Hot Apple Turnover Hold The Google
In an interesting, but not shocking, corporate governance development, Google CEO Eric Schmidt announced this week that he is stepping down as a director of Apple’s eight-member board. It is not merely coincidence that the news follows Google’s June announcement of the company’s development of ChromeOS–a laptop operating system–edging it closer to Apple’s core business of laptop and desktop technology. In fact, the Federal Trade Commission (FTC) has already raised an eyebrow at the inter-corporate nature of the board and any potential consequences of limiting competition....