Jeremy Goldstein Advises the Nation’s Top Companies

When it comes to legal advice, there’s no one New York corporations trust more than Jeremy Goldstein. Jeremy Goldstein is the gold standard on executive compensation and corporate governance matters. His law firm, Jeremy L. Goldstein and Associates, advises all of their clients on matters such as compensation and governance, as well as transformative corporate events and sensitive situations.
Mr. Goldstein didn’t become the number one preferred corporate lawyer by letting his partners do all the work. He’s worked on every major case and transaction his firm’s been involved in, including with clients like Verizon, Bank One, and Merck.
Currently, Jeremy Goldstein is advising many of his clients and curious or confused corporations on which compensation method is best for their company. Over the last ten or so years, many corporations have stopped providing stock options as an employee benefit. This is something that Jeremy Goldstein strongly feels is a mistake for many corporations.
He’s not suggesting that every company should offer stock options, but a lot of the bigger corporations are forgetting the benefits of stock options; they’re focused on the negatives. For starters, stock options are protean and can drop in value in less than a second.
That’s something that a lot of corporations and employees don’t like about stock options. If the value drops too low, the stock becomes worthless or leaves the employees on the hook for responsibility. That reason alone is enough to make everyone want to stop providing stock options (https://twitter.com/jeremy_gold1).
Despite the controversy that comes with stock options, Goldstein wants corporations to think about the positive impact they can have on the workforce. Stock options make employees personally invested in the company’s success, so they’re more likely to come to work focused on making the company better; that’s something other benefits can’t do.
Jeremy Goldstein’s solution is to start offering “knockout” stocks as benefits; equities are getting more and more complicated thanks to recent IRS rules. Stock options are the best choice if corporations pick the right strategy, and knockout stocks come with the less amount of risk with all the rewards of their counterpart.
Regardless of either side’s pros, they all have their cons. It’s important that corporations speak with their accountant and choose the right compensation method for their particular situation. Even Jeremy Goldstein doesn’t want corporations choosing stock options just because he has an opinion.

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