Why? He seems to be a nice guy.
There are many rumors that he will be voted into the board anyway.
I was just kidding. I have no idea who he is. I was just saying what people would say.
Why? He seems to be a nice guy.
There are many rumors that he will be voted into the board anyway.
Forgotten? It's everywhere!interesting. if it is anything like "Google's release of it's Android mobile phone" then i see no reason that he should step down as it will also be quickly forgotten![]()
Forgotten? It's everywhere!
Let's be honest, Apple's board is not your typical Fortune 500 board. While Apple's board members are qualified and well respected in their own industries, they serve as almost figureheads with Jobs and company running the show.
"The Clayton Antitrust Act of 1914 prohibits a person’s presence on the board of two rival companies when it would reduce competition between them."
That's not what's happening here. If anything, it's spurring competition since Google offers a WebKit browser, a phone operating system and a browser-based netbook operating system.
The only group that should concerned with Schmidt's role is shareholders. And they would only be concerned if Schmidt was actively trying to prevent Apple from moving into spaces that Google already competes in.
Obviously, that's not happening. It's not as if Schmidt or any other board member (other than Jobs) dictates company direction or product development. Schmidt serves on Apple's board simply because Steve Jobs wants him to. While I'm sure he acts as an adviser, his main role is essentially symbolic.
Move along FTC.
My thoughts exactly. A great, free primarily Windows alternate best suited for certain uses and / or hobbyist. No significant threat to Windowa or Mac OS.i have nothing against Google and i hope they are successful but my guess it will become linux like. meaning it can be great and very useful and free all at once but will most likely not become any competition for windows or apple.
I know it may not be the best place for it, but I am currently studying for the bar exam and found this topic very interesting. Here are some basic tenants of the law of corporations. In actuality, as a member of a board of directors, Schmidt may owe more duty/loyalty to Apple than his own company.
Duty of Care
"A director owes the corporation a duty of care. He must act in good faith and do what a prudent person would do with regard to his own business."
Duty of Loyalty
"A director owes the corporation a duty of loyalty. He must act in good faith and with a reasonable belief that what she does is in the corporation's best interest."
Some key examples of breaching a duty of loyalty is an interested director transaction (probably not applicable), Competing Ventures, and corporate opportunity. A director cannot usurp a corporate opportunity through a competing venture or exploiting a corporate opportunity. If he does, the corporation is entitled to the profits from that breach of the duty of loyalty.
So, whether or not people think Chrome OS/Android are wise/feasible ventures, it's clear that the overlap is a major problem for Schmidt, and, in turn, Google. He has a responsibility to step down from the board of Apple or Apple's shareholders have a responsibility to kick him out. If neither happens, perhaps Apple could go after the profits from the ventures or the Justice Department could do the antitrust dance, as others have suggested.
i learned that if you like the freedom of linux but at the same time often want something to just work without repositories or command lines then OS X is the only solution as it to me is kinda like linux on steroids.
At the rate they are going Schmidt can sit on discussions/decisions relating to the iPod, Mac hardware (laptops/desktops), general financial issues and not a whole lot more, and this is assuming that neither company actually has hidden conflicts due to potential products we are not aware of.
I would say that if there is not enough there to cause a true conflict on interest, if i were an Apple shareholder I would at least question whether or not Schmidt should continue to be paid as his current level of compensation or not. With as much recusing as would seem to be needing to do, he should at least take a pay cut to remain on the board as the shareholders are not getting the full value for money.