Richard Parsons, a prominent Black executive in corporate America, passed away at the age of 76 at his Manhattan home. He had been battling multiple myeloma since 2015, and his death was confirmed by the financial services company Lazard, where he was a longtime board member.
Parsons, known for his leadership roles at Time Warner and Citigroup, was praised for his business acumen and ability to navigate companies through challenging times. He played a key role in restoring Citigroup to profitability after the global financial crisis and in revitalizing Time Warner following its acquisition by AOL.
