Forbes editor resigns over $6M founder payment

The top editor of Forbes, Randall Lane, resigned after accepting a $6 million payment from RJ Shook, founder of Shook Research, which collaborated with Forbes on wealth advisor rankings. The payment was made after Shook sold a majority stake in his company, and Lane admitted he considered it a gift for advice provided over the years, failing to disclose it. Forbes stated that the company took immediate action upon discovering the conflict of interest, emphasizing their commitment to trusted journalism.

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