Lance Armstrong dropped by Nike

Lance Armstrong has been dropped by Nike in the wake of his doping allegations. Lance won seven straight Tour de France's from 1999 to 2005. That's when he was accused of using performance enhancing drugs, after winning a bout with testicular cancer. Lance has yet to fail a drug test so, in my opinion, this was a knee jerk reaction by Nike. Not only did Nike drop him, he also dropped down as chairman for Lance Armstrong Foundation for cancer support. Some assume because he did that that the allegations are true, but it's more so to save the foundation's image and keep it from getting tainted. He fought allegations for years prior, but finally decided to stop and step down. People are even stopping wearing the yellow Livestrong bracelets which I find absolutely absurd. 

http://edition.cnn.com/2012/10/17/us/lance-armstrong-doping/index.html?hpt=us_c1