Not really a science major, but have science related interests/occupation. As for basic research vs industry, it seems like those in industry are rarely working on the absolute cutting edge. Those in academia will see those in industry as intellectually inferior. Also, there's the keen sense that many of the industry jobs, like Wall Street, are bullshit that don't create value - math and physics majors are a modest, skeptical lot, and they don't care as much for status whoring like everyone who actively aspires to be an investment banker. I'm sure the bright ones are aware of their outside opportunities, but they still choose the rather thankless path of academe.
From what I've seen, it seems like one can effect more change by bringing one's intelligence to bear in industry, than by working on insanely hard theoretical problems in academia that may ultimately go nowhere. As an example, one of my colleagues got a Phd in math, and actually did serve as a professor at a very un-prestigious college. He moved into industry, and helped to revolutionize a small field in how it conducted its work by bringing his respectable intelligence to bear on this nascent field. He's very bright, but it seems like only a very small number of people are capable of contributing much that is truly novel and worthwhile to formal mathematics. All the easy gold has been mined, and only one in a million or less have the intelligence to contribute much there. So he took the big fish in a small pond route, and became very well respected in his own field, which brought him to greater spheres of influence outside his field.
Of course, it all depends on the specifics of how bright you are and what you're working on. If you are very bright and working in a great area, your fate in academe could be worlds better than anything you could achieve in industry.
If I had infinite intelligence and opportunity to work anywhere, I'd work on the things that I think will dramatically enhance the world within the next decade or so. Things like robotics, driverless cars, genomics or alternative energies.
I remember hearing about this guy when the oil spill happened, because Obama put him on a spill cleanup taskforce, then kicked him off because he defended homophobia:
http://blogs.riverfronttimes.com/dailyrf..._obama.php