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GM spent $578m on 2007 sports advertising

beneteaubeneteau Member Posts: 8,552 ✭✭✭
edited November 2008 in General Discussion
Why?

Ever buy any vehicle based on a TV ad?

Have none of these idiot CEO's heard about "stashing" money away for a rainy day or investing it in the future of their companies?
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Comments

  • scrumpyjackscrumpyjack Member Posts: 5,336 ✭✭✭
    edited November -1
    Alot of that money was endorsements. GM just dropped Tiger Woods after nine years. They paid him $40M over five years on this last deal. They are also way deep into NASCAR.
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  • beneteaubeneteau Member Posts: 8,552 ✭✭✭
    edited November -1
    quote:Originally posted by scrumpyjack
    Alot of that money was endorsements. GM just dropped Tiger Woods after nine years. They paid him $40M over five years on this last deal. They are also way deep into NASCAR.



    They have announced that they are dropping their financial support of 2 Nascar tracks---Bristol Motor Speedway in Tennessee and New Hampshire Motor Speedway.
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