You know the economy is in dire straits when major sports figures start to lose endorsement deals because of it! After laying off blue collar workers, GM has finally let go of Tiger Woods who had an exorbitant $7 million dollar contract as their Buick spokesman. Cutting his contract was a no-brainer & should have been done before they considered laying off the folks who actually make the cars! If the economy keeps sinking companies, celebrity endorsements may no longer be the norm.
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