Who do corporations go to when they need advice? Obviously, they go to a lawyer. But which lawyer is the best of the best? Well, in their opinions, one of the best is Jeremy Goldstein. Jeremy Goldstein has over 15 years of executive compensation and corporate governance experience.
After perfecting his craft, he established his own law firm, Jeremy L. Goldstein and Associates. Jeremy Goldstein holds a J.D., a B.A., and an M.S. degree. He sits on the Mergers and Acquisitions Subcommittee of one of the committees that belongs to the American Bar Association Business Section.
Over the past few years, a plethora of clients and corporations have come to Jeremy Goldstein to discuss employee benefits. Being an executive compensation attorney, this is something that everyone knows Goldstein is best at. In his opinion, corporations shouldn’t be doing what many of them have already done.
Lately, a lot of corporations decided to stop providing stock options as an employee benefit. There are a lot of reasons a corporation might want to do this, money not being one of them this time. Of those many reasons, three major problems are pushing corporations into other directions.
For a start, stock values drop too frequently these days. It’s that companies are losing faith in the marketplace or too many companies are failing. It’s that many corporations no longer want to jeopardize their employees’ benefits. If the stock drops too much, workers can no longer exercise their options. Not to mention, there’s also the risk of option overhang.
For that reason and many more, employees no longer want stock options. They’ve seen or heard of other companies filing for bankruptcy or going out of business, and all the employees are left with nothing because the stock dropped too quickly for them to be saved.
The last reason involves the huge accounting burdens that come along with stock options. The number of costs associated with providing every employee with stock options can greatly eclipse the desired result. It’s just easier to eliminate stock options and offers things like higher salaries, equities, or better insurance coverage.
Despite the upfront ease, Jeremy Goldstein suggests that corporations take another look at stock options. Stock options have advantages that other benefits can’t offer. Obviously, they make employees personal invested in the company’s success. Learn more: https://thebrotalk.com/bro-recommendations/jeremy-goldstein-gives-us-nyc-recommendations/