richard parsons

Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by the AP using data from Equilar, an executive pay research firm.

Citigroup Inc. (C) will pay five of its top executives almost $33 million in stock compensation this year and plans to increase its CEO's salary above his $1 a year figure in 2011, marking the financial institution's effort to reward executives for turning a profit so far this year after two years of losses.

In theory, the role of the director of the White House National Economic Council is to present the president with an unbiased range of economic opinions. Larry Summers didn't do that -- he promoted his own views instead. But what will his successor do -- and will it make any difference?

Ben Stein is a droll little fellow, and apparently not without a sense of irony. In the new issue of Fortune, the former Nixon speechwriter and game show host asks, "Does Dick Parsons Have a Conflict of Interest?" Stein's answer: Yes. Parsons, the former chairman of Time Warner (TWX) (which, as...

Citigroup's Chairman Richard Parsons told the board that he will split his time between Citigroup (C) and Providence Equity Partners, a private equity firm. Is this the right time to be changing his focus just as Citi tries to climb out of its deep hole? Citi is not ready for prime time if it's...

Citigroup Inc. (C) reminds me of Madonna. Both the beleaguered bank and the pop star saw their best years in the 1980s and have evolved into parodies of themselves. Citigroup tried to create a financial supermarket while Madonna writes Kaballah-themed children's books. Using Madonna's career as a...