"45 seconds. That's what you got. I am going to donate $100,000 to the Boys & Girls Clubs of America. Every second you go over 45 seconds, we will deduct $1,000 away from the Boys & Girls Clubs. I know, I know. If you go under, we will put $1,000 a second back on. By the way, we wanted to see. We already got started."
"Seth. Congrats. What did Seth do? Was he over, under? All right. Thank you to you all for real. Thank you guys. Thanks to every executive out there. Thank you to the executives. Thank your executives. Honestly, I think I've made money. The number, to be honest with you, it was embarrassing. It went way down. CBS is going to add $100,000. I will give $250,000. It takes us to $350,000 to the Boys & Girls Clubs. Thank you guys so much for being out here. Congrats to all the winners."
Nate Bargatze pledged $100,000 to the Boys & Girls Clubs of America and established a timing rule: winners had 45 seconds for acceptance speeches. Every second a winner exceeded 45 seconds resulted in a $1,000 deduction from the pledged donation, while finishing under 45 seconds added $1,000 per second back. The timing experiment began immediately with Seth. The running total decreased during speeches, then CBS contributed $100,000 and Bargatze increased his contribution by $250,000, bringing the total donation to $350,000. Bargatze expressed gratitude to the executives and winners.
Read at www.nytimes.com
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