Yep, his mother Bette sold the company to IBM for almost $50M in 1979! Half of that fortune went to Michael and the other half went to charities.
My wife and I love Carmel in general, Carmel by the Sea and Carmel Valley. Just so peaceful there.
As I mentioned, my memorable visit was 40 plus (more on the plus side) years ago. We made a road trip from San Diego to Napa along the coastal highway. Took a week. My recollection was two beautiful days in Carmel. If I recall, we stayed at a Holiday Inn that was right in the little town. It's probably gone by now. No longer a place for a Holiday Inn :-).