In the wake of recent Google Apple & AT&T News, it has been long time coming unfortunately. Finally Schmidt has stepped down from Apple’s Board.
The resignation of Google’s Eric Schmidt as a director of Apple’s board has failed to halt a government inquiry into possible antitrust violations.
Mr Schmidt stepped down because the search giant’s business increasingly competes with Apple’s.
The Google CEO recused himself when Apple’s board discussed the iPhone.
In a statement the Federal Trades Commission said “we will continue to investigate remaining interlocking directorates between the companies”.
“We commend them for recognising that sharing directors raises competitive issues, as Google and Apple increasingly compete with each other,” said the FTC’s Bureau of Competition director Richard Feinstein.
