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Allan Sloan | ProPublica

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.

March 09th, 2016

By Allan Sloan | ProPublica

Remember That CEO Pay Cap? It’s Even Less Effective Than We Knew

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

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