Google CEO Leaves Apple

From the Washington Post article – 

Apple chief executive Steve Jobs said the company and Schmidt mutually agreed that the Google executive should step down now that competition is heating up between the companies over Internet browser, handheld and computer software.

Jobs said in a news release that Schmidt’s effectiveness on the board, which he has served on for three years, “will be significantly diminished since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest.”

The Federal Trade Commission said that while it commends Google and Apple for “recognizing that sharing directors raises competitive issues,” it is still investigating remaining board ties between the companies. The former chief executive of biotech firmGenentech, Arthur Levinson, also sits on both boards.”

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