Former Time Warner Chief Named Interim CEO Of Los Angeles Clippers

The National Basketball Association named former Time Warner Chairman Richard Parsons on Friday as interim CEO of the Los Angeles Clippers to oversee management of the team while the league prepares the franchise for sale, the NBA said. Clippers’ owner, Donald Sterling, was banned from pro basketball over racist comments. Parsons joined Time Warner in 1995 as president of the media conglomerate and was chairman and CEO there from 2002 until 2008. He later served as chairman of Citigroup until stepping down from that post in 2012.