Update | The story has been revised to remove phrasing suggesting that restricted stock grants are not tax deductible unless they have a "no-upside" feature. That is not always the case. Tim Cook got almost $400 million of restricted stock when he was named Apple chief executive in 2011, succeeding Steve Jobs. Regardless
Remember That CEO Pay Cap? It’s Even Less Effective Than We Knew
Companies are increasingly using pay-for-performance to get around a $1 million federal limit on tax deductions for executive compensation.
