Enron, Worldcom, Bernie Madoff, Tiger Woods? These scandals have cost people millions of dollars. Tiger's latest scandal is no different. The PGA Tour and people who make their living off of the enterprise known as Tiger Woods stand to lose a lot of money. The PGA Tour has seen a record amount of profits due to the interest in the number one athlete in the world. Charities, which the PGA does a great job helping in it's efforts, will certainly see this decline of revenue. The tree of the Tiger Woods branches out into many different areas. This list can go on and on. As if the recession is not bad enough, PGA and the entire golfing industry is going to have to deal with it's own financial storm. Only time will tell how much revenue will be lost and the overall effect of the incident. It just goes to show, the old adage is true, one mistake will not only effect you, but have an effect on many. Lesson to learn, never place your eggs in one basket, and anyone who is bathed in flesh will fail.
Wednesday, December 23, 2009
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