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. This story was co-published with The Washington Post. Update, Mar. 4, 2016: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.

Silicon Valley Investment Firm Accused of Wage Theft Over Unpaid Interns

Entrepreneur and venture capitalist Anis Uzzaman literally wrote the book on success in Silicon Valley. The CEO and co-founder of Fenox Venture Capital is the author of “Startup Bible: The Silicon Valley Way of Developing Success.”

But now the U.S. Department of Labor has thrown the book at his company.