Research firm’s founder explains $6 million payment to fired Forbes editor

The founder of a research firm explained on Monday why he paid $6 million to Randall Lane, the former top editor of Forbes, who was fired last month after the media outlet learned of the transaction.

Mr. Lane, the former chief content officer of Forbes, received the multimillion-dollar payment “in recognition of the services and guidance” he provided to RJ Shook, the founder of Shook Research, including helping him sell the firm last year, Mr. Shook said in a statement to The New York Times.

Click here to read more.