BoardOfDirectors
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Netflix CEO Reed Hastings joins Facebook's Board of Directors
News that Netflix's CEO Reed Hastings is joining the Board of Directors for Facebook should make for an interesting note in the next movie, but beyond that it's unclear what it means for either company. Hastings successfully navigated Netflix through the process of going public which many assume will be a next step for the social media giant, so his experience could come in handy, and also serves on the board of Microsoft, which owns a stake in Facebook. That goes without mentioning plans by Netflix to make another run at integrating social features into its movie service after the original implementation fell apart and Warner Bros. recently offering video on-demand through Facebook. Other than facing a lawsuit from Paul Allen, Netflix and Facebook share an intense public backlash whenever either one changes their homepage, but we're not sure how he could help there -- have you seen the redesigned Netflix.com?
Apple joins Bluetooth SIG board of directors
The Bluetooth Special Interest Group has announced that Apple and semiconductor firm Nordic have both joined the board of directors. Apple is an obvious choice; not only is the company now at the lead of the mobile device industry, but it's also been very faithful to the standard, including Bluetooth in all of the eleventy billion iPhones, iPads, and iPod touches out there these days. [Well, other than the first-gen iPod touch anyway. --Ed] Bluetooth says the confirmation to the board will help push a world of Bluetooth connections between mobile devices forward, bringing together "mobile phones, laptops, tablets, TVs, homes, and even cars [to] soon serve as hub devices to capture data from hundreds of millions of small sensors." That's an ambitious vision, to say the least, but that's what Apple is supposed to help out with while serving on the board.
Ron Sugar wins board member popularity contest
OK, weekend pop quiz! Quick, who's the most popular member of the Apple board with shareholders? Head-scratching allowed, coffee may be taken, think hard, no taking peeks at the illustration or headline here...Well, if you answered 'Steve Jobs', you're probably human. And if you're an anonymous financial institution you answered 'Ronald Sugar.' Since anonymous financial institutions outweigh humans more than two-to-one when it comes to owning Apple shares, the most popular Apple director is, as reported by Fortune's Apple 2.0, Ronald Sugar. The former CEO of aerospace company Northrop Grumman joined Apple in November to replace Jerry York, who died last March and Google's Eric Schmidt, who left in 2009. As you can see from the table taken from the SEC form 8-K filed last Thursday, Steve Jobs was re-elected to the board of Apple with nearly 3.5 million votes less than were cast for Ronald Sugar -- and that, as before, Andrea Jung was the least popular board member. We probably shouldn't read too much into the voting -- 70% of Apple shares are held by financial institutions, and 4.8 million votes were cast against re-electing Steve Jobs to the board at all. chart courtesy of Apple 2.0/Fortune
Sprint execs leave Clearwire board out of an 'abundance of caution'
Well, it looks like Sprint and Clearwire aren't taking any chances when it comes to some of the new antitrust rules now in place. Clearwire has just announced that the three Sprint executives now on its board will be resigning out of an "abundance of caution" -- that includes Sprint CEO Dan Hesse, along with division presidents Keith O. Cowan and Steven L. Elfman. Not many more details than that at the moment, but Sprint does still hang onto the right to appoint members to the Clearwire board, and the four Sprint appointees currently on the board will remain in place. As The Wall Street Journal notes, however, the move would seem to clear the way for Clearwire to potentially make another deal, although no one involved is saying anything publicly at the moment beyond what's in the brief press release after the break.
Arthur Levinson departs Google board amid FTC probe
We kind of doubt the departure of Genentech's former chief executive from Google's board of directors will close all of this out in the FTC's eyes, but if you were curious about the impact of said probe, here's your answer. Just two months after Google's Eric Schmidt peaced out from Apple's board due to a "conflict of interest," Arthur Levinson has left Google's board for presumably the same reason. Schmidt is still obviously fond of Sir Levinson, noting that he has "has been a key part of Google's success these past five years," and while he's exiting the board, he'll "always have a special place at Google." So, now that all of this is cleared up, can we finally move on without worrying that the aforementioned search giant will buy up the world's remaining inventory of dark fiber, fuse into Apple and create a telepathic iPod that would rule the world until the dawn of the Robot Apocalypse?[Via New York Times]
Motorola quietly takes one step away from LiMo, looks to Android for consolation
Man, remember LiMo? Amazingly, there are some 40 handsets on the market today based on the platform, but precisely none of them are boasting a profile as high as any one of the Android smartphones also on store shelves. As Motorola scrambles to re-make itself and prove that its CLIQ is a force to be reckoned with in the burgeoning Android phone sector, the company has also decided to remove itself as a "founding member" of the LiMo Foundation. The company recently noted that the outfit was sliding down to "associate member," stating that "at this time it feels that the Android platform gives it a richer, more consistent foundation with strong support for the ecosystem and developer community." That's a pretty damning statement to our ears, but we won't go so far as to call the breakup between Moto and LiMo official; we're guessing "it's complicated" would be entirely more appropriate here.[Via phonescoop]
CNBC: Eric Schmidt resigns from Apple's board
CNBC has reported this morning that Google CEO Eric Schmidt, right, has resigned from Apple's board of directors after three years. This comes a week after Apple pulled GV Mobile and Voice Central from the App Store and rejected Google's own Google Voice app, along with the uproar and FCC letters that followed. In a press release, Steve Jobs said the following: "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. Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple's Board." Do you think Schmidt stepping down had anything to do with the events of last week? Or, like our own Sang Tang suggested three weeks ago, was this a predictable consequence of Google's move into the OS space with Chrome and continuing competition between iPhone and Android? Let us know in the comments!
Lessons from Marcia Brady: why Eric Schmidt should resign from Apple's board
One of my favorite episodes of The Brady Bunch is "Quarterback Sneak." In it, Marcia starts dating Jerry Rogers, quarterback of the Fairview High School football team. Problem is, Fairview happens to be the rival of Marcia & Greg's Westdale High School, and the two teams are scheduled to play in their annual big game on Saturday.Marcia may not see it (Marcia, Marcia, Marcia never seems to), but it's fairly apparent that Jerry Rogers isn't as concerned about winning Marcia's heart as he is about winning the big game against Westdale.But Marcia has to find this out the hard way, as she always does. The story unfolds in an oh-so-predictable sitcom television manner:Marcia invites Jerry in for a drink of lemonade.While Marcia is preparing the lemonade, Jerry snoops around and takes a look at the Westdale playbook, which happens to be on the coffee table.Bobby, who just got flattened by the teeter totter outside, sees that Jerry is up to no good. Marcia sees none of this. She's too busy preparing lemonade.Bobby and Greg confront Marcia about Jerry's evil, no good do-er ways; Marcia, being Marcia, is obviously in a state of denial and dares Bobby and Greg to prove her wrong. And they did.On their next lemonade date, Marcia sees that Jerry, indeed, could not resist swiping the Westdale playbook. Needless to say, Marcia's crushed.With Google announcing its intention to develop the Chrome OS, Apple has a Jerry Rogers-like situation right now with Google CEO Eric Schmidt sitting on its board of directors. Although Schmidt says there's "no issue" at the moment, the best situation for both parties would be one in which Schmidt relieved himself of his duties on Apple's board of directors.
Dr. Eric Schmidt, CEO of Google, joins Apple's Board
Perhaps that Google iPod wrap was a hint; Apple just announced that Dr. Eric Schmidt, CEO of Google, was elected to Apple's Board of Directors at today's Board of Directors meeting. Steve Jobs was quoted as saying, "Like Apple, Google is very focused on innovation and we think Eric's insights and experience will be very valuable in helping to guide Apple in the years ahead."Google and Apple sitting in a tree? Well, probably not, but if I were in upper management at a certain Redmond based company I would take note of this development.You can look at the membership of Apple's Board of Directors here.
EA gobbles up the rest of Battlefield developer DICE
According to GamesIndustry.biz, "DICE's board of directors has unanimously agreed on a joint merger plan" with Battlefield publisher EA.If all goes well, Digital Illusions CE will become fully owned by the largest 3rd-party publisher in the world when stockholders meet and vote on the measure May 24th. EA already owns two-thirds of the company's shares.Like any large company, EA has bought smaller competitors like Criterion and important industry players like Jamdat to buy its way into new markets and franchises, so this is nothing new. We simply wish DICE the best in the future (with hopefully few future layoffs because of this deal).
