The media company also said Bruce Gordon and William Cohen, who have served on its board since CBS became a standalone public company in 2006, have decided to step down from their posts to focus on other personal and professional priorities. "Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience," Candace...
His departure as chairman, CEO and president was confirmed by the company in a statement coinciding with its announcement of a deal to end litigation against majority CBS shareholder Shari Redstone and National Amusements Inc for control of CBS. The settlements end years of uncertainty over the future of CBS and could potentially open the door to future...
May 4- Shari Redstone, the media heiress whose family controls CBS Corp and Viacom Inc, has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company's board, people familiar with the matter said on Friday. Redstone has been trying to put together a deal that will keep...
May 4- Shari Redstone, the media heiress whose family controls CBS Corp and Viacom Inc, has offered CBS CEO Leslie Moonves to drop her demands for Viacom CEO Bob Bakish to be his No. 2 following a merger, as long as Bakish sits on the combined company's board, people familiar with the matter told Reuters on Friday. Redstone has been trying to put together a deal that will...
The arrest of Prince Alwaleed bin Talal, the country’s most prominent investor, has caused unease among Western businessmen wary of the lack of transparency.
For Andy Putch, drones aren't just fun. They're vehicles that he believes will radically upend and redefine the way American companies do business.
Bubbles could be forming in financial markets in today's zero interest rate environment, Richard Parsons tells CNBC.
In Thursday's The Good, The Bad and The Ugly: Richard Parsons—former Time Warner CEO and interim LA Clippers CEO—runs the gamut from minimum wage to European economies to scandals in sports
Former Citigroup Chairman Richard Parsons, says politicians from both sides of the aisle need to sit down and figure out the issues because the world is moving and the U.S. is not keeping up.
Pro sports leagues need to realize that "the line has moved" on what society deems as appropriate, says Richard Parsons, interim CEO of the LA Clippers.
Providence Equity Partners' Richard Parson shares his thoughts on the U.S. and global economy. Europe's economy is still a big question mark, says Parsons.
Richard Parsons, former Time Warner chairman & CEO, discusses Comcast's frustration with high-profile opponents of its proposed union with Time Warner Cable. This is a tough merger, says Parsons.
Former Citigroup and Los Angeles Clippers interim CEO & chairman Richard Parsons, shares his thoughts on the benefits of increasing the minimum wage.
Former Citigroup and Los Angeles Clippers interim CEO & chairman Richard Parsons, shares his thoughts on Steve Ballmer's ownership of the LA Clippers, and Donald Sterling.
The former Microsoft chief says that his record price for the Los Angeles Clippers was a smart investment.
The Apollo appears to be in a good position to reclaim its place in pop culture, entertaining over 100,000 people a year with a $13 million budget.
In a wide-ranging interview, Dick Parsons, former Time Warner chairman & CEO, shares his perspective on the banking industry and regulations; splitting the roles of chairman and CEO, and Tribune's separation.
*Lazard will meet 25 percent margin target by 2014- CEO. Oct 25- Lazard Ltd plans to cut $125 million in costs each year, mainly through staff reductions, the investment bank said on Thursday, as it works to meet an aggressive profit goal in a weak market for its financial advisory services.
In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank. It trails JPMorgan Chase, with $2.3 trillion, and Bank of America, with $2.1 trillion.
Vikram Pandit, who steered Citigroup through the 2008 financial crisis and the choppy years that followed, abruptly left the bank on Tuesday, stepping down as CEO and as a director. The move shocked Wall Street, and Citigroup offered no explanation.