Crisis Management Lance Armstrong’s foundation exit: Does it help? The beleaguered cyclist announced Wednesday morning that he would step down as chairman of Livestrong, just as Nike dropped him as a spokesman. Can the foundation carry on? By Matt WilsonOct. 18, 2012 SHARE To read the full story, log in. Become a Ragan Insider member to read this article and all other archived content. Sign up today Already a member? Log in here. Learn more about Ragan Insider.