Beverly Hills 12/15/2009 1:54:27 AM
News / Business

Tiger Woods Treatment by Sponsors Hints at End of the Era of Celebrity Endorsements

Finance World News Update by EQUITIES Magazine

In the wake of the numerous and public allegations of Woods’ infidelity, Accenture was the first of his sponsors to pull out, though others, like Gillette, which last week announced a suspension of Woods’ marketing appearances, show signs of concern.

 

Some are arguing that corporate sponsors’ reactions to the Woods’ calamity mark a paradigm shift in marketing approaches and corporate branding. After a decade of ethical misconduct leading to the fall of the celebrity politician, Bloomberg writer Rosabeth Moss Kanter, argues that now we are watching the fall of the regular celebrity: “the significance of the Woods affair is the challenge it poses to a major marketing convention: use of celebrities to sell products and services instead of featuring the product or service's value for users (and the values that guide its production).”

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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