RENEE MONTAGNE, host:
And yesterday brought news of another high profile CEO who's leaving the job. Dick Parsons is stepping down after five years as CEO of Time Warner, though he'll remain as chairman. He's one of a handful of African-American top executives in this country, and his departure follows one of the other prominent black leaders, Stanley O'Neal, who lost his job as head of Merrill Lynch last week.
Parsons was tasked with restoring the stature of the world's largest media conglomerate. He helped repair the damage from Time Warner's merger with AOL seven years ago. But the company's stock never really recovered.