It has been announced recently that Dr. Eric Schmidt, currently the CEO of Google, is joining Apple’s Board of Directors. Boards are responsible for overseeing management, protecting shareholder interests and overall strategy.
The move has been hailed as a signal of future partnership between Google and Apple in their joint fights against Microsoft. I have to admit it basically looks that way to me too. I would even go so far as to say a Google-Apple alliance poses the biggest threat to Microsoft’s continued dominance on the desktop, ever.
I’ve always wondered why some Boards have an even number of members, what with the possibility of vote tying. They must have some other method of resolving those situations when they inevitably crop up.
Steve Jobs is obviously an exception to most rules, but it’s rare to see someone in management on the Board in a public company, because of the inherent conflict of interest. I think Jobs is invested in Apple long-term though, so that’s no doubt why he gets away with it.