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Richard Parsons, prominent Black executive who led Time Warner and Citigroup, dies at 76

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  Richard Parsons, one of corporate America's most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday. He was 76. Parsons, who died at his Manhattan home, was diagnosed with multiple myeloma in 2015 and cited "unanticipated complications" from the disease for cutting back on work a few years

Richard Parsons, a prominent figure in the corporate world, passed away at the age of 76. He was best known for his leadership roles at Time Warner and Citigroup. Parsons became the CEO of Time Warner in 2002, navigating the company through a tumultuous period including the aftermath of the AOL merger. He was instrumental in stabilizing the company and was recognized for his calm and strategic approach during crises. Later, he served as the interim CEO of Citigroup during the 2008 financial crisis, where he played a key role in restructuring and stabilizing the bank. Parsons was also noted for his efforts in promoting diversity in corporate America, having been one of the few African American executives to lead major corporations. His death marks the end of an era for those who admired his leadership and contributions to business and finance.

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