As far as I'm concerned, Stern was right to veto a bad trade like that. He was protecting the Then Hornets. Im tired of hearing fans blame the commissioner for that
The problem wasn't that it was a bad trade. It was actually a pretty good trade.
The problem was that there was only 1 star involved and he was going to be leaving the team that was being sold. That drives down the value of the team, even if the team was probably better off from a winning basketball games perspective.
The commissioner was to blame because the league never should have been in that position in the first place. Also, the whole point of putting Demps in that position and giving him the power they did, was to remove as much of the conflict of interest as possible.
When he vetoed the trade, he created the conflict of interest that having Demps was supposed to avoid.