PUBLISHING: Malcolm's Last Gift

Malcolm's Last Gift

Publisher Malcolm Forbes, who died at 70 last month, was renowned for extravagant gestures, from hot-air ballooning over China to a $2 million birthday bash in Morocco. Last week Forbes Inc. employees received one last act of largesse from their late boss. In a memo, Forbes' son and successor Steve announced that, in accordance with his father's wishes, all 750 staffers would receive an extra week's pay. Moreover, up to $10,000 in loans from the company to any employee would be forgiven. "As Pop put it, 'Like a lottery, it's pure chance as to who benefits,' " said Steve Forbes.


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