Hotline: Corbis chief executive to step down

The Corbis chief executive, Steve Davis, is to step down after 14 years at the company, ten of them as its chief executive. Gary Shenk, the Corbis president, will assume his role. The Corbis chairman, Bill Gates, said: "Steve's vision, entrepreneurial skills, industry leadership and global management capabilities have transformed Corbis from one of the earliest internet start-ups to a global brand."