Summary:

Richard Parsons, a highly influential figure in NYC's business and philanthropic community, passed away at 76.
He was known for his remarkable ability to lead major corporations through difficult periods, including his time as CEO of Time Warner and chairman of Citigroup.
Parsons' significant contributions extended to philanthropy, with key roles in organizations like the Jazz Foundation of America and the Apollo Theater Foundation.
His public service included participation in transition teams for prominent political figures, demonstrating his commitment to civic engagement.
Parsons' legacy is one of impactful leadership, both in the business world and in the pursuit of social good.

NYC Mourns the Passing of Richard Parsons

Richard Parsons, a prominent figure in New York City's business and philanthropic circles, passed away at the age of 76. Parsons was known as one of the city's "wise men," a testament to his impactful career and leadership.

A Remarkable Career

Parsons' career spanned decades, marked by his ability to guide major corporations through challenging times. He served as CEO of Time Warner and chairman of Citigroup, demonstrating his expertise in navigating complex business landscapes. His leadership also extended to stabilizing CBS following the departure of Les Moonves and aiding the Los Angeles Clippers in overcoming a significant crisis.

Philanthropic Endeavors

Beyond his corporate achievements, Parsons dedicated himself to philanthropy. He held key positions at organizations such as the Jazz Foundation of America, the Apollo Theater Foundation, and the Smithsonian National Museum of African American History and Culture. He was also involved in initiatives to promote equitable access to education in NYC's elite public high schools.

Public Service and Legacy

Parsons' commitment to public service is evident in his involvement with the transition teams for Mayors Rudy Giuliani and Mike Bloomberg, and President Barack Obama. His contributions to the city and nation are widely acknowledged, solidifying his legacy as a leader dedicated to both business success and social progress.

His friend Ronald Lauder aptly described him as "an American original, a colossus bestriding the worlds of business, media, culture, philanthropy, and beyond."