That is correct - but he also owns majority share of the company. Not sure who gets control of that. I also wonder what happens to all his other patents that are just sitting around. Not real concerned about CTDT I am sure they have a plan in place.
As for his family, he has children, grandchildren, goes to the office everyday, and has long ago assigned the patent to the company in exchange for his shares. ;)
News 
Market Data 
Discover 
