Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76.

Richard D. Parsons, an executive who had a hand in untangling some of the media industry’s knottiest dilemmas, died Thursday in Manhattan. He was 76.

Richard Parsons, the Time Warner CEO from 2002-2007 who later became to interim chairman of CBS, died December 26, 2024 at age 76.

Richard Parsons‘ death has left the business world mourning the loss of a visionary leader. Known for his steady leadership, Parsons played a crucial role in reshaping Time Warner following its troubled merger with AOL.

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.

Richard Parsons, a Black executive lauded for his efforts leading Time Warner and Citigroup, died on Thursday (Dec. 26) at the age of 76. Richard Parsons navigated deals such as splitting one-time Internet giant AOL from Time Warner and other notable moves.

"The right guy in the right place at the right time," he steadied the ship after the ill-fated merger with AOL, then stepped in briefly for Leslie Moonves at CBS Corp.

Richard Parsons, a renowned media executive and businessman who led Time Warner and Citigroup and helped revive other distressed U.S. companies, died Thursday at age 76.

Richard D. Parsons, whose humane approach to business made him a serial troubleshooter at distressed companies including Time Warner, CBS and Citigroup and a sought-after adviser at the highest echelons of American industry,