Bose donates most of his company to MIT

[JonFo]

We all love to bash Bose the company, but I'm not sure what to make of this news:

Bose donates most of his company to MIT

http://money.cnn.com/2011/04/29/technology/bose_mit_donation/index.htm

That's a generous move and great for that institution.

Let's just hope they don't give students Bose products and ruin their audio taste for life :devil:

The closing line in the article made me gag: "The company is known for its high-end speaker systems and headphones"

Yeah, right.

 

[amey01]

He's a very generous and obviously nice person - that's what you make of it.

I've never bashed Bose - I've always acknowledged they have a place in the market.

That said - I too, got a little smile from the closing line of the article! Let's hope Bose sound doesn't shape the future engineers that will be working for ML et al!

 

[User211]

What a decent chap. I'm genuinely impressed by him. What a fantastic thing to be able to do in the twilight of life.

Respect.:rocker:

 

[Bernard]

Call me a cynic, but if Bose does not pay out a dividend for any reason MIT gets nothing. Anyone have any idea what company history is like financially re dividends?