AOL-TimeWarner after the company lost more than half its value due to what is still known as the worst merger ever. He nursed the company back to life, cutting costs wherever he could and dropping the AOL name. After that he went on to serve as Chairman of another troubled company, Citi Group. Now he has been tapped to rescue the L.A Clippers and nurse the franchise back from controversy as the NBA seeks to force a sale of the team.
The NBA said he will oversee the team’s business operations while it seeks to force racist owner Donald Sterling to sell the team. The league has barred Sterling from having anything to do with the team. Team president Andy Roeser last week said he would be taking an indefinite leave of absence from the team.
“I believe the hiring of Dick Parsons will bring extraordinary leadership and immediate stability to the Clippers organization,” Silver said. “Dick’s credentials as a proven chief executive speak for themselves and I am extremely grateful he accepted this responsibility.”source››nyp
