Brands should be very careful when selecting which athletes to sponsor, according to MasterCard's (MA) chief marketing officer Raja Rajamannar. After U.S. Olympic swimmer Ryan Lochte sparked controversy by claiming he was robbed at gunpoint at the 2016 games in Rio de Janeiro, and later admitted embellishing the story in television interviews, his sponsors, including Speedo and Ralph Lauren (RL) , stepped away. 'When it happens it happens,' Rajamannar said, referring to controversies like Lochte's. 'That's where the process of diligence of selecting the right brand ambassadors comes into being.' TheStreet's Scott Gamm reports from Bethpage State Park on Long Island, the site of the 2016 golf tournament, The Barclays.
More from Video
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.