Richard Parsons, the executive dubbed “Captain Emergency” for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup Inc. and Dime Savings Bank of New York, has died. He was 76.Parsons died on Thursday at his home in Manhattan. The cause of death was bone cancer, the New York Times reported, citing Ronald S. Lauder, a friend. Parsons was named chairman of CBS Corp. in September 2018 and resigned less than one month later, citing complications from multiple myeloma, a blood cancer.Parsons was named chief executive officer of AOL Time Warner in 2002 after the $124 billion merger of the dial-up internet provider and the largest entertainment and media company started to fall apart. Just before he took over, following the surprise departure of CEO Gerald Levin, the newly merged entity posted a record loss of $54.2 billion as the value of its stock sank amid the bursting of the dot-com bubble.“My biggest dream for this company is to restore it — to bring Time Warner back to the position that I think it once had and, even better than that, to make it the greatest company in the media and entertainment world,” said Parsons, who was named chairman in 2003.Parson, a tall Black man with a gentle management style who some compared to a teddy bear, removed AOL from the company’s name, changed key managers and shored up its finances by laying off employees and selling noncore units. Two years into his repair job, Fortune listed Parsons No. 23 on the Power 25,... Continue reading at 'Crains New York'
[ Crains New York | 2024-12-27 15:01:08 UTC ]
He wasn’t just prolific, publishing 32 books. His output also showed an unusual range that included memoirs and forays into historical fiction and even poetry. Continue reading at The New York Times
[ The New York Times | 2024-12-30 10:58:27 UTC ]
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The former U.S. president and 2002 Nobel Peace Prize winner, who authored every word of his 32 titles on politics, faith, and more, has died at 100. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-29 05:00:00 UTC ]
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Richard Parsons, the executive dubbed “Captain Emergency” for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup Inc. and Dime Savings Bank of New York, has died. He was 76.Parsons died on Thursday at his home in Manhattan. The cause of death was bone cancer, the New... Continue reading at Crains New York
[ Crains New York | 2024-12-27 15:01:08 UTC ]
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The US presidential election is in its final stretch. Before election day on November 5, Engadget is looking at where the candidates, Kamala Harris and Donald Trump, stand on the most consequential tech issues of our day. The Biden administration has been more aggressive than almost any in... Continue reading at Engadget
[ Engadget | 2024-10-29 13:30:13 UTC ]
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A global hotelier has scored a Manhattan home near where his company first put down roots.Richard Chiu, founder of the chain Warwick Hotels and Resorts, whose initial acquisition in 1980 was Midtown’s Warwick Hotel, purchased the three-bedroom condo on Columbus Circle for $17.3 million,... Continue reading at Crains New York
[ Crains New York | 2024-09-24 17:00:13 UTC ]
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Before starting his culinary career, acclaimed chef Marc Murphy wasn't sure if he would be able to find a job that he would actually be good at."I'm very dyslexic. I had a hard time staying in school," he said. "I ended up cooking because I knew I didn't have to read or write."Murphy's life in... Continue reading at Crains New York
[ Crains New York | 2024-09-03 10:03:04 UTC ]
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Insight into personality is dramatically more important than emotional intelligence. Richard Davis is an organizational psychologist and managing director at Russell Reynolds Associates. He has extensive experience advising CEOs, including those leading Fortune 100 companies. Clients include... Continue reading at Fast Company
[ Fast Company | 2024-07-20 08:00:00 UTC ]
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More than 30 years ago Annika Pergament drove up the coast, starting in Florida, in search of her first journalism job after graduate school—her trunk filled with tapes of herself as a news anchor. She landed a gig in television news just several hundred miles later."I hit every news station on... Continue reading at Crains New York
[ Crains New York | 2024-04-23 20:44:42 UTC ]
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Gerald Levin, who led Time Warner Media into a disastrous $182 billion merger with the internet provider America Online, has died at the age of 84 Continue reading at ABC News
[ ABC News | 2024-03-15 09:02:35 UTC ]
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Seeing untold promise in new technology, he was a prime mover in the creation of the cable industry, helping to transform Time Warner Cable into a giant in the field. Continue reading at The New York Times
[ The New York Times | 2023-10-19 20:03:36 UTC ]
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At Time Warner, executives saw AT&T as just a “big phone company from Texas.” At AT&T, they thought Hollywood would play by their rules. That combination led to strategic miscalculation unrivaled in recent corporate history. Continue reading at The New York Times
[ The New York Times | 2022-11-19 10:00:26 UTC ]
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It disrupted the market and has more than 200m subscribers. But with slower growth, some say Netflix must change its gameTwelve years ago Jeff Bewkes, then chief executive of Time Warner, compared Netflix to the Albanian army. “It’s a little bit like, is the Albanian army going to take over the... Continue reading at The Guardian
[ The Guardian | 2022-04-17 07:00:23 UTC ]
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Guardian photographer who captured most of the main events and notable people from the early 1960s to the late 90sThe photographer Frank Martin, who has died aged 89, was on the staff of the Guardian from 1964 to 1997, creating an extensive body of work that covered news, arts, fashion, politics... Continue reading at The Guardian
[ The Guardian | 2022-04-13 16:01:26 UTC ]
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Over the weekend, a massive merger agreement was hammered out between telecom giant AT&T and entertainment company Discovery Inc. If it receives the blessing of federal regulators, AT&T will spin off its WarnerMedia unit—which includes CNN, HBO, and other assets—into a separate company... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2021-05-18 12:05:33 UTC ]
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Novelists no longer shy away from tough issues readers are facing such as mental illness, racial inequity, sexual harassment and abuse, trafficking, and domestic violence. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-09 04:00:00 UTC ]
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On Wednesday afternoon, a mob of right-wing extremists and indignant livestreamers stormed the Capitol. Along their path, they left a note to the journalists who were covering the scene, a message that seemed a harrowing extension of a presidency marked by anti-press virulence: etched into a... Continue reading at Columbia Journalism Review
[ Columbia Journalism Review | 2021-01-08 13:30:11 UTC ]
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AT&T’s WarnerMedia has brought on a startup to help it get HBO Max into more places. The entertainment arm of the Dallas company has acquired Canada-based You.i TV, a provider of cross-platform development tools for television and media companies, according to a statement. Terms were not... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-12-23 22:03:09 UTC ]
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The usual narrative about the 39th president has it backward, Jonathan Alter argues. Continue reading at The Washington Post
[ The Washington Post | 2020-12-04 13:00:00 UTC ]
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The cuts are the biggest since the surge in employees at the time of the Time Warner acquisition in 2018. Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-10-26 17:04:42 UTC ]
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