FTC: Our probe of Google-Apple boards continues

FTC: Our probe of Google-Apple boards continues

Summary: Google CEO Eric Schmidt has resigned from Apple's board but that won't be enough to curtail a probe by the Federal Trade Commission.In a terse statement, FTC bureau of competition director Richard Feinstein said:“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.

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Google CEO Eric Schmidt has resigned from Apple's board but that won't be enough to curtail a probe by the Federal Trade Commission.

In a terse statement, FTC bureau of competition director Richard Feinstein said:

“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. We will continue to investigate remaining interlocking directorates between the companies.”

Reuters reports that Schmidt's resignation would usually close an FTC investigation of interlocking boards. However, former Genentech CEO Arthur Levinson is on the boards of Apple and Google.

It's likely Levinson will be forced to pick one of the companies.

More on the Schmidt resignation from Apple's board:

Topics: Enterprise Software, Apple, CXO, Google, Legal

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  • Oh and of course we won't mention...

    Former Microsoft executive Steven VanRoekel recently became Managing Director of the FCC.

    And if you seriously believe, given Microsoft's history of planting "ex" executives in positions of influence, that an ex-Microsoftie in the FCC does not raise issues concerning conflict of interest, I know some people with Microsoft stock who'd love to sell their shares to you.
    ITsupportGuy