Jeremy Goldstein is a top business attorney in New York. He established his own law firm after working at a similar law firm for a number of years. After founding his own firm, Jeremy Goldstein started advising New York’s biggest corporations, CEOs, compensation committees, and management teams.
Lately, most of his clients come to him wanting to talk about employee benefits. Jeremy Goldstein specializes in executive compensation and knows a lot about employee benefits as well. He’s more than happy to talk about his ideas, which all involved incorporating stock options back into the corporate world.
In recent years, a lot of companies have stopped providing stock options for whatever reasons. They say those reasons have nothing to do with money, but time is money in business. The biggest problem companies have with stock options is that they take too much time to work out for everyone.
By the end, stock options may cost more than they’re worth, and not in a good way. It’s a lot easier to eliminate stock options and offer another form of compensation. Currently, equities and higher salaries seem to be the new go-to compensation method. That is something that concerns Jeremy Goldstein.
Jeremy Goldstein doesn’t have a problem with companies picking their own compensation method. He has a problem with so many companies abandoning stock options in favor of other benefits because they’re scared to take a risk. Stock options are risky, but they’re also the most beneficial to everyone.
Stock options make employees personally invested in the company’s success. When the company success; the stock value goes up. This means employees can watch their stocks grow in the value the harder they work. That might make most of them work harder to keep current customers happy and go the extra mile to attract new customers.
If a company is thinking about using stock options as a benefit, it’s important that they choose the right strategy. There’s more than one type of stock option and it’s best that companies talk about which stock option to go with before making any decisions.
Jeremy Goldstein recommends that certain, not all corporations look into a “knockout” stock option. Knockout options come with all the benefits of their counterpart but none of the downsides. Learn more: https://www.quora.com/profile/Jeremy-Goldstein-20