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Athletes in Scandal and their Endorsement Deals

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Should companies that use professional athletes to endorse their products drop athletes who become involved in personal scandals? Use Lance Armstrong as an example. Please answer in 3 pages.

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The solution discusses athletes in scandal and their endorsement deals.

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Yes, companies should definitely drop such athletes that get involved in personal scandals, especially those scandals that ruin the public image of the athlete or put a dent on the professional accomplishments of the athlete. The companies should drop them because they have chosen such athletes on the premises that such athletes are role models for society and their association with the company's brand and products would help in leveraging on their positive image, reputation and goodwill among the target customers. The company's main criteria for selection of these athletes as their brand ambassadors is the perceived position of these athletes in the eyes of the target customers.

If such ...

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