Word: richard
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...Richard Parsons is the new face of the struggling, bailout-needy Citigroup. The former CEO of Time Warner Inc. (TIME's parent company) became Citi's Chairman just days after the company announced an $8.3 billion fourth-quarter loss - its fifth quarterly loss in a row - and revealed that it would separate its retail banking business from the risky assets dragging it down. Citi may be taking on water faster than it can dump it out, but Parsons is no stranger to financial struggle. When he took over AOL Time Warner in 2003, the media conglomerate was $27 billion...
...Richard Dean Parsons was born April 4, 1948 in Brooklyn to Lorenzo Locklair Parsons and the former Isabelle Judd; he was one of five children. Parsons was raised in South Ozone Park, Queens, where he watched Fourth of July fireworks provided by the Gotti crime family and once nearly blew up a friend's house trying to make rocket fuel on the stove. His mother still lives in Queens, and he regularly escorts her to lunch...
...Parsons, a moderate Republican who campaigned for former New York Mayor Rudy Giuliani in 1989 (and worked alongside him at his law firm), has served every Republican president since Richard M. Nixon in some way: under George W. Bush, he was a member of the presidential task force that studied the possibility of making major changes to Social Security. In 2008 he joined the Obama transition team's Economic Advisory Board before being named Citigroup chairman...
Rahm, the middle child, studied ballet before serving a stint as a volunteer at an Israeli supply base (though a myth has grown that he actually served in the Israeli army). After that, he went into political fundraising--first for Chicago Mayor Richard M. Daley and then for a little-known Arkansas Governor named Bill Clinton, who chose him to be White House political director after Clinton was elected in 1992. It was the first of a series of jobs Emanuel would hold in the Clinton White House before leaving in 1999 for the investment firm Wasserstein, Perella & Co., where...
...first Medicare card for his support of the legislation, also succeeded in getting a bill passed in 1958 that provided former presidents with a pension, staff, and office space. Prior to that, ex-presidents received no such retirement benefits (Truman was fairly broke when he left office). And finally, Richard Nixon mediated a baseball umpire's strike in 1985. We don't know what to make of that either...