[2][8] Bloomberg News, in an article titled "The Willy Wonka of Wall Street," has reported that he has founded Parré Chocolat, a luxury chocolate business with ethical trading practices and a transparent supply chain, with his wife, Katherine Parr.
[9] Parr is said to enjoy architectural renovation projects, and owns historic properties in Tuxedo Park, NY and Palm Beach, Florida, as well as a home in New York City.
Among other activities, the Parr Center sponsors visiting scholars, talks by prominent philosophers, and intercollegiate debates on ethical issues.
[11][7][12] In October 2014, the Wainstein Report revealed that the Director of the Parr Center for Ethics, Jan Boxill, "... was responsible for funneling student-athletes into bogus paper classes and negotiating the grade they would need to stay eligible" in an academic fraud at UNC that persisted from 1997 until 2011.
[4][14][15][12][7][6] He also served on the board of the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.