US FTC Probes Ties Between Apple,Google Boards

Discussion in 'Apple, Inc and Tech Industry' started by TwinCities Dan, May 4, 2009.

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  1. TwinCities Dan macrumors 603

    TwinCities Dan

    May 19, 2008
    Double Parked out front of the Courthouse
    The U.S. Federal Trade Commission has notified Apple Inc. (AAPL) and Google Inc. (GOOG) that it is beginning an inquiry into whether ties between the boards of the two companies is a violation of antitrust laws, the New York Times reported Monday, citing several people briefed on the inquiry.
    Eric E. Schmidt, the chief executive of Google, and Arthur Levinson, the former chief executive of Genentech, are directors of both companies, the newspaper reported on its Web site.
    The Clayton Antitrust Act of 1914 prohibits a person from being on the board of two rival companies if it would reduce competition, although antitrust experts say the provision is rarely enforced, the Web site said.
    Officials at the commission declined to comment, as did spokespeople for Apple and Google, the Times said on its Web site.

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