Word: schmidts
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...shockingly unsurprising move, Google CEO Eric Schmidt resigned from Apple Inc.'s board of directors today. This was inevitable, since both companies are staking their future growth on the explosion in mobile computing. So why did it take so long...
...Google ads would, presumably, continue to flow. Google would be baked into Android, of course, but it would also be on BlackBerrys and Nokias and Windows Mobile phones. And when the first iPhone went on sale two summers ago, Google apps, including YouTube integration, were core to the experience. (Schmidt even joined Jobs onstage when the first iPhone was announced.) (See the best iPhone applications...
...really makes sense for Google to come out with a free operating system. Google needs to keep the Web humming, and what better way than to ensure that there are plenty of supercheap Web tablets out there? It must be odd these days to be Eric Schmidt. Not only is he Google's CEO, but he's a board member of Apple...
...that something much bigger is at stake here than just paying off debt. "It's just like any family feud, where the arguments drag on and on for no logical reason, and just when you think that you have it sorted out, it flares up again," says Peter Schmidt, who runs a British-based consultancy called Automotive Industry Data. Already, he worries, the fighting "is detrimental to both companies, not just on suppliers and workers but also on the way it's affecting their image in a negative manner...
...Rigas is serving a 20-year term; former WorldCom chief executive Bernard Ebbers, who was 63 at the time of his sentencing, was given 25 years; and former Enron chief executive Jeffrey Skilling got 24 years. In April 2008, a federal judge in Colorado sentenced 72-year-old Norman Schmidt to 330 years for using money from his investment scheme to purchase properties near Aspen and eight NASCAR race cars, among other items. Similar to Madoff's scheme, Schmidt's firm would send investors fraudulent monthly statements claiming big returns on their investments and urged them to contribute more cash...