Business

Time online boss resigns

An executive once pegged as a rising star on the digital side of Time Inc., submitted his resignation yesterday.

As the publisher of People, Time and Sports Illustrated gets ready to chop 540 people from the payroll, Vivek Shah stepped down as president of the News & Business Digital operations. In that job, he supervised the digital businesses of Time, Sports Illustrated, Golf and CNNMoney.com.

His position won’t be filled.