Ray Dolby died Thursday at the age of 80 after suffering from Alzheimer's disease and acute leukemia. Dolby was a sound pioneer, and took out the hiss in sound recordings. He founded Dolby Laboratories in 1965, and he revolutionized the movie theater sound with films like Stars Wars and A Clockwork Orange.
He acquired a network of $2.4 billion over the years and won two Oscars, several Emmys and a Grammy. While he retired years ago, his company continued to thrive. Last year it had revenues over $900 million. He continued to make inventions including the Dolby Amos, which the film The Hobbit: An Unexpected Journey used.
In on post to their founder, Dolby Laboratories posted a tribute that included quotes on Dolby's view of success. "I was never a gold-digger, or an Oscar-digger, or anything like that. I just had the instinct about the right sort of things that should be done in my business. "
Kevin Yeaman, President and Chief Executive Officer, Dolby