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Woods Scandal Costs Shareholders Billions

By David KnowlesDec 28th 2009 – 12:50PM
AP

AP

(Dec. 28) -- Infidelity has its price. Just ask shareholders of Nike, Pepsi and EA Sports, three of Tiger Woods' biggest corporate benefactors. According to a new study by economists at the University of California Davis, the Woods scandal has cost those who own stock in the golfer's chief sponsors an estimated $12...

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