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 have devoted a significant amount of time and resources to our review and, based on the substantial work we have done to date, do not expect any further restatements from it,
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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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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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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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While there are still challenges ahead, the steps we announced today will help to remove a cloud that has been hanging over the company for some time now,
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Time Warner had another strong quarter on an operating basis against some tough comparisons, ... I continue to be very enthusiastic about the performance of our businesses.
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This is a very exciting time for our company and the year is off to a great start,
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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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The Chinese are doing everything they can to manage the message. They are opening up in their own time and at their own speed.
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We're very comfortable where we are in debt reduction program, ... I have every confidence we've got more than one way to get there. We have a number of alternatives, we're exploring them all.
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The road back may not be as short as we wish, ... But there are solid reasons to feel confident about the future.
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sort of hit the pause button on that.
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Ted is my man. I love Ted, ... He knows more, particularly about the television space, which is at least a good third of this company. Ted and I have always had a wonderful relationship, and I am going to be reaching out to him, too.
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As I said to the investors today, 'Don't judge us by what we said, judge us by what we do,' ... It's going to take us a little while to do some things. But if quarter by quarter we show movement and progress against this plan, I think the investors will then sort of say, 'Well, you know, they've got something there.'