Lance Armstrong Steps Down As Chairman Of Livestrong

Lance Armstrong, having been hit with a set of doping allegations that portray him as a sort of East Germany on a bike, has decided to leave his position as chairman of Livestrong. Armstrong founded Livestrong in 1997 for the purpose of raising cancer awareness (not actual cancer research).

From the Associated Press:

Lance Armstrong is stepping down as chairman of his Livestrong cancer-fighting charity to it can focus on its mission instead of its founder's problems.

Armstrong's announcement came minutes before Nike Inc., announced it is terminating its personal contract with him.

Armstrong was synonymous with the Livestrong organization, and was the sole reason that those yellow wristbands became such a cultural icon. The idea of the organization going on without him just seems odd, and yet that's what it plans to do, doing the important work of raising "awareness."

Armstrong Stepping Down as Livestrong Chairman [AP]