Richard Parsons, Former Time Warner CEO, Passes Away at 76, Reports NYT

Richard Parsons, known for his influential leadership in major companies such as Time Warner, CBS, and Citigroup, passed away at his home in Manhattan, according to a report by the New York Times on Thursday. He was 76 years old.

Parsons, recognized for his ability to guide companies through turbulent periods, reportedly succumbed to cancer, as stated in the NYT article, which cited his longtime friend Ronald S. Lauder, a board member of Estée Lauder. His career was shaped by a series of high-level roles, where he was often called upon to manage crises and restore stability.

He played a significant role in addressing complex challenges at Time Warner, CBS, and Citigroup, helping to calm stakeholders during difficult times. His expertise in resolving tough situations earned him a reputation as a go-to problem solver in American business.