Jeremy Goldstein is an attorney practicing in New York City, and frequency helps companies structure employee incentive plans for the maximum long-term value. Recently, the New York City Inquirer published an article about Jeremy Goldstein, and his general viewpoint on the issue.
Coming up with an incentive-based compensation plan that is fair to both employees and shareholders is not easy, and Jeremy Goldstein and seen how difficult it is in his practice. However, the issues are vital. Ultimately, the long-term health and viability of the corporation is in the best interest of both investors and employees. However, it is normal for people to put a higher priority on short term gain. He has seen problems while working with such clients as Bank of America, Verizon and Goldman Sachs.
One critical tool for employment compensation is the Earnings Per Share, or EPS. According to Goldstein, using EPS is generally a good idea. It reflects the overall business success of the corporation. However, there are good arguments both for using EPS and against using EPS. Jeremy Goldstein sees the best practice is to arrive at a fair compromise that looks at the best interests for everyone involved.
EPS is one of the prime factors affecting the price of a public corporation’s stock. So it gives the company an incentive to increase what they pay out to employees. However, opponents of using EPS claim that it leads to favoritism and overlooking CEO faults because CEOs can too easily skew EPS. Others point out that this leads to an overemphasis on short-term results at the expense of long-term profitability. Companies need to make a profit, but to remain successful they must also allocate capital toward long-term investments that grow.
Jeremy Goldstein graduated from the New York University School of Law in 1999. He started out practicing law at large firms in New York City before establishing his own practice in 2014. He is listed in the Chambers USA Guide to America’s Leading Lawyers for Business and Legal 500. He is a member of the New York University Journal of Law and Business Professional Advisory Board.
He a member of the New Leadership Council of the Make-A-Wish Foundation of Metro New York. He also sits on the Board of Directors of Fountain House. Fountain House works for the recovery of people with mental illness. He chairs the Mergers & Acquisition Subcommittee of the Executive Compensation Committee of the Business Section of the American Bar Association.
Visit http://jlgassociates.com/ to learn more.