So Nike is severing their financial relationship with Lance Armstrong because, well, they didn't say. But apparently he's too immoral for them now:

The fallout from Lance Armstrong's doping confessions continues. Nike has announced that it will no longer continue a relationship with Livestrong, Armstrong's charity.

It's a major blow to the foundation, which has raised more than $100 million and achieved global recognition for its yellow wristbands thanks in part to Nike's influence. The contract runs until 2014, but Nike will stop making Livestrong apparel following the 2013 holiday season.

Armstrong had begun the charity as the Lance Armstrong Foundation, but was removed from the board in October following allegations of doping. Last fall, the U.S. Anti-Doping Agency published a damning report describing the doping tactics of Armstrong's team. While he initially fought the allegations, Armstrong confessed earlier this year to using performance-enhancing substances.

And now read this and see if you believe that Nike is too good to associate with Armstrong:

Cambodian police used cattle prods to stun workers protesting over pay at a factory that makes clothing for U.S. sportswear company Nike - injuring at least 23 women and causing one to miscarry her baby.

Police dressed in riot gear were deployed to move around 3,000 predominantly female workers who had blocked a road outside their factory owned by Sabrina (Cambodia) Garment Manufacturing in Kampong Speu province, west of the capital, Phnom Penh, in Cambodia today.

Among the 23 women injured in the incident was a two-months pregnant worker who lost her child after military police pushed her to the ground, Sun Vanny, president of the Free Trade Union (FTU) at Sabrina said.

So you tell me who's immoral: Nike, or Lance Armstrong? Hint: One of them stole some prize money by using drugs and the other one charges obscene amounts of money for products made by virtual slave labor.