Google CEO Resigns From Apple Board, Citing ‘Overlap’

August 3, 2009

US (ChattahBox) – Eric Schmidt, the CEO of Google, has resigned from his position on Apple’s company board after allegations of anti-trust violations. Schmidt, who joined Google in 2001, has served Apple’s board since August 2006.

Schmidt’s resignation comes as Google begins to compete more directly with its longtime ally Apple. Schmidt had recused himself from portions of Apple’s board meetings when conflicts of interest or anything Google-related arose. But lately Schmidt has had to leave much larger portions of the meetings after Google announced last month that it would enter the operating system market.

You may also remember a story back in May about an investigation by the Fed into the position of a few key company members doubling in other company boards between Google and Apple.

Eric Schmidt had caused controversy after it was found that he operated on both ends, creating an overlap between the Google and Apple that many said violated anti-trust policies, and created an unfair monopoly, where both companies could dominate by securing their interests.

But now Eric Schmidt has resigned from Apple’s board, and is once again just the CEO of Google. Arthur Levinson, the other board director, is still in his position, and has released no plans for resignation.


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One Response to “Google CEO Resigns From Apple Board, Citing ‘Overlap’”

  1. Google CEO Resigns From Apple Board, Citing ‘Overlap’ - Chattahbox.com | Review Google Cash Sniper on August 3rd, 2009 11:55 am

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