Can anyone explain the "'51" after his name? Is that class of 51?
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Bose founder makes big stock donation to MIT
21–30 of 99 posts
Re: Bose founder makes big stock donation to MIT
#22Folks like to rag on Bose products (and from a pure sound quality standpoint they are overpriced IMO) but Amar Bose was the best professor I had and his enthusiasm for engineering and acoustics showed in all of his lectures. He's been good to MIT over the years (MIT students, faculty and affiliates get substantial discount) and this is another example of him giving back. I hope this encourages MIT to resurrect some o…
I have a friend who works for Bose. Their product line is mostly acoustics, but they also do a lot of really interesting and varied research/innovation in a number of electrical and mechanical engineering fields.
Re: Bose founder makes big stock donation to MIT
#23According to the definitions often used here, isn't Bose a lifestyle company?
No.
Re: Bose founder makes big stock donation to MIT
#24He should have donated 30% to MIT and 70% to a good marketing school.
Re: Bose founder makes big stock donation to MIT
#25This is an incorrect title; the wrong conclusion may have been drawn. Although he has given them majority shares they are nonvoting only. The terms of.the gift forbid them from selling the shares or participating in any management or governance of the company. Bose is remaining a private / independent company still run by said founder. This is essentially a gift that should pay nice stock dividends for MIT.
It's interesting that they're expected to just take what is given to them and not try and not be allowed to control their financial income.
Re: Bose founder makes big stock donation to MIT
#26Re: Bose founder makes big stock donation to MIT
#27This is an incorrect title; the wrong conclusion may have been drawn. Although he has given them majority shares they are nonvoting only. The terms of.the gift forbid them from selling the shares or participating in any management or governance of the company. Bose is remaining a private / independent company still run by said founder. This is essentially a gift that should pay nice stock dividends for MIT.
It's interesting that they're expected to just take what is given to them and not try and not be allowed to control their financial income.
They don't have to take it.
Re: Bose founder makes big stock donation to MIT
#28Folks like to rag on Bose products (and from a pure sound quality standpoint they are overpriced IMO) but Amar Bose was the best professor I had and his enthusiasm for engineering and acoustics showed in all of his lectures. He's been good to MIT over the years (MIT students, faculty and affiliates get substantial discount) and this is another example of him giving back. I hope this encourages MIT to resurrect some o…
I have a friend who works for Bose. Their product line is mostly acoustics, but they also do a lot of really interesting and varied research/innovation in a number of electrical and mechanical engineering fields.
Yep, Project Sound (the active car suspension system) being among the most well known. Every few years Bose offers up tours for the various Boston-area professional acoustics organizations.
Re: Bose founder makes big stock donation to MIT
#29I was fortunate to be a student of Dr. Bose many years ago. No other professor gave unlimited time on exams, plus free Toscanini's ice cream to boot!
Beyond those small perks, his stories working with Norbert Wiener and his inspirations have completely transformed and shaped my personality and how I solve problems. Above all, the highest integrity one would have with his/her work, has been my #1 beacon thanks to Dr. Bose. I will always cherish that end-of-term field trip at his corporate headquarters where I witnessed amazing demos (including the active automobile suspensions), and heard even more stories that made me believe that anything is possible when you put your mind and heart into it.