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Bob Iger withdraws from Apple's board as Disney becomes competitor

Apple (AAPL) On Tuesday, the company announced the price and features of the new TV + Netflix (NFLX) competitor. $ 4.99 a month, less than $ 2. Disney (DIS) Disney + streaming product coming soon. Both TV + and Disney + stream original TV shows and movies to subscribers.
Disney CEO Bob Iger resigned from Apple's board of directors on Friday.
It is common for executives to withdraw from the board of directors when the company performing the business competes with the company. And as the regulatory scrutiny of Silicon Valley generally heats up, it seems to be a good time for both sides to move on partially. Apple's board of directors previously noted the Federal Trade Commission's relationship with competitors. Former Google CEO Eric Schmidt resigned from Apple's board in 2009 as Google's Android allowed it to compete with Apple's iPhone.

In Apple's previous regulatory filing for Eiger, the company noted that Apple had started an "arm-length commercial deal" with Disney, including a content licensing agreement. Apple did not think Eiger had "material, direct or indirect interests" in the negotiations.

Eiger has served on Apple's board of directors since November 2011, a month after the death of former Apple CEO Steve Jobs.
At Apple, Iger was chairman of the company governance board and worked on the compensation committee. He is one of the highest paid CEOs in the world. Last year, Disney's total compensation was $ 65.6 million. Eiger has long been accused of his high wages, including Disney's heir Abigail Disney, who spoke about the rewards of almost kids.

Eiger received $ 125,000 in salary and $ 250,000 to serve on the Apple Board. At the end of last year, Eiger held $ 11 million worth of Apple stock.

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