Google (GOOG) And Apple (AAPL) Up Against Bogus Antitrust Probe

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By Douglas A. McIntyre Updated Published

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The FTC believes that there may be an antitrust problem because two members of the Google (GOOG) board sit on the Apple (AAPL) board. One of those is Google CEO Eric Schmidt.

The situation is almost certainly not a real problem.

Would Schmidt share trade Apple trade secrets with his staff? Since it would cost him his job and his sterling reputation, it is not likely. Google does not need any extra help to do well. Even if Schmidt passed along information about Apple’s operating system for handsets and its Safari browser, Google competes rather than cooperates with Apple in these businesses.

According to The Wall Street Journal, “The issue is rarely pursued, lawyers say, in part because it is difficult to prove the impact of the overlapping directors.”

Apple and Google have next to nothing to gain by violating antitrust provisions and a tremendous amount to lose.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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