Dick Parsons, the former
Parsons will try to bring stability and leadership to an organization reeling from the lifetime ban of its owner,
In tapping Parsons, 66, the NBA gets a savvy and well-connected executive who is no stranger to the inner circles of media, finance and politics. Known for both his diplomatic skills and business sense, the NBA is betting Parsons can guide the franchise through what will probably be a rocky path to new leadership.
A quintessential New Yorker, Parsons has a long resume beyond Time Warner including a recent stint as chairman of
This is not the first time Parsons will be charged with cleaning up someone else's mess. He succeeded Gerald Levin as chief executive of Time Warner a few years after the media giant's disastrous merger with
While Parsons was on board with the deal, melding the two distinct cultures of old and new media proved too much for Levin and AOL Founder Steve Case, and the stock as well as morale at the company sank.
Parsons joined Time Warner as president in 1995 and took over as chief executive in 2002. When he succeeded Levin he gradually began to exorcise the AOL presence from the company. His firm hand was seen as key to reviving the stature of Time Warner and creating a more disciplined company. He also moved to reduce the infighting that was common between the AOL and Time Warner camps.
He also set in motion the rise of Jeff Bewkes, the former HBO chief who succeeded him at the top of Time Warner in 2008.