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Amar Bose facts

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Bose, the audio equipment company was founded by Amar Bose, an MIT engineering professor who bought a high-end stereo speaker system in 1956 and was disappointed of its sound quality. Despite owning Bose, he remained as a professor. He donated most of Bose shares to MIT as non-voting.

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The headphones/audio/electronics company Bose gets their name from their chairman, an Indian-American named Amar Bose. His father was an Indian freedom revolutionary, who fled Bengal to avoid persecution from the British colonial police.

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  1. MIT is the biggest stockholder of Bose corporation as Amar Bose, the eponymous founder of the company, donated majority of the firm's stock to his alma mater

  2. Amar Bose, the recently deceased founder of Bose Corporation, in 2011 donated a majority of the company's non-voting shares to MIT on the condition that they never be sold.

  3. Amar Bose, the founder of the infamous research, acoustics, and engineering corporation Bose, donated the majority stake of his namesake company to MIT in the form of non-voting/non-control stock shares, in order to sustain and advance the educational mission of the school.

  4. Amar Bose donated non-voting shares to MIT to help fund research activities at MIT, his alma mater

  5. Dr. Amar Bose saw Bose as a sandbox where he could hire smart people to explore the boundaries of what was possible like spending more than 20 years and $100 million developing an ultrasmooth automotive suspension system and donated a lot of Bose stock to his alma mater MIT before his death

amar bose facts
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