Source: Adi Joseph / USA Today
The NBA went business class in picking the Los Angeles Clippers’ interim CEO.
Former Citigroup and Time Warner chairman Dick Parsons was selected to run the Clippers in the aftermath of the lifetime ban of Donald Sterling, NBA Commissioner Adam Silver announced Friday. The NBA took control of the Clippers in order to place Parsons in charge as the league proceeds with its plan to force Sterling to sell the team.
“Like most Americans, I have been deeply troubled by the pain the Clippers’ team, fans and partners have endured,” Parsons said in a news release. “A lifelong fan of the NBA, I am firmly committed to the values and principles it is defending, and I completely support Adam’s leadership in navigating the challenges facing the team and the league. The Clippers are a resilient organization with a brilliant coach and equally talented and dedicated athletes and staff who have demonstrated great strength of character during a time of adversity.”
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Parsons played basketball at the University of Hawaii in the late 1960s. He stepped from Albany Law School into a successful career in law and later corporate management. He has been CEO of Dime Bancorp in addition to his run as president and then CEO of Time Warner from 1995 through 2007. He was Citigroup chairman from 2009 into 2012.
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