Google’s Schmidt Answers Antitrust Challenges

imageGoogle (NSDQ: GOOG) has been hit with two antitrust inquiries in recent weeks — one looking into its book settlement with publishers and another examining an overlap in membership between its board and Apple’s. CEO Eric Schmidt responded at a press conference ahead of the company’s annual meeting in Mountain View. (Via several sources.)

— Re FTC probe into whether overlap among the directors of Apple (NSDQ: AAPL) and Google is an antitrust violation (Schmidt is one of two directors on both boards): Schmidt said Thursday he hadn’t considered stepping down from Apple’s board because he didn’t believe the company is a major competitor.

— Re the book probe (libraries are worried that Google could have overwhelming control over access to