This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Are Tiger's Sponsors Doing the Right Thing?

NEW YORK ( TheStreet) -- Tiger Woods has gotten himself into quite a bind of late. We imagine that, by now, you no longer need the details, as they are as familiar to any sentient citizen of the planet.

But despite Tiger's admissions of "transgressions" and "profound apologies" it only keeps getting worse, with the latest reports saying that he has offered to pay his wife, Elin Nordegren, $5 million in a revised prenuptial agreement to keep her from walking away with the kids. Word is he's willing to pay her an additional $55 million to stay with him for two more years and will up the ante to $80 million if she stays with him for at least seven years.

Despite it all, big sponsors like Nike (NKE) and Procter & Gamble (PG)company Gillette say they will continue to support him through his personal crisis. PepsiCo (PEP) brand Gatorade has decided to discontinue the Tiger Woods line of sports drink" , but has not dropped Tiger as an endorser. Do you think they are making the right decision?


Do you think Tiger's sponsors are doing the right thing by staying with Tiger?

Yes - Tiger's still the world's number one golfer and can help sell products.
No - brands connected to Tiger risk having a stigma attached to them.

-- Written by Andrea Tse in New York.

RELATED STORIES:





Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs