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Jobs On Removing Eric “Fox” Schmidt from the Apple Hen House

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.
via apple.com

This quote from Steve Jobs glosses wonderfully over what must have been some really tense moments over the last year.

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