Don’t be a dope: drug scandal leads to sponsor fall out
In light of strong evidence of the use of performing-enhancing drugs, the U.S. Anti-Doping Agency has banned Lance Armstrong from competing and will strip away all his titles earned throughout his career.
For years Armstrong has craved the spotlight, but now he’s making front-page coverage in leading media across the country for all the wrong reasons. And sponsors are taking notice. Endorsers – such as RadioShack, Anheuser-Busch, and longtime friend Nike – are bailing on the popular former cyclist in light of these allegations.
This controversy surrounding Lance Armstrong shows how a reputation built over time can be destroyed in mere seconds. Especially in today’s digital world where headlines jump from your computer screen to your daily morning paper in less than a day, it can be hard to hide from the truth.