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Michael Phelps
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Is Kellogg's Better Off Without Michael Phelps?
Olympic champion Michael Phelps became the poster child for many eager brands after his unprecedented success in the Beijing 2008 Games, but there's one company who no longer wants its products associated with the swimmer.
After the golden boy's bong drama unraveled last week, most of you thought companies would be overreacting if they pulled Phelps' endorsement deals. Kellogg is the only company that has made the decision to not renew the swimmer's contract that expires at the end of this month with the explanation that his behavior is "not consistent with the image of Kellogg."
Should Michael Phelps Lose Any of His Endorsement Deals?
Michael Phelps is busted. Photos of the 23-year old Olympic champion with his lips on a bong surfaced and spread quickly, and the smoking swimmer has already publicly apologized for his actions. Michael's skills are what put him in the limelight, but his reputation as a role model is what keeps him there when he's not setting records in the pool.
Michael Phelps Endorsement Deals: How Money Are You?
Michael Phelps and gold will continue to go hand in hand due to his record-breaking Olympic performance, and thanks to endorsements it looks like the history maker won't go without for quite some time. Marketers from all walks of business have been trying to get their hands on Michael's buff bod to represent their brands.
We know he's money, but are you?
Michael Phelps Pure Gold in More Ways Than Eight
Olympics fans have been riding on a Michael Phelps wave since he began winning his eight gold medals in Beijing and breaking world records. But sporting the gold isn't a new thing for Phelps — he won six medals in Athens four years ago, and has been collecting about $5 million a year in endorsement checks from VISA after that impressive, teenage performance.
The 23-year-old Phelps has proven his talents have gotten better with more experience and advertisers are now paying even more attention.
Olympic Medalist Cash Prizes: How Money Are You?
Athletes competing in Beijing are not paid for their participation, but American competitors who come out on top are rewarded in cash by the US Olympic Committee. Of course, the real money is in promotional contracts: Some of the most stellar athletes, like Michael Phelps, bring in millions with marketing deals.
Do you know how much the gold, silver, and bronze medalists are given as prizes for being the best?
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How Money Are You: Celebrity Endorsements Gone Bad
Reputation can play a big role in your professional life, and nobody can attest to this more than celebrities. Last week we heard about Michael Phelps losing his endorsement deal with Kellogg's because of his bong behavior, but the young swimmer is hardly the first celeb to have deals pulled because of a bad rep. Do you know which other celebrities have been involved in short-lived endorsement deals?
In Case You Missed It: How Money Are You
Quizzes are way more fun when they don't affect our GPA, and throughout 2008 we've been exposing our knowledge of news and random facts through little exams. Hopefully, you've enjoyed taking them as much as I've enjoyed creating them. In case you missed some, here are the most popular quizzes from 2008.
How Money Are You? Take Our Fun Quizzes to Find Out!
World's Most Expensive Cities
Most Expensive Universities
Michael Phelps Endorsement Deals
Where American Millionaires Reside
Airline Fees
Hard Credit Inquiries vs. Soft Inquiries
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