Author Archives: Defne Gunay

Morals Clauses: Tiger Woods and The Death of His Sponsorships

September seemed like a good month for Tiger Woods. Forbes magazine declared that Woods was “the first billion-dollar athlete.”1 The magazine calculated that with the $10 million bonus he received from the FedEx Cup,2 Woods reached the billionaire status that is usually reserved for the Waltons and hedge fund CEOs. What made Woods’ impressive earnings [...]

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