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

Tiger Woods Loses Accenture Sponsorship

NEW YORK ( TheStreet) -- Tiger Woods has officially lost his first sponsor over the scandal that has wreaked havoc on his once squeaky-clean reputation.

On Sunday, Accenture (ACN - Get Report) officially announced that it would be ending its six-year relationship with Woods.

"After careful consideration and analysis, the company has determined that Tiger Woods is no longer the right representative for its advertising," the company said in a statement.

> > The Tiger Woods Stock Index

The statement follows Woods' announcement on Friday that he would be taking an indefinite leave from golf to focus on repairing his relationship with his family.

"We are disappointed but respect their Accenture's decision," said Woods agent Mark Steinberg, in an email to the Wall Street Journal. "That is all I have to say to you."

Woods makes about $90 million a year in sponsorship fees, according to WSJ. and Accenture was one of his biggest sponsors. Accenture is one of the world's largest management consulting, technology services and outsourcing companies with about $23 billion in revenue in its last fiscal year.

1 of 2

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
Submit an article to us!
SYM TRADE IT LAST %CHG
ACN $93.02 -0.67%
NKE $100.24 -0.18%
PEP $95.48 0.06%
PG $80.41 0.42%
T $33.40 -0.96%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.27 -9.19 -0.44%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs