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For Lance Armstrong, Backing Down Might Have Hurt More Than Paying $5 Million
By Juliet Macur, The New York Times, April 20, 2018
This post has been viewed 3,084 times.
This post has been viewed 3,084 times.
Lance Armstrong just avoided a trial that could have ended with his financial ruin. He reached a settlement of $5 million, the amount his lawyers offered the federal government almost five years ago to make amends for Armstrong’s use of performance-enhancing drugs while he was sponsored by the United States Postal Service.
In the end, a mediator told both sides that $5 million was the magic number. The government, which had demanded at least $10 million to settle, took that advice and gained the satisfaction of holding a celebrity at least nominally accountable.
In some circles, that sort of compromise is a win. If Armstrong can see things that way, he has changed a lot. And that’s a triumph of its own.
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