Michael Phelps Launches Foundation, Donates Speedo $1 Million Bonus to Charity

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Joe Gromek, President and CEO of Warnaco presents Michael Phelps with million dollar bonus on behalf of Speedo, on Tuesday September 2nd "Getty Images for Speedo." (Photo: Business Wire)
Joe Gromek, President and CEO of Warnaco presents Michael Phelps with million dollar bonus on behalf of Speedo, on Tuesday September 2nd "Getty Images for Speedo." (Photo: Business Wire)Photo

Joe Gromek, President and CEO of Warnaco presents Michael Phelps with million dollar bonus on behalf of Speedo, on Tuesday September 2nd "Getty Images for Speedo." (Photo: Business Wire)

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