Richard Parsons May Be Considered For Commerce Secretary
News comes after former New Mexico Governor Bill Richardson withdrew his nomination for the post
By John Eggerton -- Broadcasting & Cable, 1/6/2009 1:20:00 PM
CNN was reporting late Tuesday that Richard Parsons, former chairman of CNN parent Time Warner, may be in line for Commerce Secretary in the Obama administration.
That comes after former New Mexico Governor Bill Richardson withdrew his nomination for that post Sunday (Jan. 4) due to an ongoing investigation into campaign contributors and state contracts.
The Parsons nomination, while a surprise, would not exactly be out of the blue. He is one of a dozen members of the
That news came not long after CNN confirmed that its chief medical correspondent,
Sanjay Gupta, was being considered for Surgeon General.
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Oh, puh-leeze!!! Parsons rode Time Warner, both the company and the stock price, into the ground and THIS is the man Obama thinks can get commerce going again? I guess those Columbia and Harvard degrees aren't all they're cracked up to be.
Chrs Caratzas - 1/7/2009 6:25:00 PM EST -
Why? His carrying water behind-the-scenes for Gerry Levin in the
AOL/Time Warner merger? His crackerjack work on dismantling the
legendary Time Warner assets? His role in jettisoning Ted Turner from
the company? His firings and layoffs of loyal staffers who worked for
decades at the company? The stock price stuck between 10 and 20
points for all five years of his reign? His brusque command to "get over
it" when employees balked that their stock options were worthless (of
course, not to Parsons who had earlier sold off and scored $44 million
in options while telling employees how the company was doing great
and poised for a grand return)? He did, however, approve paying
Caroline Kennedy's husband a million bucks for a piece of lobby
sculpture junk at the same time that hundreds of TWX employees were
laid off.
bpittman - 1/7/2009 12:38:00 PM EST
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