The way Terman saw it, the benefits to Stanford could flow in any number of ways. There were the significant payments from the government to cover overhead costs at the research labs; the expensive equipment donated by companies eager to encourage research related to their specific technologies; the experts from industry who, for similar reasons, became visiting professors in Stanford’s science departments, their salaries paid for in part by their employers; and, more broadly, there was the goodwill Stanford earned from alumni and faculty members who had achieved business success and would give back to the school with hefty donations. The happy coalition of academia, government, and private industry that Terman proposed has been called “the military-industrial-academic complex”; he preferred to call it “win-win-win.”
Fred Terman. there is no such thing as a win-win-win bro