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Google CEO Joins Apple's Board

Posted by ryuzaki0 on from the inquiring-minds-wanna-know dept.

Phooey42 writes "AppleInsider is reporting that Google's CEO, Eric Schmidt, has been approved to join Apple's board of directors, bringing the board's total head-count up to eight. From the article, 'Schmidt also sits on Google's board of directors and Princeton University's board of trustees. He joins other Apple board members that include: former Vice President of the United States, Al Gore Jr.; President and CEO of Harwinton Capital, Jerry York; Chairman and CEO of Genentech, Arthur Levinson; Chairman and CEO J. Crew, Millard Drexler; Chairman and former CEO of Intuit, Bill Campbell, former CFO of Apple, Fred Anderson; and Apple CEO, Steve Jobs.'"

3 of 104 comments (clear)

  1. What's up with CEO's serving on boards? by aeoo · · Score: 0, Flamebait

    I think this practice should be illegal. Currently it seems quite common for various CEO's and other execs to be involved in many many companies. I think that's insane.

    This allows for an insane power concentration and it also solidifies and protects the "old boys club". That's not something we should stand for as people and citizens. If someone is involved in one company, it should be illegal to be involved in another. Any time power concentrates it's bad for the people.

    Power should be well distributed and diffused.

    1. Re:What's up with CEO's serving on boards? by jcr · · Score: 1, Flamebait

      I think this practice should be illegal.

      Oh, for fuck's sake. Thank goodness that legislation takes more than one pig-ignorant prat's decree.

      Currently it seems quite common for various CEO's and other execs to be involved in many many companies. I think that's insane.

      Then don't buy the shares of those companies. The companies are owned by their shareholders, not by you. If you don't like it, then buy 51% of the authorized shares, and vote the management out.

      If someone is involved in one company, it should be illegal to be involved in another.

      I am so glad that someone like you will never be involved in the management of any publicly-traded corporation.

      -jcr

      --
      The only title of honor that a tyrant can grant is "Enemy of the State."
  2. No minorities by Shivetya · · Score: 0, Flamebait

    Does not appear to be any minorities on the board at Apple.

    Not saying that there should be, just using google for images on the names resulted in none being obvious.

    --
    * Winners compare their achievements to their goals, losers compare theirs to that of others.