Elias Kornfeld, called Whelan to say that her health articles are vetted by a Medical Review Board.

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"Profits were under pressure, " notes Warren Kornfeld, managing director and co-head of residential mortgage backed securities at Moody's, of the subprime sector.

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The magazine has lost political clout, but it still reaches the elite, says Henning Kornfeld of the Kress Report, which studies the media.

ECONOMIST: A brave tale of journalists who sacked their editor

The big shock:Irwin Jacobs named his son, then age 32 and with all of five years of experience in the working world, to run the new venture, passing over Richard Kornfeld, a senior manager, who quit shortly afterward.

FORBES: Magazine Article