With the change in marginal tax rates in the TRA 86, would it have been tax disadvantageous for tax-exempt institutions such as Stanford University to establish deferred compensation arrangements in...

With the change in marginal tax rates in the TRA 86, would it have been tax disadvantageous for tax-exempt institutions such as Stanford University to establish deferred compensation arrangements in 1986 for their employees? Why might such institutions not have established these programs at that time?