Former Citigroup chair Richard Parsons dies at 76

Richard Parsons, former chair of Citigroup, has died at age 76. He led the bank during the aftermath of the 2008 financial crisis and served on the board of Lazard. His death was attributed to bone cancer. Parsons became chair of Citigroup in February 2009, shortly after the bank received a $300 billion government bailout. He stepped down in 2012 after navigating significant challenges. Before Citigroup, Parsons led Time Warner and faced activist investor Carl Icahn. He was also involved in various cultural institutions, including the Apollo Theater and the National Museum of African American History and Culture.