Richard Parsons, who rescued Time Warner, Citigroup, dies
Financial Express Kochi|December 28, 2024
RICHARD PARSONS, THE executive dubbed "Captain Emergency" for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup and Dime Savings Bank of New York, has died. He was 76.
BLOOMBERG

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 in September 2018 and resigned less than one month later, citing complications from multiple myeloma, a blood cancer.

Parsons was named chief executive officer of AOL Time Warner in 2002 after the $124 billion merger of the dial-up internet provider and the largest entertainment and media company started to fall apart. Just before he took over, following the surprise departure of CEO Gerald Levin, the newly merged entity posted a record loss of $54.2 billion as the value of its stock sank amid the bursting of the dot-com bubble.

Bu hikaye Financial Express Kochi dergisinin December 28, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Financial Express Kochi dergisinin December 28, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FINANCIAL EXPRESS KOCHI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Financial Express Kochi

Top IITs See a Drop in Campus Placements

● More students likely getting jobs independently

time-read
2 dak  |
January 07, 2025
Financial Express Kochi

Top IITs see a drop in campus placements

• More students likely getting jobs independently

time-read
2 dak  |
January 07, 2025
Financial Express Kochi

US set to lift curbs on Indian nuclear entities

EYEING DEEPER ENERGY TIES

time-read
1 min  |
January 07, 2025
Financial Express Kochi

ICC explores two-tier Test cricket system

ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Dam over Brahmaputra not to impact water flows to India

CHINA ON MONDAY reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries -- India and Bangladesh.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Centre eyes private capital for $107-bn grid expansion

INDIA IS ASKING states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

D-Street catches flu

HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Q-comm boost to gig worker hiring in 2025

THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Banks, NBFCs See Hit to...

THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.

time-read
1 min  |
January 07, 2025
Financial Express Kochi

Eight jawans among 9 killed in Naxal attack

IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.

time-read
1 min  |
January 07, 2025