What blew me away about this news is the revelation that Corbis hasn’t turned a profit since it was founded -- nearly 20 years ago.
“Shenk was promoted to the CEO role in July and charged with turning around privately held Corbis, which has not posted a profit since Microsoft Corp Chairman Bill Gates founded the company in 1989.”
Hmmm, the phrase "viable business model" comes to mind, but I guess it’s rendered meaningless by words like "bajillionaire" and "pet project."
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