Google's Eric Schmidt To Leave Apple's Board Of Directors - InformationWeek
IoT
IoT
Mobile // Mobile Applications
Commentary
8/3/2009
08:59 AM
Eric Ogren
Eric Ogren
Commentary
50%
50%

Google's Eric Schmidt To Leave Apple's Board Of Directors

Today, Apple announced that Google CEO Eric Schmidt will resign from his position on Apple's board of directors. The move should quell the growing discontent among shareholders who believed that Schmidt no longer belonged with both Google and Apple.

Today, Apple announced that Google CEO Eric Schmidt will resign from his position on Apple's board of directors. The move should quell the growing discontent among shareholders who believed that Schmidt no longer belonged with both Google and Apple.This morning's announcement shouldn't be too much of a surprise to anyone. People have been calling for Schmidt's resignation from Apple's board for months now.

Why is this a big deal? Well, to put it frankly, Apple and Google -- long partners -- are clearly competitors on many fronts now. Both companies offer Web browsers, mobile operating systems, photo editing software, document, presentation and spreadsheet software, email services and much more.

Schmidt's position at/near the helm of both companies meant he was party to information that could give either Apple or Google a competitive advantage.

"Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful," said Steve Jobs, Apple's CEO. "Unfortunately, as Google enters more of Apple's core businesses, with Android and now Chrome OS, Eric's effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest. Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple's Board."

This news will most likely be met with some relief from shareholders of both companies.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
Digital Transformation Myths & Truths
Transformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll