http://www.appleinsider.com/articles/09/08/03/google_chief_steps_down_from_apples_board_of_directors.html

"As Google continues to encroach on Apple's businesses with Android and Chrome OS, the company's CEO, Eric Schmidt, has resigned from the Apple Board of Directors, it was announced Monday.

Schmidt has served on the board since August of 2006. Speculation arose earlier this month that the unveiling of Google's new operating system, Chrome OS, might force the company's chief executive to resign. Monday, that prediction came true."

Steve Jobs said:

"Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful," said Steve Jobs, Apple's CEO. "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."