Numerous regular news articles, but here is a look at the man many might not have seen:
http://web.mit.edu/newsoffice/2013/obit-amar-bose-0712.html
http://web.mit.edu/newsoffice/2013/obit-amar-bose-0712.html
Sad day. He was the best and perhaps one of only few examples of how with innovation we could stay in consumer electronics against the forces of Asia. Seems like even at the end, he was smart buy giving away his company shares to MIT. Otherwise, his survivors would have been hit with huge taxes which would have most likely caused the company to be sold off to pay for them!
It is a serious problem. If you have a company that is worth a few hundred million dollars and you die, the company may have to be shut down and parts sold out to pay for taxes! THis is why Dolby went public. Ray was worried that there would not be enough cash to pay the taxes.What's more sad than Mr. Bose dying is that he had to give everything away so his heirs don't have to worry about paying the taxes. Talk about an antiquated system.
It is a serious problem. If you have a company that is worth a few hundred million dollars and you die, the company may have to be shut down and parts sold out to pay for taxes! THis is why Dolby went public. Ray was worried that there would not be enough cash to pay the taxes.
It's like they penalize you for being successful.
What's more sad than Mr. Bose dying is that he had to give everything away so his heirs don't have to worry about paying the taxes. Talk about an antiquated system.
It is a serious problem. If you have a company that is worth a few hundred million dollars and you die, the company may have to be shut down and parts sold out to pay for taxes! THis is why Dolby went public. Ray was worried that there would not be enough cash to pay the taxes.
It is a serious problem. If you have a company that is worth a few hundred million dollars and you die, the company may have to be shut down and parts sold out to pay for taxes! THis is why Dolby went public. Ray was worried that there would not be enough cash to pay the taxes.
I want to say a few things here. First of all, I have never liked the sound of anything that carried the Bose name badge. Every speaker he produced had his sonic thumbprint all over it. No matter what recording you played, it would be colored with the Bose "sound." And that would be the sound of speakers radiating off your rear walls and coloring the sound coming out in front (direct vs. reflected sound). With regards to it being sad that he passed, I have mixed emotions about that as well. When a person is struck down in life as a young child, that is very sad. When someone dies while in the prime of their life, that is very sad. When someone has lived a good life and died of natural causes at an advanced age, it's not quite so sad in my book. We are all going to move onto our next journey at some point. And yes, I don't believe that life 'ends' when we die. I think it takes on another form just as energy can neither be created or destroyed, only changed. Which leads me to my last point: It's not good to speak ill of the dead. And why is that? It's because people do believe they can come back and haunt your ass.