Richard D. Parsons

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Richard D. Parsons
Howard D. Parsons.jpg
Occupation Chairman Senior Advisor
Employer Citigroup

Richard D. Parsons is chairman of Citigroup Inc.[1]

He is also a senior advisor for Providence Equity Partners.[2]

Parsons is currently a director of Estee Lauder Companies, chairman of the Apollo Theatre Foundation and serves on the boards of Howard University, the Museum of Modern Art and the American Museum of Natural History.

Background

Parsons succeeded Winfried F. W. Bischoff in the Citigroup chairmanship position.[3]

He was also a former chairman of Time Warner and a former chairman and CEO of Dime Bancorp, Inc.

He has held various positions in state and federal government, including first assistant counsel to Governor Nelson A. Rockefeller, and general counsel and associate director of the White House Domestic Counsel under President Gerald R. Ford. In 1998, he received a congressional appointment to serve on the Advisory Commission on Electronic Commerce. In May 2001, he was appointed by President George W. Bush as co-chairman of the president's commission to strengthen Social Security[4]

Education

Parsons received a Juris Doctor from Union University's Albany Law School and his undergraduate education from the University of Hawaii.

Recent News

In September of 2010, Norway’s central bank sued Citigroup Inc. along with chief executive officer Vikram Pandit and Parsons over $835 million in losses in Citigroup stock and bonds. Citigroup misrepresented its financial condition and failed to disclose material information, leading Norges Bank to buy Citigroup stock and bonds at inflated prices between January 2007 and January 2009, the central bank said in the Sept. 17 lawsuit filed in U.S. District Court in Manhattan.[5]

References

  1. Parsons Is Named Chairman of Citigroup. NY Times.
  2. Richard D. Parsons. Providence Equity.
  3. Parsons Named Citigroup Chairman. The New York Times.
  4. Richard D. Parsons, Esq.. Howard University.
  5. Citigroup Sued by Norway’s Central Bank Over Losses. Bloomberg.