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