Jeremy Goldstein is preceded by his reputation as the go-to expert for legal advice relating to employee benefits. As such, he offers advice to the public concerning various matters, especially about business. Recently, Jeremy Goldstein explained the benefits of knockout options to employers. Here are some of the advantages:
- According to Jeremy Goldstein, stock options are preferable to better insurance coverage, equities, and additional wages. This is because it is easier for staff members to take up stock options.
- Options only promote personal earnings when the corporation’s share value increases. As such, this situation encourages individuals to give priority to the company’s success. The staff ends up working harder to attract desirable customers, satisfy existing clients or even develop innovative services.
Problems that cause Companies to Stop Providing Employees with Stock Options
Some companies stop providing these benefits mostly to save money while others are propelled by complex reasons as follows:
- Stock options cause significant accounting burdens. As such, various relevant costs may cast a shadow on the financial benefits associated with these derivatives.
- Most employees have become more cautious of these benefits or compensation method. Mainly, this is because economic declines typically render these options worthless. In fact, stock options may resemble casino tokens as opposed to cash for many employees.
- The value of stock value may decline, which in turn could make it difficult for employees to exercise their available options.
About Jeremy Goldstein
Jeremy Goldstein is a business law expert, especially on matters of corporate governance. Currently, he serves as one of the partners at the Jeremy L. Goldstein & Associates LLC, which is a law firm devoted to advising CEOs, corporations, management teams, and compensation committee on matters relating to executive compensation and corporate governance. Before the inception of the Jeremy L. Goldstein boutique law firm, Jeremy Goldstein was among the partners of the Wachtell, Lipton, Rosen & Katz law firm. During his tenure at the firm, he participated actively in its executive compensation practice.
Aside from his experience as a partner at the Wachtell, Lipton, Rosen & Katz, Jeremy Goldstein also previously served as an associate of the Shearman & Sterling LLP. Additionally, his education background is nothing short of impressive. In fact, he has an undergraduate Bachelor of Arts, Art History degree from Cornell University and a Master of Arts, Art History degree from The University of Chicago. Jeremy Goldstein is also a proud holder of a JD from the New York University School of Law.
To learn more, visit http://officialjeremygoldstein.com/.