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The Ethics Cloud Over Ballmer's $2 Billion B-Ball Buy

theodp (442580) writes | about 3 months ago

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theodp (442580) writes ""It is hard to imagine any more heinous way of earning money than by benefiting from racism," writes Rick Cohen, who argues that Donald Sterling and the NBA owners are being unjustly enriched by Sterling's racism, which led to the $2 billion sale of the L.A. Clippers to ex-Microsoft CEO Steve Ballmer, a record-high sum for an NBA team. "Indeed, the only losers in the Sterling affair are the players," adds the NY Times. "What held promise as a possible D-Day in the N.B.A., a day when N.B.A. owners stood up to be counted and voted Donald Sterling out of the league, instead turned into a great day for the status quo." Forbes contributor Robert Wood speculates that if he plays his cards right, Sterling's windfall could be tax-free. And should Sterling care to ask for advice, Ballmer is somewhat of a subject matter expert on dodging state income tax on $2 billion!"

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