That seemed to be the least egregious part of their findings, IMO. It said he used the term "at least 5 times when recounting the statement of other people". Which is what was reported initially, basically he asked why he couldn't say the n-word when others do. It's ignorant, for sure, but he was recounting other peoples comments and not using it on his own in some way, like Sterling. Definitely bad but I find the rest more troubling because that seems more ignorant than malicious or perverse.
I think the sexual harassment was much more cut and dry. Dude was/is a pervert. The reports of things he did like sharing pics of wife, talking about his sex life, and de-pantsing employees proves he's a pervert who doesn't know how to conduct himself in a professional environment.
He should have been removed. I'm not surprised by this slap on the wrist though. I worry how he'll try and recoup the money he loses due to fines and suspension though. That's something I didn't consider before but should have because he seems to cut costs elsewhere in the organization when roster costs get to high. He's always trying to balance expenditures in some way, it's the banker in him and you can bet he'll want his money back and then some.
The NBA kind of screwed us because if the other owners can't remove him, he'll come back with a cheapness and I wouldn't be surprised if he has a personal vendetta as well. He's in his 50's or 60's, sensitivity training isn't going to change him. He is who he is at this point. Hopefully the players can force him out. The league should have done it for them but I can see that giving the players some weight in the next CBA because they'll want a say when things like this happen, and they should have one.