My prof for my Linear IC class told us about meeting Paul Klipsch in Arkansas in the 1970s.
Prof was heading through town on vacation and passed by the sign for the factory. He didn't know anything about Klipsch at the time, but they weren't in a hurry so they stopped in.
Turns out that Paul himself came up front to greet them and spent the day BS-ing and took them to lunch! He said that Paul had a little "BS" button that he wore under his collar. If he detected BS, he would start lifting up the edge of his collar so the BS-er could see it
Another nice little gem of info from the prof: Apparently one time Paul was showing off a new design to a friend and the friend remarked "That's not a speaker, that's a Heresy". Thus, the Heresy name was born for that line of speakers.
What's the point? Dang, it sucks when a once-good company run by an owner that really cares about sound is gutted for profits like that. Heck, gut Bose for profits....oh yeah, Bose is already on that business model.