Richard Parsons, prominent Black executive who led Time Warner and Citigroup, dies at 76 - Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup,

Richard D. Parsons, an executive who had a hand in untangling some of the media industry’s knottiest dilemmas, died Thursday in Manhattan. He was 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.

Prominent businessman known for steering major companies through times of crisis died of cancer

Richard Parsons helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history. He was also chairman of Citigroup, helping to stabilize the banking giant in the wake of the financial crisis,

Richard D. Parsons, a longtime 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.

Mr. Parsons’s lengthy résumé is a catalog of corporate emergencies at Time Warner, Citigroup and the Los Angeles Clippers.