Lance Armstrong steps down as chairman of Livestrong

Thursday, October 18, 2012 - 4:05pm

From cancer fighting vitamins
Lance Armstrong is out as chairman of the charity Livestrong and out of his Nike contract.
Armstrong announced this morning that he is stepping down so it can focus on its mission.
Minutes later, Nike announced that it is dropping its contract with Armstrong saying he misled the company for a decade about doping.

 The U.S. Anti-Doping Agency released a report last week highlighting allegations of doping by Armstrong when he won the Tour De France seven consecutive times from 1999 to 2005.
Armstrong denies the allegations.
 

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