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Ex-Time Warner Chief Will Lead Citigroup

Richard Parsons, an Obama adviser, will be chair of ailing bank

By the Associated Press

Posted Jan 21, 2009 7:57 PM CST

(AP) – Former Time Warner CEO Richard Parsons—an economic adviser on Barack Obama's transition team—will become the new chairman of Citigroup next month. The ailing bank has suffered five straight quarters of losses and received $45 billion in government aid as it struggles to stay... Read full story »

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Ex-Time Warner Chief Will Lead Citigroup

Richard Parsons, an Obama adviser, will be chair of ailing bank

Citigroup • Richard Parsons • CEO • credit crisis • banking industry

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He'll make at least $23.2 million; had been earning $1

NYT to Blankfein: Your 'Apology' Is Bull

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