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05-08-2009 03:58 PM #1
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Eric Schmidt won't resign from Apple
The US Federal Trade Commission is looking at a possible breach of antitrust laws because Eric Schmidt CEO of Google is also and Apple director. The FTC are concerned that Mr Schmidt could use hos position at both companies to the detriment of companies competing with some of Google and Apple products.
Apple and Google also compete head to head in the browsers and phone operating systems market.
Mr Schmidt told reporters: "If there are issues on competitiveness, I recuse myself."
He also said that it is well established that he leaves the boardroom whenever the discussion has anything to do with the iPhone.
When asked if he had considered resigning given the recent FTC interest, Mr Schmidt replied "it hasn't crossed my mind."
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