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

Posted by samzenpus on from the dirty-money dept.

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.'

28 of 398 comments (clear)

  1. pishaw by Anonymous Coward · · Score: 5, Insightful

    Ethics? Ethics in the corporate world is what gets you the most cash. The corporate assholes live in a scruple-free culture.

    1. Re:pishaw by LWATCDR · · Score: 5, Insightful

      Ethics on Slashdot? No one questions that someone was banned for life and was forced to forfeit his property because of something he said in a private conversation that was recorded and published without his permission.

      If you are not outraged by this then please do not bother ever complaining about privacy.

      Remember racism is not illegal. Discrimination based on race in the workplace is.

      BTW I do not like racism at all but this is just too weird for words.

      --
      See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
    2. Re:pishaw by Anonymous Coward · · Score: 5, Interesting

      If you don't live for yourself then you live for others. Living for others makes you a slave.

    3. Re:pishaw by Bill,+Shooter+of+Bul · · Score: 4, Informative

      A private association had rules governing the association, and one of those members broke one of the rules*. Hence, he was kicked to the curb. No laws are alleged by any part to have been violated.

      *He broke the rule that said he wouldn't do or say anything to harm the league financially. Its very broad rule for a reason. This reason.

      --
      Well.. maybe. Or Maybe not. But Definitely not sort of.
    4. Re:pishaw by Stuarticus · · Score: 4, Insightful

      The either/or is a huge false dichotomy. Maybe you should consider what 100% "living for yourself" would actually entail?

      --
      If you think someone isn't free to have a different definition of "freedom" you may be a tyrant.
    5. Re:pishaw by kaatochacha · · Score: 3, Interesting

      Selfishness is a negative, by definition.
      Self-interest, however...that's a whole different kettle of fish. Self-Interest is a universal law, like gravity.
      As long as you understand it, you can moderate/use it.

  2. So what's the problem here? by Anonymous Coward · · Score: 4, Insightful

    Is it that he's being paid a market price for his team? How could it have been otherwise?

    1. Re:So what's the problem here? by Anonymous Coward · · Score: 4, Insightful

      He has an opinion that liberals don't like so they think that they should be able to take his property from him without providing compensation.

    2. Re:So what's the problem here? by LordKronos · · Score: 5, Insightful

      Exactly. I don't get all of the talk about how this is a reward. He could have sold the team at any time of his choosing. The price he got isn't because of his racist remarks. It's because there are so few teams available, they don't often come up for sale, and as teams go, the Clippers is actually a pretty highly ranked team. If anything, forcing him to sell actually is a punishment, even at $2 billion. He bought the team for $12.5m 33 years ago. Now it's worth $2b. That works out to an average annual return of almost 17%. It's virtually impossible to find an investment that gives those sort of returns over the long term. When you actually do have one, you'd want to hold onto it as long as possible (unless you have reason to believe its value is about to tank). Forcing him to sell such a fast growing asset is indeed punishment.

  3. Racism or Thought Police? by Anonymous Coward · · Score: 4, Insightful

    Here's Slashdot cheering the thought police. The man was baited into saying something in a private phone call. Where are our privacy champions now? What a bunch of frauds. We cheer Snowden because the media tells us to, but then champion spying on someone because the media tells us to.

    1. Re:Racism or Thought Police? by NotDrWho · · Score: 5, Insightful

      Yeah, but privacy and free speech and all that only applies if you're saying politically-correct stuff. The second you say "nigger" or even mildly criticize some protected group YOU MUST BE DESTROYED!!!!!

      --
      SJW's don't eliminate discrimination. They just expropriate it for themselves.
    2. Re:Racism or Thought Police? by Anonymous Coward · · Score: 4, Informative

      > Here's Slashdot cheering the thought police. The man was baited into saying something in a private phone call. Where are our privacy champions now?

      It wasn't a phone call, it was in person. But, while the recording was what brought his bigotry to public attention, what really matters are all his other public actions, like refusing to rent apartments to blacks and hispanics. It was only a matter of time before all his shit caught up with him.

      http://www.businessinsider.com/donald-sterling-racist-history-2014-4

    3. Re:Racism or Thought Police? by Anonymous Coward · · Score: 3, Interesting

      What happened to Sterling is the exact same thing as someone going into your house, reading your diary, and then getting offended at the content. And then trying to get you fired from your job over it.

    4. Re:Racism or Thought Police? by blackraven14250 · · Score: 3, Interesting

      The definition of "ownership" when it comes to sports franchises varies, but basically Sterling doesn't own anything. According to the NBA's constitution, he doesn't even really own so much as the name - if the NBA terminates his ownership, the NBA immediately takes over the team and all its' assets (and has to provide the market value from the sale or liquidation of those assets). The NBA is structured more like a club, where when you join, you get a name under which you can conduct business, and have to share a bit of the profit with the club, and have to follow an extremely detailed set of rules on how to conduct that business.

    5. Re:Racism or Thought Police? by ATMAvatar · · Score: 4, Insightful

      Privacy and free speech apply to government entities, not to ex girlfriends and basketball associations.

      Privacy means that what you do with another person should remain between you two, so long as both of you keep it as such

      . All bets are off when one of the individuals involved in the private activity decide to disclose what happened. The moral here is to better choose who you decide to associate with in private.

      Free speech doesn't mean that you can say anything you want without consequence - it means that the government cannot be the one to bring about those consequences. Public shaming and ostracization are perfectly OK. In this case, it also happens that the statements ran afoul of NBA policy, which Sterling agreed to when be purchased the team in the first place.

      Sterling isn't serving any jail time, and he's getting a giant return on investment. I don't see why the right is to up in arms over the outcome. Sterling probably got more money for the sale of the team now (due to the expediency everyone else felt to buy the team out from under him) than he probably would have putting it up for sale on his own before the controversy.

      --
      "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety."
    6. Re:Racism or Thought Police? by SensitiveMale · · Score: 4, Insightful

      Yeah, but privacy and free speech and all that only applies if you're saying politically-correct stuff. The second you say "nigger" or even mildly criticize some protected group YOU MUST BE DESTROYED!!!!!

      That's the odd thing. Sterling didn't even use a slur.From what I understood of the tape, he didn't even have a problem with minorities. He told his girlfriend that she could sleep with anyone she wanted. Again, no slurs. Just don't brag about her boyfriends on Instragram or bring them to the game in public.

      He didn't tell his ticket sellers not to sell to minorities. He didn't use any slurs. He employed, from what I understand was a general consensus, the worst GM in the NBA for over 20 years who happened to be a minority. He hired a minority coach.

      He was illegally recorded and punished for something he said in the privacy of his own home, not for something he did. Not to mention he was goaded. Listen to the tape. She knew what she wanted him to say and she kept at it until he said it.

      This is very scary stuff because there isn't one person alive who wouldn't be ostracized, using this ruler, if a select one minute of their private speech was made public.

  4. Wut?? by Anonymous Coward · · Score: 4, Insightful

    What an incredibly stupid thing to post on Slashdot. the ONLY link to technology is Ballmer's name.

  5. nonsense by JeffSh · · Score: 4, Insightful

    Sterling never did anything illegal, he was just an old biggoted man. There exists no punishment society can inflict on him beyond personal actions like boycotting or just not liking him... So what gives? Why do people think that he can be robbed of an asset for being a biggot?

    He has first amendment protections to be as big of a douchebag as he wants. His privacy was violated by his mistress and he was doing nothing illegal. The NBA has no grounds to force him out or deny him profit from the sale of an asset he shouldn't be forced to sell.

    1. Re:nonsense by Threni · · Score: 5, Insightful

      Isn't `bring the game into disrepute` a reason? It's their rules...they can have any clause they like. He might not mind not caring what people think of his outdated mentality, but the sport suffers if people boycott it, or if it's embarrassing to have to admit you are involved with it, if for no other reason.

  6. Disable Advertising? by ArcadeMan · · Score: 5, Informative

    More like "Ignore my checkbox to Disable Advertising". I'm still seeing banners at the top of the content and at the top of the right column.

    --
    Get free satoshi (Bitcoin) and Dogecoins
  7. Think harder Rick by PsyMan · · Score: 5, Insightful

    '"It is hard to imagine any more heinous way of earning money than by benefiting from racism," ... Well, lets think, you could run a child prostitution ring, child slavery, people trafficking, run a pharmacutical firm/country that denies poorer people medicine or be a banker. Not hard to imagine at all. (not sure what the rest of the summary was about as I did not read it.

  8. Re:Simple. Wonder why no-one's thought of this bef by NotDrWho · · Score: 4, Funny

    For the hundredth time, vulcan, we're not joining any goddamn federation of planets!

    --
    SJW's don't eliminate discrimination. They just expropriate it for themselves.
  9. Re:Harder Idea - Shutter the team by fredprado · · Score: 3, Insightful

    Sure. In your dystopic society where people can only think what you want them to think that is how things work. Fortunately in the real world things are not that bad, yet...

  10. Re:Harder Idea - Shutter the team by flappinbooger · · Score: 5, Insightful

    bear in mind this man is guilty of nothing more than saying something politically incorrect within the privacy of his own house.

    What happened here? 1984 much?

    --
    Flappinbooger isn't my real name
  11. Re:Crusade against capitalism by fredprado · · Score: 3, Insightful

    Crony capitalism only exists when there is a big government to buy. Even more, the bigger and stronger the government is the "cronier" capitalism becomes. The only real way to fight crony capitalism is by decreasing government size and scope.

  12. Re:Crusade against capitalism by fredprado · · Score: 4, Insightful

    Rich people are not "harming" anybody. Much on the contrary. Someone with employees is providing the employees jobs that otherwise wouldn't exist. He can "screw them over" and they can decide to go elsewhere. That is how a free society works.

    On the other hand if you increase government powers, those same employees can be "screwed over" without any chance to defend themselves under the threat of force. And even worse this force can be bought by those rich guys.

    So if you want to prevent damage from being done you should defend that governments should be as small as possible and that violence and coercion, which are the tools of any government, should be kept at a minimum.

  13. I'd say it swapping one rich dickhead for another. by hey! · · Score: 4, Funny

    But Sterling got rich as a personal injury lawyer, and then mega-rich as a slum lord. He's the one man in America *everybody* can despise. Ballmer has actually found a situation where he can step in and people will heave a sign of relief.

    Well played, sir. Well played.

    --
    Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
  14. Re:Harder Idea - Shutter the team by MalleusEBHC · · Score: 4, Informative

    Let's not forget that Sterling has been a Grade A fuckwad for decades before this. He has been sued multiple times for his racist housing discrimination practices. He lost one case outright. The terms of the other were confidential, but he had to pay millions in attorney fees, so let's guess how that one ended.

    http://www.latimes.com/local/l...

    That's just the tip of his douchebag iceberg. He should have been run out long ago, but the league is a bunch of cowards. Fortunately, the players forced their hands by pretty much promising that no one would play for him again after this season.