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October 12th, 2009

Google-Apple boards of directors no longer linked

Posted by Larry Dignan @ 7:43 am

Categories: Apple, General, Google, Government

Tags: Google Inc., Board, Apple Inc., Corporate Governance, Business Operations, Corporate Law, Larry Dignan

The last remaining tie between the boards of directors at Google and Apple has been severed with the resignation of Arthur Levinson.

In a statement (Techmeme), Google said Levinson, Chairman Genentech, will resign from the search giant’s board effective immediately. Why is that important?

The Federal Trade Commission had been examining interlocking boards between Apple and Google. When Google CEO Eric Schmidt resigned from Apple’s board it removed half of what got the FTC interested in the first place. Indeed, the FTC remained interested in the interlocking Google-Apple boards. Levinson used to be on both the Apple board and Google’s.

Now it appears that Levinson will only be on Apple’s board. Levinson served on Google’s board since 2004.

Also: It’s official: Google and Apple are competitors (especially in mobile)

Larry DignanLarry Dignan is Editor in Chief of ZDNet and Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.

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  • Talkback
  • Most Recent of 3 Talkback(s)
Themselves
It is the Board's responsibility to run the company ethically for the benefit of the stockholders. Unfortunately, a broader view of capitalism beyond "shove as much in my own pocket as quickly as I c... (Read the rest)
Posted by: just1opinion Posted on: 10/13/09 You are currently: a Guest | | Terms of Use
Thats a very interesting situation  Been_Done_Before | 10/12/09
It depends on who they are steering it for  GuidingLight | 10/12/09
Themselves  just1opinion | 10/13/09

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