Statement of Bureau of Competition Director Richard Feinstein Regarding the Announcement that Google CEO Eric Schmidt Has Resigned from Apple’s Board

On August 3, 2009, Apple announced that Eric E. Schmidt, Chief Executive Officer of Google, was stepping down from its board. “We have been investigating the Google/Apple interlocking directorates issue for some time and commend them for recognizing that sharing directors raises competitive issues, as Google and Apple increasingly compete with each other,” said Bureau of Competition Director Richard Feinstein. “We will continue to investigate remaining interlocking directorates between the companies.”

The FTC’s Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the Commission take law enforcement action. To inform the Bureau about particular business practices, call 202-326-3300, send an e-mail to antitrust@ftc.gov, or write to the Office of Policy and Coordination, Room 394, Bureau of Competition, Federal Trade Commission, 600 Pennsylvania Ave, N.W., Washington, DC 20580. To learn more about the Bureau of
Competition, read “Competition Counts” at http://www.ftc.gov/competitioncounts.

IR Press

Share
Published by
IR Press

Recent Posts

TSX Delisting Review – Antibe Therapeutics Inc. (ATE)

TMX Group Limited and its affiliates do not endorse or recommend any securities issued by…

1 day ago

G7 Cyber Expert Group Conducts Cross-Border Coordination Exercise in the Financial Sector

WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024.…

2 days ago

Treasury Designates Iranian Cyber Actors Targeting U.S. Companies and Government Agencies

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

2 days ago

U.S. Targets West African Hostage Takers

Sanctions Target the Jama’at Nusrat al-Islam wal-Muslimin Terrorist GroupWASHINGTON — Today, the U.S. Department of…

2 days ago

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Minister of Finance Wale Edun of the Federal Republic of Nigeria

WASHINGTON – On Friday, U.S. Deputy Secretary of the Treasury Wally Adeyemo met with Nigerian…

4 days ago

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Minister of Treasury and Finance Mehmet Şimşek of Türkiye

WASHINGTON – Yesterday, Deputy Secretary of the Treasury Wally Adeyemo met with Turkish Minister of…

4 days ago