Companies are choosing not to share the wealth, even on the heels of the massive corporate welfare program that is the new tax law.
Companies are increasingly using pay-for-performance to get around a $1 million federal limit on tax deductions for executive compensation.
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