Michael Phelps Loses His First Endorsement Deal Behind The Pot Controversy!

So much for honesty!Since Michael Phelps admitted that he was smoking pot out of that glass pipe,Kellogs has announced it will drop Phelp's endorsement deal.Here's more from the Washington Times:

"PORTLAND, Ore. (AP) – Kellogg Co. said Thursday that it will drop its endorsement deal with Olympic swimmer Michael Phelps following his acknowledgment he inhaled from a marijuana pipe.

The 23-year-old swimming star has apologized for his "regrettable" behavior and "bad judgment" after a photo appeared Sunday in the British tabloid News of the World that showed Phelps inhaling from a marijuana pipe.

Most of his major sponsors, such as Visa Inc., Speedo, luxury Swiss watchmaker Omega and sports beverage PureSport's maker Human Performance Labs, stood by the athlete following the news, even if they didn't condone his behavior.

But Battle Creek, Mich.-based cereal and snack maker Kellogg said Phelps's behavior is "not consistent with the image of Kellogg."

Phelps's agent was not immediately available to comment."(END OF EXCERPT)Read the rest here.

Michael Phelps was criticized for endorsing both Mcdonalds & Kellogs last year because he is an athelte.His critics felt that he was sending the wrong message to children.Here's why from the L.A. Times:

"Michael Phelps' endorsements of Kellogg's Frosted Flakes cereal and McDonald's has attracted criticism from the Children's International Obesity Foundation.

In a statement Friday, the foundation said: "As a role model and Olympic hero to America's children, Michael Phelps -- and all athletes and celebrities -- are asked to reconsider any connection to substances suspected as agents of obesity, including sugary cereals, soft drinks and other foods with refined carbohydrates, saturated fats, trans fats and high fructose corn syrup.''

The statement referred to the documentary, "Killer at Large,'' about the causes of obesity in children, which will be released in November in New York."(END OF EXCERPT)Read the rest here.