Comment R&D budget (Score 1) 86
When I did my thesis at university, my professor worked there back in the 60's IIRC (electrical engineering).
He said what they did was:
Company had a turnover of 10 to the 11 $
1% spent on R&D... 10 to the 9 $
with that 10 to the 9, they hired 10 to the 4 PHDs and gave each of them a budget of 10 to the 5...
this is in the dollars of the day - not todays dollars....