In 2001, after AOL used its fortunes as the leading provider of Internet access in the U.S. to buy Time Warner for $106 billion in stock, Parsons became co-chief operating officer with AOL executive Robert Pittman. In that role, he was in charge of the company’s content businesses, including movie studios and recorded music.

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

Richard D. Parsons, a long-time banking executive who took the helm of Time Warner during a troubled time for the communications company and who helped Citigroup navigate the financial crisis, died on Thursday at age 76.

Dick Parsons, an American businessman who led Time Warner and helped iconic US companies navigate tough circumstances, has died at 76.

He was one of the preeminent Black executives of his generation, steering media and financial institutions through moments of boardroom and market turbulence.

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,

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