Apple executives are expected to testify on Capitol Hill today to defend the iPhone maker's offshore profits, but Cupertino has attempted to head off any surprises by posting Cook's responses for all to see.
Apple CEO Tim Cook is headed to Washington, D.C. next week to testify about the company's offshore cash hoard, a rare public appearance which is being preceded by an interview that offers a glimpse of what's to come.
Somebody just paid $610,000 for a coffee date, and it wasn't in Seattle. That's right, the bidding just ended for the Tim Cook charity coffee chat for the Robert F. Kennedy Center for Justice & Human Rights that we reported on back in April (at the time, we thought $210,000 was impressive), which means the lucky winner gets the rare opportunity to spend 30 minutes to an hour swapping ideas or jokes with the famed Apple CEO in Cupertino. Or, you know, just staring in silence and making Cook uncomfortable.
Happy May Day! April sure flew by quickly, but it had plenty of highs and lows and the month ended on the higher end of the scale, judging from our last recap from the month. We've got a pair of Tim Cook tales to bookend today's edition, along with a Vine update, Hulu statistics and the CEO of BlackBerry predicting the end of the tablet within five years -- and he doesn't mean the company's own. Stay with us, won't you?
How'd you like to meet Apple CEO Tim Cook? It'll cost you a heck of a lot more than a MacBook Pro. Yesterday the Robert F. Kennedy Center for Justice & Human Rights posted an auction on Charity Buzz for a one hour-long chat over coffee with Cook, and by Thursday afternoon the 58 bids were sitting at $210,000. And you thought Starbucks was expensive.
Tuesday, April 23, 2013 has arrived, and within hours we'll all know how Apple fared during the post-holiday season without having released any significant new products. Investors have probably been chugging Pepto-Bismol for the last week in anticipation of the conference call, and as a result we've been subjected to endless speculation about the company's fate. Assuming Apple has a tomorrow (yes, that's a joke), we sure look forward to getting on to some better news about what the company will be releasing this year...
They say an apology goes a long way toward mending fences, and when the apology is heartfelt, even more so -- and Tim Cook's very public apology on Apple's Chinese website is already working its magic with the press there.
As part of its governance rules, Apple recently altered its requirements in regards to executive compensation and stock ownership. As of February 6, Apple executives and board members will be forced to own a hefty amount of shares, in accordance with salary.