Former CEO of Time Warner and Citigroup, Independent
Search every verified Dick Parsons interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Richard Parsons, former CEO of Time Warner and Citigroup, has been active in discussions about racial inequity in finance and corporate leadership. In March 2023, he participated in a Washington Post Live interview to discuss The Equity Alliance, a fund he co-founded to invest in minority and female-led venture funds. Parsons described the lack of capital flowing to women and minority fund managers as "structural inequality," adding that he does not use the term "racism" because it "suggests there's an intentionality to it." He stated that less than two percent of the $70 to $80 trillion asset management industry goes to minorities or women. In December 2023, Parsons commented on the lack of CEO diversity, noting that there are only six Fortune 500 companies run by black CEOs, which he called a record high. He attributed the slow progress to a lack of familiarity between groups, saying, "It's a struggle because we don't live together and therefore we don't have familiarity with each other." He added that until corporate boards become more diverse, significant change in the CEO role is unlikely, though he expressed hope that the complexion of corporate America is changing, particularly with more women joining boards.
“There are only six Fortune 500 companies run by black CEOs, which is actually a record high.”
“Who sits on the boards are the ones that determine who's going to be CEO.”
“When I was involved in the search for somebody of color, people would actually say 'I don't know anybody' — you're not going to find them at your club or living next door; you have to reach out.”
“It's a struggle because we don't live together and therefore we don't have familiarity with each other, and until the complexion of corporate America at the board level changes more you're not going to see that much change in the CEO job.”
“Women are starting to come on board — women are doing better in this regard.”
“I made this prediction 20 years ago when I was the CEO that there would be many more blacks and women; it's been a slow-moving process.”
“It's just a slow-moving process — it needs to speed up.”
“The asset management business — something like a $70 to $80 trillion business — less than two percent of that investment capital gets into the hands of minorities or women who are overlooked by our structure. I say it's structural inequality; I don't use racism because racism suggests there's an intentionality to it, b...”
“Very little to do with ESG. No bank can really withstand a run — the nature of banking is such that you take in money short, meaning you have to give it back whenever somebody shows up for it, and in today's world that happens in a matter of hours.”
“I don't think he's showing the kind of leadership that we need. He's letting some of these parts of his program be carried by Nancy Pelosi, who is showing some leadership, and not really getting in there and punching it up with the guys and getting done what he said he wanted to get done.”
“The Build Back Better bill will result over time in an increase in the deficit, which I think is a bad thing; on the other hand it shifts more money to people at the bottom and I think it's moving in the right direction.”
“We saved the bank because the bank was marked for extinction — at one point we got ranked a five under the federal regulatory system and everybody knew we were gone, and we got the thing turned around.”
“My job was really to sort of keep the troops jollied up and moving forward and keep the regulators from closing in on the bank while we worked out our problems, which meant they had to have confidence that we were on the right track.”
“We went from 4,400 people to less than 2,000 — half of that was attrition, and with respect to those who had to go we tried to be helpful; for those who stayed they needed to understand why it was necessary and what the future could look like if the plan worked.”
“The business model that underpinned the AOL business got obsoleted by technological progress — the thing AOL did and charged for became free email, so you didn't have to pay $18.95 a month to have an email account.”
Whenever I was involved either in a search or looking for somebody and wanted to find somebody of color, people would actually ...
Richard Parsons, former CEO of Time Warner and Citigroup, helped launch The Equity Alliance to invest in minority and female-led venture funds. On Thursday, March 23 at 4:00 p.m. ET, Parsons joins Jonathan Capehart, associate editor at The Washington Post, to discuss the fund’s goal to “democratize” capital through investing and mentoring. Washington Post Live is the newsroom’s live journalism platform, featuring interviews with top-level government officials, business leaders, cultural influencers and emerging voices on the most pressing issues driving the news cycle nationally and across…
Richard Parsons, senior advisor at Providence Equity Partners and former CEO of Time Warner, joins CNBC's 'Squawk Box' to discuss President Joe Biden's social spending bill. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwid…
This hour-long, one-on-one interview program showcased the life and career of corporate giant, Richard Parsons. Taped live in Washington, D.C. on the campus of The George Washington University at the Jack Morton Auditorium on Saturday, November 15, 2008, this program was the fifteenth in The HistoryMakers’ An Evening With... series. CNN journalist Soledad O’Brien served as the program’s interviewer. Born in New York, Parsons went on to become Chairman and CEO of Time Warner, before assuming the chairmanship of Citigroup. The interview covered Parsons’ childhood, the extensive impact his mento…
#PresidentTrump #GeorgiaSenateraces #CapitolHill In this episode of 'Influencers', Andy speaks with Dick Parsons, former CEO of Time Warner and former Chairman at Citigroup as they cover a wide-range of topics, including the January 6 raid on the U.S. Capitol, his experience becoming one of America's first black CEOs, and the lessons he's learned throughout his long and distinguished career. For 2020 election results please visit: Election results: https://www.yahoo.com/elections Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock q…
https://conference-board.org/multimedia/ceo-forum Richard Parsons, Providence Equity Partners Senior Advisor, joins Paul ...
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Richard "Dick" Parsons is an American business executive. He served as the former chairman of Citigroup and the former ...
Called "a master in the art of the relationship" by Bloomberg Businessweek, Dick Parsons has been lauded for his ability to steer ...
Called "a master in the art of the relationship" by Bloomberg Businessweek, Dick Parsons has been lauded for his ability to steer ...
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