Can Richard Parsons Rescue Citigroup?

Among my favorite interviews for the book was Richard Parsons, then CEO of Time-Warner.  One of the most accomplished men in the country, I also found him to be one of the most down-to-earth and forthcoming.  He not only credited his wife for much of his success, he was able to give very specific examples of what she has done over the years and what she continues to do to give him an edge in his work.

"I'm certain I would not have followed the career track that I ended up following if it hadn't been for my wife...I can expose her to problems and issues and she will ask very sound baseline questins that cause me to think about it in a different light...I very much need Laura's input," said Parsons during our conversation.

So it comes as little surprise that a beleaguered Citigroup recently turned to Parsons to help them overcome some of the challenges they are facing, naming him Chairman of the Board.  I wonder if shareholders have considered what Laura Parsons is likely doing in the background to support her husband that will benefit the company as well.

 

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