Richard Parsons, one of corporate America's most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday, the financial services company Lazard, where Parsons was a longtime board member,

Richard Parsons, the executive dubbed “Captain Emergency” for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup Inc. and Dime Savings Bank of New York, has died. He was 76.

Richard D. Parsons, an executive who had a hand in untangling some of the media industry’s knottiest dilemmas, died Thursday in Manhattan. He was 76.