- Athletes’ Scandals Spark Interest in Endorsement Insurance – NYTimes.com
"[T]he stock prices of the seven publicly held companies that have or had sponsorship deals with [Tiger Woods] lost $12 billion in market value in the month after Woods’s statement in December that he was taking a leave from golf …." Companies are increasingly seeking to buy insurance to cover potential lost sales when this happens; the insurance gets more expensive as the morals clause gets more specific. (HT: Contract Alchemy http://bit.ly/bulDjb)
Digest powered by RSS Digest
Subscribe to the RSS feed, or sign up for email updates at right.
