Parsons was known for reshaping companies that faced financial issues

Parsons was best known for reshaping companies in both media and finance after they faced significant financial problems. His leadership led to quick turnarounds for Time Warner and Citigroup. Parsons also served on the boards for Estee Lauder cosmetics company, the Museum of Modern Art and other institutions.

His ability to navigate complex challenges and drive transformation made him a respected figure in the business world, earning admiration from colleagues and industry leaders. Financial services firm Lazard shared touching words to describe Parsons, who also served on the board.

“Dick’s storied career embodied the finest traditions of American business leadership,” Lazard said.

Richard Parsons

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