So when is Parker Brothers going to rename Park Place Google Place, and Boardwalk Applewalk, right?
In your latest Silicon Valley monopoly update, Google CEO Eric Schmidt steps off the Apple board under heat from antitrust regulators. The FTC had been probing whether Schmidt’s role on the board violated the rarely-enforced section 8 of the Clayton Act, which prohibits competitors from sitting on each other’s boards. That’s to prevent them from fixing prices or dividing up the market.
At first Schmidt was defiant, saying Google and Apple’s products didn’t overlap enough for the two to be competitors. But with the introduction of Chrome OS, Google’s new operating system, the two now compete on phones (iPhone and Google Android) on browsers (Chrome and Safari) and operating systems.
Legal Pad called up Sam Miller, the veteran antitrust lawyer at Sidley Austin, to get his take. The only thing that surprised Miller about the resignation was that it didn’t come sooner.
We are shocked, shocked to find the appearance of conflict … after the jump.