Tax Change Aside, Companies Stick With Executive Performance Pay

Companies that cut back on performance-based pay for their executives after Republican tax reform eliminated an incentive may be the black sheep in a herd that appears to be adjusting to the change more slowly.

Few companies have followed in the path of those like Netflix Inc., which nixed performance-based cash bonuses for its executives and increased their base pay after the tax bill passed.

Proxy statements filed by two dozen S&P 500 companies show that boards generally recognize the elimination of the tax-favored compensation but don’t anticipate changes to the way they compensate their executives as a result.

The ...