{"id":13722,"date":"2024-12-27T00:20:32","date_gmt":"2024-12-27T00:20:32","guid":{"rendered":"https:\/\/infundpros.com\/?p=13722"},"modified":"2024-12-27T00:20:32","modified_gmt":"2024-12-27T00:20:32","slug":"former-citigroup-chair-richard-parsons-dies","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=13722","title":{"rendered":"Former Citigroup chair Richard Parsons dies"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=4e889cb3-2b0b-4c44-bcfe-f265a26e722c\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Richard \u201cDick\u201d Parsons, an influential US corporate executive who chaired Citigroup through the fallout from the 2008 financial crisis, has died.<\/p>\n<p>Parsons died on Thursday according to an announcement from investment bank Lazard, where he had been a board member. The New York Times reported the cause of death was bone cancer, citing Ronald Lauder, the Est\u00e9e Lauder heir. Parsons was 76.<\/p>\n<p>Parsons took over as chair of Citi in February 2009 as the bank was reeling from the 2008 financial crisis. He joined the bank shortly after its $300bn bailout from the federal government. Parsons told the Financial Times in 2009 that his background and business connections would be an asset at Citi.<\/p>\n<p>\u201cThe influence and the involvement of the taxpayer and regulators over this company is significant,\u201d he said at the time. Parsons stepped down from Citi in 2012.<\/p>\n<p>He previously jumped into a firefight in 2002 when he took over Time Warner after its disastrous merger with AOL. At Time Warner, Parsons sparred with activist investor Carl Icahn who fought for control of the media giant in 2006.<\/p>\n<p>Parsons supported Barack Obama\u2019s run for the White House. He also served on the boards of the Apollo Theater in New York and the National Museum of African American History and Culture in Washington.<\/p>\n<p><em>This is a developing story<\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/4e889cb3-2b0b-4c44-bcfe-f265a26e722c\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Richard \u201cDick\u201d&#8230;<\/p>\n","protected":false},"author":1,"featured_media":13723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-13722","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Former Citigroup chair Richard Parsons dies | inFundPros<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Richard \u201cDick\u201d Parsons, an\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=13722\" \/>\n<meta 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