Richard Parsons

Parsons got married to Laura Ann Bush in 1968. The couple has three children; two sons named Gregory and Leslie, and a daughter named Rebecca.

Parsons had an affair with African model Macdella Cooper and they had a child in 2009.

Richard Dean Parsons was born to Lorenzo Locklair Parsons and Isabelle Parsons on April 4, 1948 in Brooklyn, New York. His father worked in New York as an electrician while her mother was a house wife. The coupled had five children.

Parsons was known to be a very bright student and in fact he was allowed to skip grades in high school as well as in elementary school. He went on to study at the University of Hawaii and earned his Bachelor’s degree in 1968 at the age of 20.

Richard Parsons joined the Albany Law School at Union University and became a lawyer in the year 1971. In fact, he got the highest marks in his class and followed that up by standing first in the New York bar exam as well.

Instead of joining a law firm or starting his own practice, Parsons instead joined the legal team of the then New York governor Nelson Rockefeller in 1971 and continued to work for the latter’s office till Rockefeller was appointed the vice president three years later.

In 1974, Parsons moved to Washington DC and worked with the then President of the United States of America Gerald Ford. During his tenure at the White House he made plenty of connections that would serve him well later on in life.

It was in 1977 that Richard Parsons finally made a foray into a serious legal career when he joined the law firm Patterson, Belknap, Webb and Tyler based in New York. He went on to become one of the managing partners at the firm by the time he left after eleven years.

In 1988, Richard Parsons was appointed as the Chief Operating Officer at the Saving Bank of New York; who also happened to be his clients during his days as a partner at the law firm Patterson, Belknap, Webb and Tyler.

The Savings Bank of New York wasn’t in great financial health when Parsons became its Chief Operating Officer; however once he became the CEO in 1991, he changed the fortunes of the bank and made it a profitable one. Four years later, the bank was merged with Anchor Savings Bank and was named Dime Bancorp.

There is absolutely no doubt that Richard Parsons has done some staggering work throughout his corporate career including such mind numbing deals like the AOL-Time Warner merger that was valued at $165 billion but his most important work was that of steadying a huge bank like Citi after the bank had lost billions of dollars during the subprime mortgage crisis.