Google CEO Resigns From Apple Board

Google boss Eric Schmidt has resigned from Apple's board of directors, with competition in mobile one of the factors.

His departure was described in an Apple statement as a mutual decision.

"Unfortunately, as Google enters more of Apple's core businesses, with Android and now Chrome OS, Eric's effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest," said Apple CEO Steve Jobs.

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