Google CEO Joins Apple Board

Apple (AAPL Quote - Cramer on AAPL - Stock Picks) named Google (GOOG Quote - Cramer on GOOG - Stock Picks) chief Eric Schmidt to its board.

"Eric is obviously doing a terrific job as CEO of Google, and we look forward to his contributions as a member of Apple's board of directors," said Steve Jobs, Apple's CEO. "Like Apple, Google is very focused on innovation, and we think Eric's insights and experience will be very valuable in helping to guide Apple in the years ahead."

"Apple is one of the companies in the world that I most admire," said Schmidt. "I'm really looking forward to working with Steve and Apple's board to help with all of the amazing things Apple is doing."