Forbes CEO Defends Randall Lane Firing, Citing 100-Year Integrity Standards

1 articles · Updated · Talking Biz News · Aug 15

Sherry Phillips told staff Friday that the conduct described in media reports about former editor in chief Randall Lane was unacceptable and incompatible with Forbes policies.
Phillips said Forbes acted immediately and decisively once it became aware of the matter, stressing that no employee—regardless of title, tenure or contributions—is above company standards.
Forbes said its rules bar conflicts of interest, outside business activities and use of company relationships for personal benefit, while editorial standards require independence and disclosure of compromising circumstances.
More than a century of trust is at stake, Phillips said, as Forbes tries to reassure staff and audiences that its journalism and leadership remain committed to integrity.