Richard Parsons, prominent executive who held top posts at Time Warner and Citigroup, dies at age 76

Richard Parsons, one of corporate America's most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday, the financial services company Lazard, where Parsons was a longtime board member, announced. He was 76.

"Dick was the leader to whom other leaders turned for advice and a steady, sure set of hands during their most consequential moments," Lazard said in a statement.

Parsons, who died at his Manhattan home, was diagnosed with multiple myeloma in 2015 and cited "unanticipated complications" from the disease for cutting back on work a few years later.