Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
Fable: The Researcher Who Did As He Liked
26 years a relatively unknown company allotted $3.3 million representing 1.5% of its sales revenues to a young researcher to develop a blue LED.
“Of course it was a big risk,” said the CEO, “but risk is synonymous with research. Unless you let your young researchers do whatever they like, they can’t do research.”
On Nov 29th 1993 the unknown company announced to the media that they had developed a blue LED.
It was three years before anyone else could make one.
The researcher was awarded $180 by the company as a bonus for his invention.
He sued the company and the bonus was increased to $7 million.
Moral: The labourer is worthy of his hire.