Charity Auction Bids for Coffee With Tim Cook Pass $500,000

[Old Muley]

Anyone want to have lunch with me for 1/10 of 1% of the final bid?

 

[HarryKeogh]

Obviously some people have too much money.

Yep. And they're giving over $500,000 of it to a charity. It's a good thing.

 

[Shrink]

Obviously some people have too much money.

True...but at least in this situation the money is going to help others.

IMO, not a bad way to spend the too much money.

(Yes, yes...I know it's a tax write-off. It's still a laudable act.)

 

[imac abuser]

Coffee **** you should get his car and a weekend with Steve Job's wife for that kinda money.

 

[Gym Hellwig]

I bet most of the bids are fake. No way would somebody spend that for 30 minutes of coffee. Not a chance.

 

[M-O]

that's nuts. you could have coffee with all three CEOs of Samsung for about half that price. of course, the coffee isn't as good and they only speak broken English...

 

[AppleMark]

How many people have been CEO of a company as successful as Apple? There is value in that experience.

Coffee with Gil Amelio anybody?

Maybe if it was Jobs I could see someone doing this just to meet a man who built a company like Apple, but Cook?

I don't see how it's worth it at all.

The estimated value was $50,000, that seems more reasonable.

Yeah, not like he is Bill Gates! With my last comment in mind, I am really glad that they removed down voting..

The point is to give money to charity, the fact that you get to meet CEO of Apple is just a token benefit.

Yes..and no. Because all the list of bidders could do this now right now if they wanted to, which I doubt very much they would without any kudos of fanfare.

It is about the bidder and Apple raising their profiles (advertising) artificially through getting people to pay ridiculous amounts of money in the process. Think App Gratis!!!

 

[nagromme]

If that's what it costs for coffee with Tim Cook, then just pay it. I've seen how people are without their coffee.

 

[ilmman]

I bet most of the bids are fake. No way would somebody spend that for 30 minutes of coffee. Not a chance.

Yet maybe the bidder has a chance of sealing a deal that would generate their company billions. So 500k really isn't that much for a well established company looking to expand or something

 

[apple.net]

Maybe the guy is determined to take whatever cost to face Tim and give him a punch.

 

[briansolomon]

Seinfeld should be on hand for this.

Nerds at Apple Getting Coffee?

 

[Schmitty11]

Note to self: Don't jokingly place a billion dollar bid while drunk...

 

[TimTheEnchanter]

I know who danmcq is...

 

[gnasher729]

That's crazy, there's no way meeting with a CEO (any ceo) is worth that much money.

If I was very, very rich (I'm not) and if I was giving major amounts of money to charity ever year (I'm not) I'd surely look around where I can get something out of it. And coffee with Tim Cook would be a nice choice.

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that's nuts. you could have coffee with all three CEOs of Samsung for about half that price. of course, the coffee isn't as good and they only speak broken English...

If you are a Korean minister, you probably get paid

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Anyone want to have lunch with me for 1/10 of 1% of the final bid?

Pictures please

And you are not quite saying who would be paying...

 

[laflores]

Funny how it's a win-win situation for Apple. They will donate to the charity and they won't use their money.

I hope Apple doesn't take a 30% of the final price...

 

[cire]

I hope Apple doesn't take a 30% of the final price...

Hmmm....and today they add disclosures of in-app bidding. Is danmcq some 6-year-old with his daddy's iPad?

 

[gnasher729]

Do you know what a write-off is?

Say you donate $10,000 to some cause. That actual money has to come out of your bank account. You lose that ACTUAL money.

Come tax time, say you made $50,000. You no longer have to pay taxes on $50,000, but instead $10,000 less than that, which is $40,000. Say your tax rate is 15%. Instead of paying $7,500 in taxes, you'd pay $6,000 in taxes.

So, this $10,000 is actually costing you $8,500 if you count the benefits of a tax write-off. It's not FREE.

There are cases, depending on where you live, where things like that can work out (or may be a necessity) due to stupid tax laws. For example, in the UK you are classified as "rich" of you make more than about £43,000 a year (even if you are married with four children and a single income, while a couple without kids making £42,000 each is not "rich", but politicians here are stuuuuupid). Going over that limit, from £42,990 to £43,010 (not exactly that number) can cost you dearly. So you'd make deals to avoid going over the limit.

As you said, with reasonable tax laws this doesn't work.

 

[twoodcc]

well hopefully it's for a good cause. i hope whoever wins talks to him about Mac Pros

 

[saud0488]

500,000?! I hope it's at least full service.

 

[Mark Booth]

I don't drink coffee. Otherwise, I'd bid $1 million and get it over with.



BTW, the first thing I'd ask Tim is when we'll see Apple go back to using Google's map data for the iOS Maps app!

Mark

 

[Plutonius]

Nope, and whoever wins the bid is not going to get hours...more like a quick handshake, a coffee, and a bag of freebies.....and a polite good day. Can't see the attraction myself

I bet most of the bids are fake. No way would somebody spend that for 30 minutes of coffee. Not a chance.

It's for charity.

 

[rockyroad55]

If i were Tim, id just outbid everyone and have a quiet lunch

This literally made me lol'd

 

[rizzo41999]

I wouldn't pay this guy squat...I would appreciate 5 minutes to tell him to get some nads and take control of those stockholders...

 

[kahkityoong]

Anyone who thinks that value-for-money comes into consideration among the bidders are pretty stupid.

 

[Rogifan]

Since this is for charity why do people care how much and whether Tim Cook is worth the price?

Also perhaps there are people out there who don't think Cook is the loser people here think he is.