Tag: Interlocking directorates

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With some exceptions, Section 8 of the Clayton Act prohibits the same individual from serving as an officer or director of two competing corporations. Like other portions of the forward-looking Clayton Act (including Section 7 with its proscription on mergers that are likely to harm...
On October 12, 2009, Google announced that Arthur D. Levinson, the former Chief Executive Officer of Genentech and a member of the corporate boards of both Google and Apple, is stepping down from Google’s board. Earlier in the year, Apple announced that Eric E. Schmidt, CEO of Google, who had also...