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Apple's CEO Should Leave Nike's Boardroom

A conflict of interest is brewing in wearable computing.

By Rick Munarriz – May 30, 2013 at 6:30PM EST

Apple (AAPL +1.66%) CEO Tim Cook is once again dodging questions about wearable computing beyond calling it an area of "incredible interest" for his company. However, he had no problem showing off Nike's (NKE 0.16%) FuelBand that he has been wearing since early last year. Cook even sits on Nike's board.

In this video, longtime Fool contributor Rick Munarriz argues that Cook's presence on Nike's board may be creating a conflict of interest when it comes to wearable computing. Google's (GOOG 0.07%) Eric Schmidt left Apple when he rightfully sensed a growing conflict of interest between the two tech titans. It could be time for Cook to follow suit with Nike's boardroom.

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About the Author

Rick Munarriz
Rick Munarriz is a contributing Motley Fool stock analyst and long-time contributor to the company’s free offerings and premium investing services, including Rule Breakers and Supernova. He has analyzed stocks across media and entertainment, retail and restaurants, and emerging technologies for The Motley Fool for 30 years. Rick holds an MBA from the University of Miami, once traveled the country with his band Paris By Air, and on weekends he can be seen on stage at Just The Funny theater in Miami as an improv comedy performer and co-owner. He is a regular guest on CNBC, Fox Business, BBC, and NPR for his expert stock analysis. He lives with his family in Miami and Celebration, Florida.
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Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Apple, Google, and Nike. The Motley Fool owns shares of Apple, Google, and Nike. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

Apple Stock Quote
Apple
NASDAQ: AAPL
$292.22
(+1.66%)+$4.78
Nike Stock Quote
Nike
NYSE: NKE
$44.35
(-0.14%)-$0.06
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$397.72
(-0.07%)-$0.27

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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