DETROIT (AP)—General Motors Corp. said Monday that it is ending its 9 year endorsement deal with Tiger Woods in order to save money for executive pocket lining.
The endorsement deal, believed to be worth upwards of $7 million a year, was set to end in 2009, but the decision, Woods’ agent Mark Steinberg assures, was “absolutely mutual.” He continues:
“It was a combination of things. Tiger was looking to gain some more time [with his family], and certainly it was an opportunity for GM to reduce its spending with everything going on.”
Tom …