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Backtalk with Antonio “L.A. Reid

Backtalk with Antonio “L.A. Reid

Antonio “L.A.” Reid has stayed professionally in tune since the 1980s, when he was part of R&B group The Deele and then co-founded LaFace Records

Parsons to Head Citigroup Board

Citigroup Inc. said yesterday that board member Richard D. Parsons will be taking over as chairman effective Feb. 23. Parsons succeeds Sir Win Bischoff, who became chairman in December 2007 after the company fired CEO and Chairman Charles Prince.

5 Ways to Reduce Debt

In 2002, Kristen Tate decided that debt free was the way to be. With a debt load of $28,000 that included student loans, credit cards, and a car note, Tate, who earned $65,000 as an account manager for a global public relations firm, began to pay triple the minimum payment of $200 each month. Tate eventually withdrew money from her savings account and paid off the balance—by 2008, she was completely debt free. Now a self-employed communications consultant, the 29-year-old says she met her goals by drawing on the values she was raised with. “My parents and grandparents stressed the importance of being financially responsible. Rather than buying everything I wanted, I lived frugally and paid down my debt. I wanted the peace of mind of knowing I didn’t owe anyone.” —

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