The Bose Corporation’s majority owner is MIT. In 2011, the company’s founder, Amar Bose donated the majority of his shares to the university which was his former employer and alma mater. An annual cash dividend is paid out to “advance the research and education mission of MIT”.
The Massachusetts Institute of Technology offers a “pirate certificate” to students who complete the archery, sailing, fencing, and pistol or rifle shooting courses. The department frequently holds “pirate induction” days and has had a steady stream of students awarded the achievement.
There is a resident in MIT’s Random Hall called “The Milk” that is an expired carton of milk coming up on 22 years past its expiration date.
MIT students must pass a swim test to graduate. The director of phys ed said swimming is “…a self-survival skill. Research shows that most drownings occur in families where parents don’t know how to swim.” The test requires you to swim 100 yards. It used to be 200 yards, the width of the Charles River, but then someone realized if you fell in the river, you’d only have to swim at most half the width.
MIT admitted its first female student in the 1870s as an experiment and allowed her to attend free of charge. Faculty members were against it, but were forced to comply because they forgot to add a “no women” clause to the bylaws.