Jeremy Goldstein is the founder and partner of Jeremy L. Goldstein and Associates LLC, a law firm that deals with advising CEOs, compensation committees, corporation and management teams in matters concerning corporate governance and executive compensation. He acquired his B.A from University of Cornell, Masters Degree from Chicago University and also owns J.D from University of New York Law School.
Before he founded the Jeremy L. Goldstein & Associates LLC, Jeremy Goldstein worked as partner in the Wachtell, Rosen, Lipton and Katz law firm. He was also part of several corporate transactions around the globe among them being Duke energy, South African brewing company, Conoco incorporation, American Corporation bank, Bank One , Cingular Wireless Inc, Aventis SA, Kmart Holding firm, Chevron Texaco firm, SBC Communication corporation, MBNA Corporation, Euronext Inc, Verizon Wireless corporation, Goldman Sach corporation, company of Dow Chemical and Sanofi-Aventis corporation among others.
With more than 20 years of experience in the law field, Jeremy Goldstein is named among the best lawyers in the executive compensation field in the United States of America guide to best lawyers and also Legal 500. He also serves as the Mergers and Acquisition committee Chairman of the ABA (American Bar Association) in the business section. He is also part of the Law and Business of the NYU journal professional advisory committee, member of the Make –A –wish organization leadership council and a board member of the Fountain House foundation, an organization that deals with recovery of mental illness. He is also a writer of several articles and journals on executive compensation and corporate governance.
From his legal advice concerning employee benefits, Jeremy Goldstein details how stock options affect employers. He explains that besides saving money in firms, most organizations deter from providing stock options to employees due to accounting burdens that come with the option, most employers know that stock options become worthless in times of economic decline and also at times the firm’s stock may fall radically making it an impossible option for employees to practice.
Besides its disadvantages, stock option has numerous rewards among them being; it is somehow simple for the members of staff to understand compared to its corresponding options; if the firms share raise stock options boost the personal earnings only. This motivates the employees to make the company success a priority. Also companies face larger taxes problem if they offer equities compared to when they offer stock options. To countera3ct the problems that come with stock options, he advices firms to uses ‘knockout’, an option that has equivalent vesting requirements and time limits with other stock options, but allows employees to lose them once the value of the shares drop below a certain amount. Learn more: https://thereisnoconsensus.com/jeremy-goldstein-explains-knockout-options-help-employers/