Randall Lane probably didn’t break the law by accepting $6 million while working at Forbes, but he may still pay a price under a 140-year-old doctrine
A New York legal doctrine requiring employee loyalty could pose more risk to the fired Forbes editor than any criminal exposure.
A New York legal doctrine requiring employee loyalty could pose more risk to the fired Forbes editor than any criminal exposure.
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Why it matters
This is a legal dispute involving an individual executive and an old loyalty doctrine, with limited direct impact on credit markets or broader financial professionals.
Sources
Fortune
Randall Lane probably didn’t break the law by accepting $6 million while working at Forbes, but he may still pay a price under a 140-year-old doctrine
A New York legal doctrine requiring employee loyalty could pose more risk to the fired Forbes editor than any criminal exposure.