Richard D. Parsons, whose humane approach to business made him a serial troubleshooter at distressed companies including Time Warner, CBS and Citigroup and a sought-after adviser at the highest echelons of American industry,

Parsons was named chief executive officer of AOL Time Warner in 2002 after the $124-billion merger of the dial-up internet provider and the largest entertainment and media company started to fall apart.

Richard Parsons‘ death has left the business world mourning the loss of a visionary leader. Known for his steady leadership, Parsons played a crucial role in reshaping Time Warner following its troubled merger with AOL.