Prof. Dr. Fritz Sennheiser passed away at the grand age of 98. His son has been running the company since 1982, so things will probably continue as they are. It’s a sad day for Audiophiles everywhere.
http://hothardware.com/News/Sad-Day-for-Sennheiser-Founder-Passes-Away-Shortly-After-98th-Birthday/
http://hothardware.com/News/Sad-Day-for-Sennheiser-Founder-Passes-Away-Shortly-After-98th-Birthday/