UPDATE: 7 companies hurt by bad publicity
By MarketWatch, MarketWatch
The Sultan of Brunei is bidding for New York's Plaza hotel, along with London's Grosvenor House and the Dream Hotel in Lower Manhattan.
The offer comes amid a widespread boycott of some of the Sultan's other properties, following his recent decision to introduce Islamic, or Shariah, laws in his country. The new laws provide for such punishments as public flogging, amputations and death by stoning for a range of offenses from homosexuality to adultery and abortion.
Spurred by celebrities including Elton John, Ellen De Generes and Jay Leno, boycotts of the storied Beverly Hills Hotel and the Dorchester hotels in Europe have reportedly cost the Sultan (pictured) millions in lost sales and cancellations.
Here are some more examples of companies that have been battered by bad publicity.
-- Text by Tomi Kilgore, Ciara Linnane, Angela Johnson and Jennifer Booton
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Dubbed "the Pink Palace", the 102-year-old Beverly Hills Hotel on Sunset Boulevard has housed many famous actors and musicians, from Rudolph Valentino to Marilyn Monroe and The Beatles. The hotel's exterior was featured on the album cover of The Eagle's "Hotel California".