You will be redirected back to your article in seconds

Ex-Time Warner CEO Richard Parsons to Oversee Los Angeles Clippers

Former Time Warner CEO Richard Parsons will be appointed interim CEO of the Los Angeles Clippers, according to the NBA.

Parsons left Time Warner at the end of 2007 and subsequently became chairman of Citigroup. In the wake of Clippers owner Donald Sterling’s racist comments leaked to the website TMZ, the league also forced president Andy Roeser to take a leave of absence, leaving a void in management at the franchise.

Indications are that Sterling intends to fight to maintain control of the team, which he has owned for more than 30 years, but in the interim the league needs someone to oversee its operations. The situation is further clouded by the status of Sterling’s wife, Shelly, who has stated that she wants to retain ownership despite the actions taken against her husband.

The Clippers are currently in the second round of the NBA Playoffs and will face Oklahoma City tonight in Los Angeles.

In addition to his business experience, Parsons is also politically connected, having served on President Obama’s economic advisory transition team.

 

 

More Biz

  • Hulu Live TV Package

    APOS: Asian Video Market Set for Strong Growth (Study)

    Former Time Warner CEO Richard Parsons will be appointed interim CEO of the Los Angeles Clippers, according to the NBA. Parsons left Time Warner at the end of 2007 and subsequently became chairman of Citigroup. In the wake of Clippers owner Donald Sterling’s racist comments leaked to the website TMZ, the league also forced president […]

  • netflix debt

    Netflix Raises $1.9 Billion in Debt Financing, Its Biggest Round Ever

    Former Time Warner CEO Richard Parsons will be appointed interim CEO of the Los Angeles Clippers, according to the NBA. Parsons left Time Warner at the end of 2007 and subsequently became chairman of Citigroup. In the wake of Clippers owner Donald Sterling’s racist comments leaked to the website TMZ, the league also forced president […]

  • Kris Wu, Chinese Superstar Singer-Actor, Signs

    Kris Wu, Chinese Superstar Singer-Actor, Signs With Universal Music Group

    Former Time Warner CEO Richard Parsons will be appointed interim CEO of the Los Angeles Clippers, according to the NBA. Parsons left Time Warner at the end of 2007 and subsequently became chairman of Citigroup. In the wake of Clippers owner Donald Sterling’s racist comments leaked to the website TMZ, the league also forced president […]

  • solo a star wars story

    'Sabacc' Trademark Holder Sues Lucasfilm and Denny's

    Former Time Warner CEO Richard Parsons will be appointed interim CEO of the Los Angeles Clippers, according to the NBA. Parsons left Time Warner at the end of 2007 and subsequently became chairman of Citigroup. In the wake of Clippers owner Donald Sterling’s racist comments leaked to the website TMZ, the league also forced president […]

  • Set TVNow

    Studios Take Aim at Another Pirate Streaming Device

    Former Time Warner CEO Richard Parsons will be appointed interim CEO of the Los Angeles Clippers, according to the NBA. Parsons left Time Warner at the end of 2007 and subsequently became chairman of Citigroup. In the wake of Clippers owner Donald Sterling’s racist comments leaked to the website TMZ, the league also forced president […]

  • David Chang Partners With Bill Simmons

    David Chang Partners With Bill Simmons for Ringer Podcast

    Former Time Warner CEO Richard Parsons will be appointed interim CEO of the Los Angeles Clippers, according to the NBA. Parsons left Time Warner at the end of 2007 and subsequently became chairman of Citigroup. In the wake of Clippers owner Donald Sterling’s racist comments leaked to the website TMZ, the league also forced president […]

More From Our Brands

Access exclusive content