We need good research & development to build the next generation of products to serve the consumers. While the bottom line is always crucial, there are sometimes necessary costs that take more than a 3-month cycle to generate returns.
I keep waiting for all of this research money spent in life sciences to start generating more innovation. By now I thought we would see the equivalent of the information age erupt in bioscience. It seems like we are always on the cusp of disruptive break throughs that never quite happen.
life sciences can manipulate our desire for eternal life and keep grabbing the lions share of R&D funds while failing to deliver. When it comes to Engineering very few have come to that level of manipulation. Perhaps Steve Jobs is the only one who cracked the code