CEO Richard Parsons

The rumors are over, Richard Parsons, the former chairman of Time Warner, will be Citigroup’s Chairman effective February 24. According to The New York Times Bischoff said, he would not stand for re-election and would retire later this year. The Times went on to say, Regulators have pressed the struggling financial giant to shake up its board and replace Mr. Bischoff in an effort to regain investors’ trust. Staggered by losses, Citigroup has sought two financial lifelines from Washington. The issue gained new urgency last week, when Citigroup announced a drastic plan to split itself in two, effectively undoing the landmark merger that formed ... Read Full Story

Sometimes, keywords and images don’t line up. And that was the problem just recently for Time Warner CEO Richard Parsons and an image of two Rhesus monkeys. What a mess . Source: As credited, Image: BBC Read Full Story

It's official, Time Warner TWX (NYSE) announced that its Board of Directors has elected Jeffrey L. Bewkes as Chief Executive Officer of Time Warner Inc., effective January 1, 2008. Bewkes currently President and Chief Operating Officer will retain the title of President. Bewkes will succeed Richard D. Parsons as CEO, and Mr. Parsons will remain as Chairman of the Board. There may be real changes ahead for Time Warner. Stay tuned For more: Time Warner Release LA Times Times Online UK Marketwatch The Register CNBC Read Full Story

Media companies have started sending a message that they view Google as the enemy. Time Warner CEO Richard Parsons described Google and its ilk as Custer in his last stand. “The Googles of the world, they are the Custer of the modern world. We are the Sioux nation,” Time Warner Inc. Chief Executive Richard Parsons [...] Read Full Story

Time Warner Inc. could spin off a stake in online division AOL or merge it with another Internet company as early as this year, a move that would boost the value of the world’s largest media company, a UBS …Comment Original post by Hollywood Reporter Read Full Story