politics
Top Forbes Editor Reportedly Fired After Receiving $6m from Business Associate
Randall Lane Left His Job Last Month After Accepting Money From Founder of Firm That Does Business With Magazine
TL;DR
- Randall Lane, Forbes's editor and chief content officer, no longer works for the company.
- His departure is reportedly linked to accepting a $6 million payment from RJ Shook, founder of Shook Research.
- Shook Research has partnered with Forbes since 2016 to publish wealth adviser rankings.
- Lane claimed the payment was a gift for advice and admitted failing to disclose it was a mistake.
- Forbes's editorial standards prohibit staff from accepting compensation from featured entities.
- The incident occurs amid declining public trust in media.