Former City chairman Richard Parsons has passed away

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In the year Richard “Dick” Parsons, the influential American corporate executive who led Citigroup through the 2008 financial crisis, has died.

Parsons died on Thursday advertisement From the investment bank Lazard, where he was a member of the board. The New York Times cited Ronald Lauder, Estee Lauder’s heir, as the cause of death as bone cancer. Parsons was 76.

In the year In February 2009, Parsons was appointed chairman of Citi as the bank was reeling from the 2008 financial crisis. He joined the bank after receiving $300 billion from the federal government. Parsons He told the Financial Times. In the year In 2009, his background and business connections will be an asset in CT.

“The influence and involvement of the taxpayer and regulators on this company is high,” he said at the time. Parsons left City in 2012.

Previously in the year After joining Time Warner with AOL in 2002, he jumped into the firefight. At Time Warner, Parsons In 2006, he clashed with activist investor Carl Icahn, who fought for control of the media giant.

Parsons supported Barack Obama’s run for the White House. He served on the board of the Apollo Theater in New York and the National Museum of African American History and Culture in Washington.

This is a growing story.