After 12-time Olympic medalist Ryan Lochte apologized for exaggerating about being robbed at gunpoint at a Rio gas station, his value to corporate America is plunging. Speedo, Ralph Lauren, mattress company airweave and the maker of a laser hair removal system all announced Monday they are ending or not renewing their sponsorship deals with Lochte. CBS News financial contributor Mellody Hobson joins “CBS This Morning” to discuss the fallout.
Original post:
Ryan Lochte’s expensive fallout from fabricated robbery story
