Forbes fired top editor after discovering he received secret $7.7 million payment

NEW YORK - The top editor of Forbes was fired in July after the company discovered that he had received a payment of about US$6 million (S$7.7 million) from the founder of a firm that does business with the magazine, according to three people familiar with the decision.

Randall Lane, the magazine’s chief content officer, was paid by RJ Shook, whose company, Shook Research, has partnered with Forbes since 2016 to publish rankings of wealth advisers.