FIRST: Eric Schmidt resigned from Apple’s board of directors this morning.
SECOND: FCC has released a statement commending Schmidt and Apple’s mutual decision for him to step down (check the quote below)
“We have been investigating the Google/Apple interlocking directorates issue for some time and commend them for recognizing that sharing directors raises competitive issues, as Google and Apple increasingly compete with each other,” said Bureau of Competition Director Richard Feinstein. “We will continue to investigate remaining interlocking directorates between the companies.”
ADD TO THE FACT:
Vice President Al Gore resides on Apple’s board, and he also serves as a senior advisor to Google. And he’s a partner at Kleiner Perkins which has ties to both Apple and Google.
&
Genentech CEO Arthur Levinson remains on the board for both Apple and Google
So....
&
Genentech CEO Arthur Levinson remains on the board for both Apple and Google
So....
Any Ideas how this will end, possible mergers or Apple and Google finally patch things up (Who Knows) . Despite all these problems, its business as usual, I like the fact that Mr. Schmidt step down for the benefit of the company. At the end of the day the greater good of the company out weighs that of the individual.
