Schmidt: Google-Apple board member should stay put
Google Inc Chief Executive Eric Schmidt said former Genentech CEO Arthur Levinson should stay on the boards of both Google and Apple Inc, despite regulatory scrutiny.
Schmidt said on Friday that Google and Apple easily passed an antitrust test for overlapping board members relating to revenue overlap.
“Google and Apple are well below” that percentage, Schmidt told a conference hosted by the Atlantic and the Aspen Institute.
Google, the No. 1 Internet search company in the United States and Apple, the maker of the iPhone and Mac computers, find themselves competing on a number of fronts, including operating systems and the fast-growing smartphone market.
The two had long been seen as allies against Microsoft Corp’s tech dominance.
original post @ Reuters