Nike drops Lance Armstrong

| Print |  Email
Must Reads
Wednesday, October 17, 2012

A week after doping evidence was made public, Nike terminated Lance Armstrong's contract, as he also stepped down as chairman of Livestrong, his cancer foundation.

“I have had the great honor of serving as this foundation’s chairman for the last five years and its mission and success are my top priorities,” Armstrong said in a statement. “Today therefore, to spare the foundation any negative effects as a result of controversy surrounding my cycling career, I will conclude my chairmanship.”

In a statement on Wednesday morning, Nike said the evidence that Armstrong had doped was so overwhelming that it could no longer partner with him. In the past, the company stood by athletes like Kobe Bryant, who was accused of sexual assault but never convicted; Michael Vick, who was convicted and served time in a federal prison for his role in a dogfighting ring; and Tiger Woods, who gained international notoriety for his extramarital affairs.

Read more at The New York Times.

{biztweet}lance armstrong{/biztweet}

 

Comments   

 
Guest
0 #1 Good for Nike, what about 24 Hour FitnessGuest 2012-10-17 18:31:32
This has flopped back and forth for so many years now. I guess the real question is; Is it really that hard AND need to take so much time & capital to give the guy a COMPLETE blood/drug/toxi cology/ test ??? I mean COME ON!!! Get your act together people

Another question; 24 HR Fitness has a location that uses LA for it's location name and most of the decor is related. Do you think 24 HR Fitness will follow Nike?

After all, is he not being considered as some sort of criminal now??? (Not accusing, only asking)
Quote | Report to administrator
 

More Articles

Reader Input: Energy Overload

June 2015
Wednesday, July 15, 2015

We asked readers to weigh in on the fossil fuel-green energy equation.


Read more...

5 questions for ImpactFlow CEO Tyler Foreman

The Latest
Thursday, August 13, 2015
impactflowthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.


Read more...

Big Trouble in China?

Guest Blog
Tuesday, August 18, 2015
0818-wellmanthumbBY JASON NORRIS | CFA

Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.


Read more...

Getting What You Pay For

September 2015
Wednesday, August 19, 2015
BY KIM MOORE

A conversation with Chris Maples, president of the Oregon Institute of Technology.


Read more...

Staffing Challenge

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

A conversation with Greg Lambert, president of Mid Oregon Personnel Services.


Read more...

Child care challenge

News
Wednesday, August 26, 2015
0927OHSUhealthystarts-thumbBY KIM MOORE AND LINDA BAKER

Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.


Read more...

Fueling Up for the Climb

July/August 2015
Friday, July 10, 2015
BY GREGG MORRIS

Rita Hansen aims to scale natural gas vehicle innovation.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS