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The latest announced top departure came last month whenAjay Banga, head of Citigroup's Asia-Pacific business, left tobecome president of MasterCard Inc (MA.N), putting him in lineto become chief executive of the credit card network. Citigroup on Monday named Shirish Apte and Stephen Bird toreplace Banga. McGuire joined Citigroup in 2005 from Morgan Stanley(MS.N),Sacramento Kings vs New Orleans Hornets where he was co-head of mergers and acquisitions.Sacramento Kings vs New Orleans Hornets tickets Hewas previously a managing director at Merrill Lynch & Co and anoriginal member of Wasserstein Perella & Co.
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Before the Hornets were eliminated from the playoffs, the NBA approved the deal.
The New Orleans Hornets is a professional basketball team based in New Orleans, Louisiana, United States.
Eventually, however, the team went cold, losing 12 out of 13 games to drop out of the playoff race, setting an ignominious NBA record in the process when they scored 16 points in the second half of a game in Los Angeles versus the Clippers.
When the luxury tax level was set on July 7, it left the Hornets in excess of $7 million in the tax zone.Despite comments from the team owner- and leadership about the intention to compete and building a winner, it was still seen as quite surprising when on July 28, the Hornets landed center Emeka Okafor from the Charlotte Bobcats for Tyson Chandler. While the move allowed the Hornets to shed $1.3 Million of the 2009-2010 payroll, they also took on the remainder of Okafors contract valued at just under $63 Million for 5 years.
The team also added former head coach Tim Floyd as an assistant coach.On November 18, the Hornets unveiled brand new purple, green, and gold uniforms, exclusively during the Mardi Gras holiday games.On January 11, 2010, the Hornets traded back-up center Hilton Armstrong along with cash considerations to the Sacramento Kings for a conditional 2016 second round draft pick. On January 25, 2010, the Hornets made two additional roster moves.
The Memphis Grizzlies also used it as their primary color during their days in Vancouver, and even the Detroit Pistons briefly switched to teal, away from their traditional blue and red, in the mid-1990s.
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