Who's on Top

Kevin Spak — Tue, 15 Dec 2009 07:28:05 CST

Obama’s meeting with top bankers yesterday spoke volumes about the new power dynamic between Washington and Wall Street—and not in the White House’s favor. Three top bankers, Lloyd Blankfein, John Mack and Richard Parsons, called in rather than showing their faces. Their excuse was weather that had delayed their—...

Citigroup Chair, Model Have Love Child

Evann Gastaldo — Fri, 22 May 2009 14:17:29 CDT

The credit crisis isn’t the only problem that's been on Citigroup chairman Richard Parsons’ mind in recent months—there’s also the love child he fathered with a Ralph Lauren model, the New York Daily News reports, and how to tell his wife of 31 years about it. The 61-year-old Parsons...

Citi CEO Drops by White House, Sparking Chatter

Gabriel Winant — Tue, 24 Feb 2009 10:00:00 CST

Citigroup’s new chief, Richard Parsons, dropped by the White House last night, Politico reports, visiting Valerie Jarrett, an adviser and longtime confidante to President Obama. “He was here to meet with Valerie—something she often does with business leaders,” explained an official. Still, the visit fueled more speculation about government...

Ex-Time Warner Chief Will Lead Citigroup

Wed, 21 Jan 2009 19:57:36 CST

Former Time Warner CEO Richard Parsons—an economic adviser on Barack Obama's transition team—will become the new chairman of Citigroup next month. The ailing bank has suffered five straight quarters of losses and received $45 billion in government aid as it struggles to stay afloat amid the credit crisis....

Citi Denies Rumors CEO Is on Chopping Block

Kevin Spak — Mon, 12 Jan 2009 08:48:00 CST

Even as it prepares a fourth-quarter report that’s expected to miss its target by billions, Citigroup says CEO Vikram Pandit’s job is safe, the Wall Street Journal reports. Pandit’s barely had the job a year, but rumors have flown he’d be a casualty of the company’s next shakeup. Federal regulators...

Sources: Paterson Not So Keen on Caroline

Katherine Thompson — Mon, 08 Dec 2008 10:24:01 CST

David Paterson likes and respects Caroline Kennedy, but the New York governor isn't so sure she's cut out to be Hillary Clinton's replacement. Giving Kennedy 20-1 odds, an anonymous insider tells Fredric U. Dicker of the New York Post that Paterson wants his state to have a louder voice in...

NYC Biz Leaders Search for Next Mayor/CEO

Dustin Lushing — Mon, 07 Jul 2008 09:32:23 CDT

New York Mayor Michael Bloomberg will vacate his office in 18 months, the New York Times reports, and local business honchos are already hunting for a replacement candidate who shares Bloomberg's financial independence and city-as-a-business approach. "What the business community wants is not just a businessman but a Bloomberg-type businessman,...

AOL Drags Time Warner Income Down 53%

Kevin Spak — Wed, 07 Nov 2007 11:47:38 CST

Time Warner’s net income tumbled to $1.09 billion this quarter, compared to $2.32 billion a year earlier, thanks to a deeply underperforming AOL division, the Wall Street Journal reports. AOL last year dropped Internet-access fees, and with them 38% of its revenue, to focus on advertising. But the...

Time Warner Names Bewkes New CEO

Sam Gale Rosen — Mon, 05 Nov 2007 15:26:21 CST

Time Warner named Jeff Bewkes its new CEO today, effective Jan. 1, reports the Wall Street Journal . Bewkes, currently the president, will take over from outgoing CEO Richard Parsons, who will remain chairman of the struggling media giant. "We have a lot to do, and I'm intensely focused on shareholder...