Forbes chief fired after $6 million payment from a partner; Lane faces fallout over payment and leadership lapse. Lane led Forbes editorial and business coverage.
Forbes has ousted its chief content officer after internal reports revealed he received a multimillion-dollar payment from a private equity-linked donor. The Times notes the editor’s departure followed questions about the gift and its disclosure. Forbes’ internal standards prohibit personal gain and require disclosure; public trust in media is at a low point according to Pew Research.