Racism is Bad for Business, Too: Sponsors Dump Clippers Owner Donald Sterling

The NBA has yet to complete its investigation into racist remarks allegedly made by Los Angeles Clippers owner Donald Sterling, but the blowback has already hit the team's bottom line.

A host of sponsors announced Monday plans to drop or suspend deals with the Clippers in light of the controversy that detonated this weekend after an audio recording was leaked to the press.

The following companies released statements on Monday saying they will terminate their sponsorship deals with the Clippers because of Sterling:

• Virgin America

• CarMax Read more...