toggle

AAPL Stock: 131.42 ( -0.36 )

Printed from http://www.macnn.com

Apple board set to meet on Schmidt replacement

updated 11:35 am EDT, Fri August 14, 2009

AAPL board to talk Schmidt

Apple's board of directors will meet on Tuesday in order to suggest replacements for Google CEO Eric Schmidt, claims a source contacted by the Wall Street Journal. Schmidt resigned from the Apple board earlier this month amidst growing conflicts of interest, which were ultimately capped by the announcement of Chrome OS. The Federal Trade Commission has been investigating links between Apple and Google's boards, which go beyond Schmidt to Genentech chairman Arthur Levinson.

While many corporations share directors, it is illegal for a pair to do so when they also operate in the same areas. Prior to his resignation, Schmidt voluntarily avoided any board meetings in which the iPhone was discussed. Google does not make any cellphones, but the company is responsible for creating the Android mobile platform.

Apple's internal rules allow it to have between five and nine board members, and in Schmidt's absence the company is down to seven. It is uncertain who may be tapped to replace Schmidt, but past sources have hinted that Apple's own COO, Tim Cook, could be put forward as a candidate. The only other Apple executive on the board is CEO Steve Jobs.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softb ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Leitz Icon Label Printer

When you say the words "label printer" to people, they either just really don't care, or they get incredibly excited. This is one o ...

toggle

Most Commented