Richard Parsons, Who Rescued Time Warner, Citigroup, Dies at 76

Richard Parsons, the executive dubbed “Captain Emergency” for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup Inc. and Dime Savings Bank of New York, has died. He was 76.

Parsons died on Thursday at his home in Manhattan. The cause of death was bone cancer, the New York Times reported, citing Ronald S. Lauder, a friend. Parsons was named chairman of CBS Corp. in September 2018 and resigned less than one month later, citing complications from multiple myeloma, a blood cancer.

Richard Parsons

Photographer: Andrew Harrer/Bloomberg

Parsons was named chief executive officer of AOL Time Warner in 2002 after ...