The History of Jeremy Goldstein’s Career

Prominent lawyers are a dime a dozen these days. Every lawyer has years of experience and some big-name clients. Most only boast their career successes for marketing purposes. Occasionally, a lawyer will appear who’s actually worth the hype their advertising claims them to be.

One of those worth-it lawyers is Jeremy Goldstein. Jere my Goldstein has over 15 years experience working with some of largest corporations in New York. He handled numerous big-risk transactions for companies like Verizon, AT&T, Bank One, and Merck. Along with his impressive list of clients, Goldstein’s the leading lawyer on matters involving executive compensation and corporate governance.

Lately, he’s been trying to get corporations to reinstitute stock options as an employee benefit. Most companies have stopped providing stock options in favor of other benefits. Goldstein doesn’t think that’s the best choice. For most companies, their reasons for abandoning stock options go beyond saving money.

Their biggest concern is their employees. The people who work for them are like family members, and they don’t want to leave them with nothing in the event of a disaster. Stock values can drop and leave their employees without an option to exercise; or worse, they could be left with option overhang.

There’s also the accounting burdens to think about. The costs it takes to provide stock options for everyone can greatly eclipse any financial advantages. It’s a lot simpler and less paperwork to eliminate these benefits and offer others like higher salaries or better insurance coverage.

Despite the ease, Jeremy Goldstein warns against completely abandoning stock options. There are a lot of advantages companies are forgetting about. A big issue these days is equality, and stock options offer an easier way for employees to keep track of their rank with the company. Other benefits can get tricky when everyone chooses different compensation methods.

As tempting as other benefits may seem, there are a lot more factors in play than just ease. Every so often, the IRS releases a new set of rules. Recently, their new rules have made handing out equities a lot harder, meaning they can be even more burdensome than stock options.

The argument can go back and forth all day, but it’s up to the corporations to decide. Most will probably continue to eliminate stock options, but some are taking Goldstein’s advice. When people are financially invested in the company, they work harder. Learn more:

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