Tiger Woods Mistress Mess Costs Shareholders Of His Sponsers Like Gatorade & Nike $12 Billion Dollars!


Tiger Woods is not the only one who blew big bucks with his image-busting cheating spree.

His losses are chump change compared with the up to $12 billion that the scandal has cost shareholders of his big-money sponsors like Nike, AT&T and Gatorade, a study revealed Monday.

"Total shareholder losses may exceed several decades' worth of Tiger Woods' personal endorsement income," said study author Victor Stango, a professor at the University of California Davis.

The study compared the stock prices of nine Woods sponsors with competitors and the overall market after the scandal erupted last month.

Investors in the three sports-related companies - video gamemaker Electronic Arts, Gatorade and Nike - fared the worst, experiencing a 4.3% drop in stock value.

On the other hand, Accenture, a global management consulting firm, experienced no measurable ill effects from Woods' fall from grace.

Source: NY Daily News

Follow Me @Twitter.com/ChasinMoPaper

Views: 48

Comment

You need to be a member of PaperChaserDotCom to add comments!

Join PaperChaserDotCom

Like My Official Facebook Page & Follow On Google+ & Instagram

My title

Instagram page contents

Follow Me On Twitter, Instagram, Facebook, YouTube

Follow Me

Join Our Facebook Fan Page Follow Us On Twitter Follow Me On Youtube Like MY Facebook Page Connect With Me On Linkedin
Connect With Me On Google+ Join My Website Follow Us On Instagram

Badge

Loading…

Events

About

© 2019   Created by ChasinDatPaper.   Powered by

Badges  |  Report an Issue  |  Terms of Service

Facebook Login JavaScript Example