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by patall 3623 days ago
A counter example would be Monsanto which pretty much saved (or at least fully transformed) the company from one of these small basic research groups.

It think this is more a phenomenon that these big companies become more and more like nations. Nations also fund basic research that 99% of the time has no economical benefit but that one time you invent coffeine free coffee and make a lot of money. But sure, nations are driven by the same or similar motivations you describe.