For years in the late 90's I was reading about people who were totally inspired by this man and his battle against cancer.
And this foundation of his apparently raises oodles of money for cancer care and education
, something like fifty million a year. Hopefully that doesn't take too much of a hit since it's worthwhile. Apparently Nike is sticking with him and it, for now - but then, they're running out of "suitable role models" pretty quickly over there, I think.
“We are saddened that Lance Armstrong may no longer be able to participate in certain competitions and his titles appear to be impacted,” Nike spokeswoman Mary Remuzzi said in an emailed statement. ”Lance has stated his innocence and has been unwavering on this position. Nike plans to continue to support Lance and the Lance Armstrong Foundation, a foundation that Lance created to serve cancer survivors.”
Armstrong has been a Nike athlete since 1996. Nike shares recently rose 1.7% to $97.07. The stock is roughly flat this year.