Bono takes 40 per cent stake in 'Forbes' magazine

Karmadillo

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Tue Aug-08-06 11:56 AM
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Bono takes 40 per cent stake in 'Forbes' magazine

Article notes he's not expected to have any direct role in management or editorial running of the company.

http://news.independent.co.uk/world/americas/article1217552.ece

Bono, the Irish rock star and anti-poverty campaigner, has taken on yet another role, this time as a co-owner and co-publisher of Forbes, the American business magazine which for almost 90 years has unabashedly celebrated wealth and capitalist consumption.

Members of the Forbes clan, including the former presidential candidate Steve Forbes, confirmed that they had sold a significant minority stake in their company, Forbes Media, to an American-based equity fund called Elevation, in which Bono, the front man of U2, is one of six partners.

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Pithlet

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Tue Aug-08-06 11:59 AM
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1. Duplicate.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2443148

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