Forbes fired top editor after discovering he received secret $6 million payment

The top editor of Forbes was fired last month after the company discovered that he had received a payment of about $6 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 teamed up with Forbes since 2016 to publish rankings of wealth advisers. The payment was made after Mr. Shook sold a majority stake in Shook Research to PPC Enterprises, a private equity firm, last August, two of the people familiar with the transaction said.

Click here to read more.