Investing.com -- Richard Parsons (NYSE:PSN), a prominent figure known for his effective leadership at major corporations like Time Warner, CBS, and Citigroup (NYSE:C), passed away at his home in Manhattan, according to the New York Times (NYSE:NYT) on Thursday.
He was 76 years old.
Parsons, recognized for his skill in navigating companies through turbulent times, succumbed to cancer, the NYT reported, citing Parsons' longtime friend Ronald S. Lauder, who is a member of the Estée Lauder board.
Parsons' career was marked by a series of high-profile roles where he was often called upon to manage crises and restore stability.
At Time Warner, CBS, and Citigroup, he was instrumental in addressing complex challenges and calming stakeholders during periods of distress.
His adeptness at resolving difficult situations earned him a reputation as a go-to troubleshooter in the American business landscape.
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