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MOVING ON: Forbes.com president and CEO Jim Spanfeller is out after nine years, reportedly due to pressure from Elevation Partners, the private equity firm that bought a sizable minority stake in the company from the Forbes family. The news was first reported by Dailyfinance.com Wednesday evening. In a memo to staff Thursday, Steve Forbes wrote, “In the entrepreneurial spirit that Forbes has always championed, Jim will be setting up his own media management company.”
— I.C.
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