Corporate executives have begun eliminating stock options from employee benefit packages. They claim to do it in order to save money. Corporate lawyer Jeremy Goldstein says there are other reasons for their decision. A major drop in stock option value will immediately turn these options worthless. Another concern that employers have brought up is that these options can cause massive burdens for corporate accountants, making pay raises seem more of a reasonable option over stock options. Learn more: https://www.facebook.com/jeremy.goldstein.12
Options are preferred because they encourage workers to increase the company’s value which increases the stock value. Options are a tax-free benefit, allowing the company to save some money. Jeremy Goldstein has recommended companies consider offering knockout options. Knockout options have the same requirements as standard options. Employees will lose the options if they drop below a certain value over a week. Also, stockholders are not facing threats of over-hang. Companies can benefit by waiting six months before offering new options, or they face a negative impact on their quarterly financial statement.
Corporations have begun turning to Jeremy Goldstein for advice on corporate governance and executive compensation. Jeremy Goldstein is the founder and partner of Jerermy L. Goldstein and Associates. He attended college at Cornell University and majored in art history. Jeremy Goldstein also received a Masters in Art History. He earned his law degree from New York University School of Law. Jeremy Goldstein was previously partner in Lipton, Rosen & Katz from 2000 to 2014.
Jeremy Goldstein has overseen many corporate transactions that have involved several of the country’s top companies including Verizon, AT&T, United Technologies, Chevron and Duke Energy. Jeremy Goldstein serves on the board of several organizations including the Fountain House. Jeremy Goldstein continues to provide legal advice to those in the corporate world who are looking for an alternative to stock options.