Founder of $30 billion defense tech company Anduril embraces Trump's threat to crack down: It's 'good to scare people sometimes' | Fortune
Briefly

Founder of $30 billion defense tech company Anduril embraces Trump's threat to crack down: It's 'good to scare people sometimes' | Fortune
"might not necessarily help the defense space,"
"I think it's even good maybe to scare people sometimes,"
"definitely going to be a publicly traded company,"
Palmer Luckey, founder of Anduril, voiced near-full support for President Trump's overhaul of defense-industry rules while acknowledging the changes "might not necessarily help the defense space." The executive order caps defense-company CEO salaries at $5 million until conditions are met, bars stock buybacks and dividends during periods of "underperformance," and requires future defense contracts to link compensation with production speed and on-time delivery rather than short-term financial metrics. Anduril is private and does not issue buybacks or dividends. Luckey said he pays himself a $100,000 salary and previously received $10.9 million in 2021. A company spokesperson declined further comment.
Read at Fortune
Unable to calculate read time
[
|
]