Schmidt resigns from Apple Board
It was always kind of a dubious role Google's CEO Eric Schmidt was in. For years he was part of both the Google board as the Apple board. Today Apple announced that Schmidt is now longer a part of the Apple Board.
“Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful,” Steve Jobs said in the press release. “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.”
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