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  "documentTitle": "Time Warner Inc. (TWX)",
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      "text": "When TWX and AOL merged in January 2001, Mr. Parsons became co-COO with Mr. Pittman. In the spring of 2001, he exercised 700,000 TWX options at $11.87 per share and sold 700,000 shares of TWX stock at a weighted average price of $50.38.",
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      "text": "It was also the Rockefeller network that brought Mr. Parsons to TWX, in particular to Andrew Heiskell, who introduced Mr. Parsons to Nick Nicholas. Mr. Parsons joined the Board of TWX in 1991.",
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      "text": "Although TWX did not have a second-in-command, Mr. Parsons was initially given no direct operating reports. In 1999, Mr. Parsons was given oversight of the movie studio and direct leadership of the music group.",
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      "text": "After graduating first in his class from Albany Law School, Mr. Parsons caught the eye of New York governor Nelson Rockefeller. He became Mr. Rockefeller's assistant general counsel in 1971.",
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      "text": "When Mr. Rockefeller left office in 1977, Mr. Parsons was invited by Harold R. Tyler, Jr. to join what became Patterson, Belknap, Webb & Tyler. In 1988, Mr. Parsons was named president of Dime. Two years later, he was named CEO.",
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      "text": "The Board, divided on Mr. Levin's view of the future importance of cable and the Internet and embarrassed by the confluence of bleak events, encouraged Mr. Levin to step down.",
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      "text": "Mr. Parsons was effectively pushed aside. In the spring of 2001, he exercised 700,000 TWX options at $11.87 per share and sold 700,000 shares of TWX stock at a weighted average price of $50.38 per share. — Nina Munk, Fools Rush In 192 (HarperCollins Publishers Inc. 2004).",
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      "text": "CHAPTER 1: THE CONTEXT",
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      "text": "Exhibit 1.7: WHO IS MR. PARSONS?",
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