UC-Davis Study Finds The Tiger Woods Affair Costs Stockolders Over $12 Billion .... That's a Lot of 5-Bladed Razors !
Remember all those Tiger Woods jokes? Well, funny boy, who the hell is laughing now? As usual, we like to see famous people hit the skids - but we're the ones who end up paying for it in the end.. According to a pair of Cal-Davis Economics professors, regular Americans lost over $12 Billion is stock value since Tiger Woods admitted his transgression(s).....
How so, you say? Well, they focused on the stock of nine of Woods' sponsors: Accenture, American Express, AT&T, Electronic Arts (EA), Gillette, NIKE, Gatorade, TLC Laser Eye Centers and Golf Digest. Between the nine, their stock value decreased 2.3%, well in excess of normal stock price variations. What else do they all have in common aside from Woods? Right.... As they put it, "While having a celebrity of Tiger Woods' stature has undeniable upside, the downside risk is substantial too." No shit.......
So, before you tell another Tiger joke, make sure you can afford it first.... So far, the cost is about $6 per joke told......
.
No comments:
Post a Comment