Tiger Woods sex scandal that overwhelm may have cost shareholders of companies certified by the world’s No. 1 golfer up to $12 billion in losses, according to Victor Stango and Christopher Knittel an Economics Professor from the University of California, Davis. The two gave the actual estimate for the damage to the market value of Woods’ main sponsors caused by revelations of so-called extramarital affairs that float up after he was caught up in a minor car accident outside his Florida home on Nov. 27. Some of Woods main commercial sponsors have backed away from him as a result of the scandal. Others, while standing by him, have said they are valuing their future relationship. Wood as the world wealthiest athlete takes an infinite break to save his marriage.
About The Author
Share This
Subscribe Here
0 comments:
Post a Comment