When it comes to advising Fortune 500 corporations, their preferred business lawyer is Jeremy Goldstein. He specializes in handling cases and transactions that fall into the categories of executive compensation and corporate governance. Over a decade ago, Goldstein established his own law firm called Jeremy L. Goldstein and Associates.
His firm has worked with numerous big-name clients, including Verizon, Merck, and AT&T. Not to be humble, Jeremy Goldstein worked on every major transaction his firm worked on since its establishment. When he’s not working on a major transaction, he’s making appearances at conferences and conventions to discuss executive compensation and corporate governance.
Today, his schedule is filled with compensation committees, CEOs, management teams, and other corporate leaders that need advice about proper employee benefits. In recent years, many corporations stopped providing stock options in favor of more preferred employee benefits. Those who are unsure whether it’s a good decision, go to Goldstein for his advice.
According to Jeremy Goldstein, stock options should still be the preferred compensation method because it comes with advantages that other methods can’t offer. He understands that not every corporation can offer stock options; he’s not recommending that everyone goes back to the traditional benefits.
He wants certain corporations to understand that it’s best for them to return to providing stock options. Most corporations are eliminating stock options because they and their employees don’t trust stock options like people used to. These days, people are more fearful of their benefits becoming worthless in the blink of an eye.
While that is a possibility with stock options, there are a lot of things that corporations don’t take into consideration. It may seem easier to eliminate stock options and offer benefits like higher salaries or wages, better insurance coverage, or even equities.
The truth is, while those options have their upsides, they don’t make employees personally invested in the company. When people have a vested interested in the company’s success, they’re more likely to work harder to make current customers happier and attract new, more desirable customers by increasing production and innovation.
Regardless of what decision the corporation comes to, it’s important they no corporation acts based on one man’s opinion. As much as Jeremy Goldstein wants to see stock option reintroduced into corporate practice, he wants every corporation to talk with their accountants before making any final decisions. Learn more: https://www.quora.com/profile/Jeremy-Goldstein-20