Categories: CEOs in the News

LA Clippers Sold To Ex-Microsoft CEO Ballmer

The Los Angeles Clippers are officially under new ownership. After months of legal battling, a California court approved the sale of the NBA franchise to former Microsoft CEO Steve Ballmer for $2 billion, which is a record. NPR’s Nathan Rott reports.

Shelly Sterling, the estranged wife of now former Clippers owner Donald Sterling, had been trying to sell the team for weeks. Tuesday morning, a California Superior Court judge confirmed her authority to do so. Steve Ballmer’s lawyer, Adam Streisand, says when he learned the news in the LA courtroom, he immediately emailed the NBA and representatives for Sterling and Ballmer.

Read more: NPR

Chief Executive

Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit www.chiefexecutive.net for more information.

Share
Published by
Chief Executive

Recent Posts

Real Estate As Trade Engine: How John E. Drew Builds For Global Commerce

The founder of The Drew Company and chairman of the World Trade Centers Association details…

1 day ago

Trump Tariffs Struck Down: What CEOs Need To Ask Right Now

The Supreme Court just invalidated most of the president’s tariffs. Before you exhale, perhaps ask…

1 day ago

How An Employee-Owned Manufacturer Stays Agile

For Sentry Equipment CFO Dave Ring, focusing on ‘agility, velocity and employee experience’ keeps the…

2 days ago

What CEOs Can Learn From The Deepest Man On Earth

Herbert Nitsch’s record-breaking dives weren’t feats of bravado—they were exercises in disciplined focus, pre-engineered risk…

3 days ago

The AI Market Is Being Actively Managed—And Valuations Are Responding

Valuation is increasingly a measure of this strategic commitment, not just current revenue.

3 days ago

Renegade Global CEO Amy Jo Martin Explains How Cutting Meetings Can Help You Soar

In this week's Corporate Competitor Podcast, Martin explains why she takes a red pen to…

4 days ago