The current economic situation has prompted some employers to quit providing stock solutions. Some of the corporation adopted this strategy to cut cost while others were compelled to do so due to the stock value drop, economic downturns, and accounting burdens.
About compensation solutions
According to Jeremy Goldstein, these payment solutions are advantageous because employees quickly understand them. Additionally, all staff members are assured of earning an equivalent value. Other subsequent options have been observed to profit big corporations through increasing their value that, in turn, increases individual earnings. This strategy compels employees to work harder to improve their wages. However, the Internal Revenue Service does not offer favorable solutions to staff with equities.
This situation is made slightly complicated by firms that provide compensation solutions to their senior executives. Jeremy Goldstein encourages the adoption of better strategies to curb these business inequalities. Additionally, he promotes the use of a “knockout” option to stabilize these compensations. This approach allows employees to acquire stocks at approximately $150 and makes them expire immediately when company’s value reduces by $75. By using this strategy, staff members earn a better incentive that, in turn, prevents the companies from making losses. The Knockout approach is, therefore, termed as a win-win for both the corporations and their employees.
Jeremy Goldstein’s education and career history
Jeremy Goldstein is an entrepreneur and the principal of Jeremy L. Goldstein &Associates. He is an attorney by training, and he is a graduate of the New York University School of Law. Jeremy Goldstein was also a student at Cornell University and the University of Chicago. He initially studied arts and history but later majored in law. Jeremy Goldstein is experienced in mergers & acquisitions, corporate governance, and executive pay. He is bilingual and can speak both French and English. He began practicing law in 1999 at Shearman & Sterling LLP and later joined Wachtell, Lipton, Rosen, & Katz in 2014, Jeremy.
Goldstein founded Jeremy L. Goldstein & Associates where he currently works. Jeremy Goldstein’s expertise revolves around compensation practice, and he handles issues that arise during mergers and acquisitions as well as corporate governance. Jeremy Goldstein also operates Fountain House, a charity foundation that helps individuals with mental illness. He has been the director of this esteemed organization ever since it was formed in 2008. Jeremy Goldstein helps organize charity activities as well as volunteers at the foundation during his free time. This attorney currently resides in New York.
To learn more, visit http://officialjeremygoldstein.com/.