08/14, 11:35am
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.
more
08/07, 9:20am
Schmidt's Apple pay
Google CEO Eric Schmidt declined to take normal pay during his tenure on the Apple board of directors, according to SEC documents. Apple proxy filings submitted between 2007 and 2009 show that Schmidt took home only $8,712 in Apple products, plus a "commemorative gift" worth $7,580. To compensate for tax penalties on the gift, he was given another $14,631.
more
08/03, 5:10pm
AAPL, GOOG probes proceed
The resignation of Eric Schmidt from Apple's board of directors will not put to rest a Federal Trade Commission investigation, says the group's Bureau of Competition director, Richard Feinstein. Apple announced Schmidt's departure early Monday morning, citing the existence of Chrome OS as a potential conflict of interest. It is illegal for two US companies to share directors when they are also nominally competing in the same field.
more
05/08, 11:10am
Schmidt on FTC probe
No plans exist to resign from Apple's board of directors, in spite of an investigation by the Federal Trade Commission, says Eric Schmidt. The Google CEO spoke to reporters in advance of the company's shareholders meeting, the Associated Press writes, defending himself against suggestions that his participation in Apple may violate antitrust laws. The Clayton Antitrust Act prevents someone from serving on two boards if it may hinder competition.
more
05/04, 11:40pm
FTC looks at AAPL and GOOG
The Federal Trade Commission has initiated an investigation surrounding ties between board members at Apple and Google, according to the New York Times. Google CEO Eric Schmidt and former Genentech CEO Arthur Levinson hold positions as simultaneous board members of both companies. Unnamed sources familiar with the matter claim Apple and Google have been notified by the commission that an antitrust inquiry has begun.
more
02/25, 3:35pm
Apple board re-elected
Choosing at an annual meeting, Apple shareholders have voted to re-elect all members of the company's current board of directors. These include Al Gore, Intuit CEO Bill Campbell, J. Crew CEO Millard Drexler, Avon CEO Andrea Jung, Genentech head Arthur Levinson, Google CEO Eric Schmidt, and Harwinton Capital leader Jerome York. Most critical may be the re-election of Apple's own CEO, Steve Jobs, who together with the rest of the board will serve for at least one more year.
more
01/08, 10:00am
Apple 2009 proxy statement
Apple has posted an online edition of its 2009 proxy statement, as required by the Securities and Exchange Commission. The document lays down the plan for the company's annual shareholders' meeting, which is scheduled for February 25th at 10 AM Pacific time, inside Building 4 of the Cupertino headquarters. Investors are being asked to re-elect Apple's current board of directors, which aside from CEO Steve Jobs includes seven others such as Al Gore and Google CEO Eric Schmidt.
more
06/11, 7:50pm
Schmidt talks about Apple
Google CEO and Apple board member Eric Schmidt on Wednesday offered his point of view as Apple and Google's wireless strategies are set to compete later this year when the latter company's Android mobile platform sees store shelves through various mobile manufacturers. According to MarketWatch, Schmidt notes that while both companies share common goals in the wireless market, his role at Apple has not compromised by plans for Android, "so far."
more
