Richard Parsons
Richard Parsons
Richard Dean "Dick" Parsons, an American business executive, is the former chairman of Citigroup and the former chairman and CEO of Time Warner. He stepped down as CEO of Time Warner on December 31, 2007. He is currently the interim CEO of the Los Angeles Clippers NBA franchise...
NationalityAmerican
ProfessionBusiness Executive
Date of Birth4 April 1948
CountryUnited States of America
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We feel all the more confident in pursuing a more aggressive path to create value at AOL through both its subscription and advertising business initiatives.
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I am highly gratified that the board shares my determination to maximize AOL Time Warner's tremendous potential, ... As we address the challenges facing our company and the industries in which we operate, I will work together with the extraordinary people in this company to focus on increasing value for our customers and our shareholders.
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Ted's leadership role in the formation of global media in general and AOL Time Warner in particular is uniquely significant, ... His values of journalistic independence and public service are a permanent part of who we are and what we do.
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In my view, the real source of undervaluation is neither of these things, ... The real driver of enhanced value, I think, is going to be AOL in the short term and the long term.
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I do think that when clouds roll in, it takes a while for them to roll out of the sky even though a lot of good work has been done underneath, ... We're optimistic that, given time and the right type of exposure, the Street will begin to see real value there.
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I was a middle child. I grew up in Brooklyn with three sisters and a brother. You know what that means: everybody is constantly fighting with everybody and you are in the middle of the storm trying to make peace. That is your life. Making everybody work and play well together.
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It is possible the SEC ... the two streams will cross, ... We haven't gotten to that bridge yet, let alone figured out how to cross it. We, like everyone else, have to think of alternative ways to get home if one road is blocked.
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Jeff is smart, there's no question in anybody's mind. Everyone knows this man is the future for our company.
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We are the only media company with a major stake in the Internet
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Overall, I'm pleased with the results from most of our businesses,
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My biggest dream for this company is to restore it - to bring Time Warner back to the position that I think it once had and, even better than that, to make it the greatest company in the media and entertainment world.
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While I'm pleased with the first six months of 2003, I think it's fair to say we still have a lot of hard work in front of us,
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We're trying to actually accelerate the transition of our narrowband customers who are inclined to leave for broadband anyway. Keeping them in our house and in our network and in our universe from an advertising perspective makes sense.
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While no one can stand here and say we're never going to make a mistake, we're not going to make a mistake out of aggressiveness,