“Google Inc Chief Executive Eric Schmidt said former Genentech CEO Arthur Levinson should stay on the boards of both Google and Apple Inc, despite regulatory scrutiny,” John Poirier reports for Reuters.
“Schmidt said on Friday that Google and Apple easily passed an antitrust test for overlapping board members relating to revenue overlap,” Poirier reports.
“In August Schmidt quit Apple’s board of directors, a move that was seen as helping defuse some scrutiny of their relationship as they compete in some markets,” Poirier reports. “Asked on Friday if Levinson would step down, Schmidt said: “I would hope not… because I don’t think it’s necessary.” Schmidt said he did not step down under any pressure.”
Poirier reports, “At Friday’s conference, Schmidt emphasized the benefits to Google from the iPhone. ‘The iPhone is our largest source of mobile search queries. The iPhone itself is responsible for 30 or 40 times more of our search queries than anything else,’ Schmidt said. ‘So we love the iPhone and we love the apps that drive it.’”
Full article here.
[Thanks to MacDailyNews Readers "Fred Mertz" and "James W." for the heads up.]