CSIRO Reinvests Patent Earnings

Posted by Soulskill on Wednesday October 21, 2009 @12:57AM from the un-patent-troll dept.

ozmanjusri writes with an update to a story we discussed a few days ago about a $200 million patent victory by CSIRO, Australia's governmental science research body. The organization has now turned around and reinvested $150 million of the proceeds into the science and industry endowment fund, which has already established three grants: "$12 million for two wireless research projects and $7.5 million for up to 120 fellowships and scholarships." CSIRO boss Megan Clark said, "It's very important that when you have a success like this, you reinvest it back into the wellspring. It's really about supporting areas that might need a helping hand in some of the frontier areas and research that actually tackles the national challenges."

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Re:and here in USA... by bdsesq · 2009-10-21 01:57 · Score: 4, Interesting

So the only place for the profits to go is to bonuses or shareholder profits.
How about corporate charitable giving?
Or using the money to extend the business?
The problem is that the choice before the executives is between doing something good for the business or possible for humanity and lining their own pockets.