Bose founder makes big stock donation to MIT
web.mit.edu
Bose founder makes big stock donation to MIT
1–10 of 99 posts
Re: Bose founder makes big stock donation to MIT
#2He should have donated 30% to MIT and 70% to a good marketing school.
Re: Bose founder makes big stock donation to MIT
#3This 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.
Re: Bose founder makes big stock donation to MIT
#4He should have donated 30% to MIT and 70% to a good marketing school.
Seems like Bose did just fine in marketing without that additional "schooling".
Re: Bose founder makes big stock donation to MIT
#5According to the definitions often used here, isn't Bose a lifestyle company?
Re: Bose founder makes big stock donation to MIT
#6What power does this actually give MIT? I don't understand.
Re: Bose founder makes big stock donation to MIT
#7Re: Bose founder makes big stock donation to MIT
#8It says Bose donated a majority of the shares. How much is Bose (private company) worth? And how much in dividends can MIT expect from Bose on an annual basis?
Re: Bose founder makes big stock donation to MIT
#9Re: Bose founder makes big stock donation to MIT
#10Folks 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 of their acoustics programs (aside from a couple of projects coming out of the Media Lab and a telephony class or two, acoustics has been dead at MIT since the late 1990's) but I suspect they'll just use it as a cash cow.