Forbes fires its top editor after discovering he received a secret $6 million payment, according to reports. The New York Post says the publication dismisses its chief editor after learning about the payment, while The New York Times reports the matter involves Forbes’s chief content officer, Randall Lane.
The payment is described as coming from the founder of Shook Research, a company that has worked with Forbes. The Times says Shook Research has produced content for Forbes related to wealth advisers, and that Lane receives the money privately rather than through publicly disclosed arrangements. The two outlets agree on the core facts: Forbes discovers the undisclosed payment and then terminates Lane. The reports differ mainly in how they characterize Lane’s role and the specific details they emphasize, but both frame the dismissal as linked to undisclosed compensation tied to an outside company doing business with Forbes.
