Anduril Founder Says He Doesn't Oppose Defense Pay Caps

Anduril Industries Inc. founder Palmer Luckey said he didn’t oppose regulations on defense companies proposed by President Donald Trump, including limits on compensation.

“I pay myself $100,000 a year,” Luckey said in an interview on Bloomberg Television. That salary is far lower than the $5 million-a-year pay caps floated by Trump in a Truth Social post. Of course, the bulk of Luckey’s compensation comes from his ownership of a significant portion of Anduril, which was last valued by investors at $30.5 billion.