Jeremy Goldstein is a partner at Jeremy L. Goldstein & Associates LLC, which is an esteemed New York-based boutique law firm. Prior to founding his aforementioned partnership, Jeremy worked in one of NY’s largest law firms. As an active community man, he has been among the directors of Fountain House, a charitable organization that aids mentally ailing patients, since 2008.
Having over 15 years of experience in business law, Mr. Goldstein has taken part in integral roles during various corporate transactions. A major one was the acquisition of Goodrich by the United Technologies and Alltel Corporate by Verizon Wireless.
Jeremy Goldstein is an ardent writer and speaker on corporate governance and thus stands as an active member of an advisory board in a law journal in New York.
It is his unaltered dedication to his clients that pulls all corporates requiring legal advice on employee benefit to him. His poise as a well-versed attorney has also fetched Jeremy a wide range of clients, ranging from compensation committees to CEOs.
Over the years, many employers have opted to stop giving employees the benefit of stock options. This is mostly done to save money, but at other times, it’s due to more complex reasons like the drop of a company’s stocks and the need to avoid accounting burdens. Jeremy Goldstein, in a recent interview, explained that offering employees these options comes with abundant benefits.
The win-win benefit to a company and employees
Staff team requires little skills to understand the concept of stocks and can hence be preferred to equities which come with the threat of higher taxes. The options also relatively increase an employee’s wage. However, this only happens when a corporation’s share levels increases and as a result, workers aim at expanding the company’s financial profitability.
The ‘knockout’ barrier
A firm can gain benefits and still avoid extra expenses if it utilizes the right strategies. Under knockout options, employees immediately lose their shares if the value falls below a certain amount. To avoid problems of eliminating shares whenever this happens, Jeremy Goldstein advises employers to cancel the options when they stagnate at low prices for some time. Shareholders under knockout stocks have lesser worries since they don’t face the threats of overhang.
Though the knockout technique does not solve all option problems, it greatly helps in dealing with most. Learn more: https://www.visualcv.com/jeremygoldstein