Nike ousted from University of Wisconsin

Most Americans recognize the Nike swoosh when they see one, but to the University of Wisconsin-Madison, the iconic symbol wasn't worth the price of workers' rights.

The University of Wisconsin-Madison has become the first university in the world to end a licensing agreement with Nike -- effective this month. The university said it took the action because the company failed to explain the problems behind two Honduran factories that closed without paying severance to workers.