Home » Lawyers New York
Category Archives: Lawyers New York
When it comes to employee benefits, no one understands them better than Jeremy Goldstein. Jeremy Goldstein has over 15 years of business law experience and is the go-to guy for most corporations in New York. After establishing his own firm, he quickly rose through the ranks of his profession.
His firm mostly works with compensation committees, CEOs, management teams, and big corporate clients. Among those corporate clients are Verizon, AT&T, Chevron, and Merck. Their clients come to them when they need help with executive compensation and corporate governance matters. They also help companies with corporate events and sensitive situations.
As he spends less time at the office, he’s focused on local nonprofits. He’s worked with the MakeA-Wish Foundation in his area, and Fountain House. Fountain House, his main nonprofit, works with men and women who have mental illnesses of all sorts. Recently, he’s been pulled away from his philanthropic work to advice more corporations on matters of employee benefits.
The reason he’s working so much these days is that a lot of corporations are eliminating stock options as a compensation method. For whatever reason, not just to save money, corporations are looking into other forms of compensation that employees would prefer.
It’s easy to say that employees are just scared of the markets and want something they can understand a little better. While sort of true, there are a lot of downsides to stock options. If something happens, the stocks’ value can drop and leave employees unable to exercise that option.
Employees don’t like the idea of losing all of the money in a flash downward spiral. They’d prefer more realistic options like higher salaries and wages, equities, and better insurance coverage. Also, companies would like to have methods that don’t come with such accounting burdens.
While there are points to be said for eliminating stock options, there are just as many reasons to keep them around. According to Jeremy Goldstein, the advantages of stock options far outweigh any of the risks. For a start, it’s easier to understand stock options than people think.
Once people understand what their options mean, they’ll be more invested in the company’s success. The better the company does, the more their stocks will be worth. Employees will work twice as hard to make sure every customer or client is perfectly happy with their services.
Learn more: http://files.ali-aba.org/pdf/Goldstein%20new%20BIO.pdf