The new interim chief executive officer of the Los Angeles Clippers was named on Friday http://reut.rs/1qnt6ZV according to Reuters. To sum up the details, Richard Parsons was hired to oversee management of the team. Although Donald Sterling says, "You can't force Americans to sell their property." His estranged wife, Shelly owns 50% of the team and wants to keep her share (and only her share). Parsons has been hired to oversee management of the team while the league prepares the franchise for sale, according to the NBA. Sterling has threatened to sue the NBA if they try to force him to sell. Parsons was a one-time member of President Obama's economic advisory team and is a senior consultant at the investment firm Providence Equity Parnters and is one of a relative few African-Americans to have headed major U.S. corporations including Citigroup and Time Warner.
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