News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
GET RECOGNIZED
Let an ISACA® certification elevate your career.
Register today and save
You are here: Home / Apple/Mac / Meet Tim Cook for Coffee, Just $190K
DDoS Protection Powered By Verisign
Meet Apple's Tim Cook for Coffee, Just $190,000 -- or More
Meet Apple's Tim Cook for Coffee, Just $190,000 -- or More
By Jennifer LeClaire / NewsFactor Network Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
APRIL
25
2013


Despite all the talk of replacing Apple CEO Tim Cook over the past few days, it nevertheless appears many find his time uber-valuable. A coffee date with the tech exec will cost someone $190,000 (or more) -- all in the name of charity.

An online auction site called Charitybuzz is inviting Apple fans -- or anyone else with a taste for coffee and an interest in chatting with Cook -- a chance to bid on the coffee date. Cook will sit down with the winner for a full hour, and Apple is providing the coffee.

Price Is Right

As of the time of his writing, the bid is $190,000 for "Coffee with Apple CEO Time Cook at Apple Headquarters in Cupertino, California." On Thursday afternoon there were 54 bids. The bidding started at $5,000. The estimated value of the Cook coffee date? $50,000, according to Charitybuzz.

Auction proceeds will go to The RFK Center for Justice and Human Rights. There are 19 days left to bid. When you read the fine print, you find out the actual coffee date will last between 30 minutes and an hour. The winner cannot resell or re-auction the coffee date, and the deal expires one year after the close of the auction.

The winner doesn't get to pick just any date and time. The terms state that it must be "scheduled at a mutually agreed upon date." Travel and accommodations are not included, but anyone willing to spend $200,000 or more for a coffee date probably isn't worried about travel expenses. The winner also has to undergo a security screening.

"We expect all winning bidders and their guests to conduct themselves appropriately when attending an experience won at Charitybuzz," the terms read. "Polite manners and respect for the generous donor and adherence to any rules or parameters are a must."

Will Cook Leave Apple?

"People must really be upset with Tim that they are willing to spend that much money to give him a piece of their mind," joked Rob Enderle, principal analyst at the Enderle Group. "But seriously, he is still running a very iconic company. Celebrities do things like this every once in awhile and CEOs in the Valley have done this on and off. It's great for charity and it doesn't cost Apple any money."

With regard to Enderle's quip about some folks being upset with Cook, the board may be looking to replace him. Enderle is one who believes Cook plans an exit soon. That, he said, is because Cook has pumped up the stock price, which will only hold for a short time. If the winner doesn't collect his or her coffee date soon, then, he may be chatting with Apple's former CEO.

"Cook didn't do much to address any of the problems Apple has. With what he's done with the current programs, Apple will be much weaker than it was when it started. But the stock price should be higher, and clearly, he holds a lot of stock," Enderle told us. "It's typically when a CEO leaves they are expected to divest themselves of their stock. The stock has lost so much value in the last couple of months, I'm sure the board is looking for a change."

To bid or check the latest bidding price for coffee with Tim Cook, see Charitybuzz.

Read more on: Apple, Tim Cook, Charity, Celebrities
Tell Us What You Think
Comment:

Name:

Jayne:

Posted: 2013-05-06 @ 10:37am PT
Wow, I hope Apple will come up with greater ideas more in the upcoming future.

Sue:

Posted: 2013-04-27 @ 9:59pm PT
Wow... as of Saturday night (4/27), there have been 85 bids and the bidding price has reached $605,000!! It will be interesting to see where it ends up.

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.
MORE IN APPLE/MAC
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dairy Queen Latest Retailer To Report Hack
Dairy Queen is known for its hot fries and sweet treats, but it just made cyber history as the latest victim of a hack attack. The fast food chain said that customer data at some stores may be at risk.
 
Lessons from the JPMorgan Chase Cyberattack
JPMorgan Chase is investigating a likely cyberattack. The banking giant is cooperating with law enforcement, including the FBI, to understand what data hackers may have obtained.
 
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 

Enterprise Hardware Spotlight
HP Previews ProLiant Gen9 Servers
Because traditional data center and server architectures are “constraints” on businesses, HP is releasing new servers aimed at faster, simpler and more cost-effective delivery of computing services.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 
Alert: HP Recalls 5 Million Notebook AC Power Cords
HP is recalling about 5.6 million notebook computer AC power cords in the U.S. and another 446,700 in Canada because of possible overheating, which can pose a fire and burn hazard.
 

Mobile Technology Spotlight
Apple Sets Sept. 9 Event: iPhone 6, iWatch on Tap?
Save the date. Apple formally announced that its long-anticipated “special event," will take place on September 9. Does the tech giant have the iPhone 6, and the iWatch up its sleeve?
 
Samsung's New Smart Watch Makes Calls Without Phone
Following up on the Gear 2, Samsung has unveiled a new 3G smart watch, the Gear S, that stands out in its ability to make phone calls and send text messages without a smartphone.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.