I don't have the info at hand, but as I recall Pedersen was ensconced at Springfield Armory at a very decent salary for some years, working on his rifle--which in the end, came to naught. John Garand also worked on his rifle, but was not nearly as high in the scheme of things. When Pedersen's rifle foundered, the Garand design supplanted it. In retrospect, I think most people would consider that a good outcome.

The .276 cartridge (minus the wax case lube) had merit, though.