Forbes for President

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Malcolm S. ``Steve'' Forbes Jr. will relinquish the title of CEO of Forbes Inc. to brother Timothy Forbes on Friday. That is the day that he will formally toss his hat into the ring seeking the Republican party nomination for president. Steve Forbes, however, will continue to keep the title of editor-in-chief of Forbes and write his regular editorials, executives said. On the campaign side, the marketing effort is being headed by political strategist John McLaughlin.

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