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NBA Expected to Name Former Citi, Time Warner Head Parsons as Clipper CEO

May 9 2014, 2:06pm CDT | by

When the NBA says it will name a CEO of the Clippers, it means a CEO. With the announcement expected at tonight’s game against Oklahoma City, TNT’s David Aldridge says it will be former Citicorp...

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23 weeks ago

NBA Expected to Name Former Citi, Time Warner Head Parsons as Clipper CEO

May 9 2014, 2:06pm CDT | by

When the NBA says it will name a CEO of the Clippers, it means a CEO. With the announcement expected at tonight’s game against Oklahoma City, TNT’s David Aldridge says it will be former Citicorp chair and Time Warner head Richard Parsons.

The plan is for Parsons to run the team until owner Donald T. Sterling sells it. However, Sterling’s plan is to keep it, or transfer ownership to his wife, Shelly.

Parsons will oversee all departments but is expected to let Coach Doc Rivers, who now runs the entire basketball operation, continue in that role.

The appointment can’t be a surprise to Rivers. When NBA officials informed team employees that a new CEO would be hired last week, they said Doc would be on the search committee.

Silver said that he would ask NBA owners to force Sterling to sell his team when he announced his lifetime ban. However, the league has yet to present Sterling with its complaint or hear his side of the story. League officials say that may take another two weeks.

In the meantime, Sterling’s side keeps leaking—in more tapes recorded by another close friend, according to Radaronline.com.

“So they should take away for life your team [if] you say the wrong thing to a girl?” the voice identified as Sterling’s asks. “… I know what I said was wrong. But I never thought the private conversation would go anywhere, out to the public.”

On the Radar tape, Sterling says he said the thing to V. Stiviano—which she taped and TMZ broadcast—because he wanted to have sex with her (“… you might say anything. You might say you have the biggestpenis in the world! I would have said I could fly over a high rise building if I had to!”)

However, TMZ said its tape was recorded on April 9, 33 days after Sterling’s wife, Shelly, filed suit against her–”on behalf of the Sterling family,” according to a Clipper statement—trying to recover a $1.8 million duplex and five luxury automobiles.

 
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7 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

7 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" hits home ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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