toggle

AAPL Stock: 106.98 ( -0.36 )

Printed from http://www.macnn.com

Second Google-connected board member leaving Apple?

updated 01:15 am EDT, Mon September 7, 2009

Apple could be losing another board member

A recent SEC form filed by Apple could be an indication that the company will lose another board member, according to Fortune. The document discloses that Bill Campbell has executed a "non-sale transfer" of 60,000 shares of AAPL stock. The shares, which include Campbell's directors options, are estimated to be worth approximately $17.7 million.

The SEC form does not provide a full explanation of where the shares went, or if he simply exercised the options. Although executives and directors routinely exercise stock options, many of Campbell's holdings were not set to expire for nearly a decade.

Philip Elmer-DeWitt speculates that the number of shares and timing could be an indication Campbell is preparing to resign from Apple's board. The Intuit chairman is also said to be a close adviser to Google's CEO Eric Schmidt. Campbell is not a formal member of Google's board, although he does attend the meetings.

Schmidt recently resigned from Apple's board due to increasing conflicts of interest, particularly following the announcement of Chrome OS. The Google CEO's departure did not put a stop to an FTC investigation, however. Along with Campbell's ties, Arthur Levinson represents yet another link between Apple and Google boards.

Apple's internal guidelines allow for a board with between five and nine members. Analysts suggest that the current COO, Tim Cook, may serve as Schmidt's replacement. Speculation regarding Campbell's resignation remains unconfirmed.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. phillymjs

    Joined: Dec 1969

    +1

    Goodbye, Bill!

    Thanks for continually twisting arms over at Intuit over the years to make sure that the Mac version of Quicken was top-notch and had complete feature parity with the Windows version!

    Oh, that's right, you never did that. Don't let the door hit you in the a** on the way out! You won't be missed!

  1. paulc

    Joined: Dec 1969

    +1

    Finally!

    This guy should have been unceremoniously kicked off the board YEARS ago. Blows me away Jobs has long allowed a very hostile to Macs outfit's head guy sit on Apple's board for so long.

    Oh, maybe not, maybe Campbell was on the board to rubber stamp whatever Jobs wanted... kinda like a lap dog.

  1. Bobfozz

    Joined: Dec 1969

    0

    Won't miss him

    I kept putting off buying Quicken for the Mac (I had it for a pc here) because it really sucked... and the online comments were very negative, all the time!

    If people want a software program that's out there for the Mac and PCs that is good, but has a relatively high learning curve, they should consider MoneyWorks. $600 and no annual s****-you-overs. Tremendously more detailed than anything Quicken was trying to do. And manuals and a support team too!

  1. testudo

    Joined: Dec 1969

    0

    What an idiot!

    Just to show you how bad a decision maker he is, he cashes in his options BEFORE he leaves. Doesn't he understand how well Apple will do once he's off the board???

    Hey, I'll just be happy that I now no longer have to waste my time finding his name on the ballot to mark as 'no'.

    Of course, this is all speculation.

Login Here

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

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bring ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

toggle

Most Commented