from The Wall Street Journal
Apple announced that Eric Schmidt, CEO of Google, is resigning from Apple's board, a position he has held since August 2006.
In a statement, Apple CEO Steve Jobs said that "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."
In May, Schmidt said he had no plans to resign from Apple's board, despite reports of a federal inquiry into whether board ties between the companies violate antitrust laws.
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