What does it say about someone who everyone trusts? That can only mean they know what they’re talking or people are playing an elaborate prank on them. When it comes to Jeremy Goldstein, the latter is highly improbable. It’s most likely that people Jeremy Goldstein because he knows what he’s talking.
After all, he’ been a business lawyer for over 15 years and worked at one of the most prestigious law firms in New York before establishing his boutique law firm. His firm, Jeremy L. Goldstein and Associate, works with a number of high-profile CEOs and corporations, as well as compensation committees and management teams.
Lately, he’s been offering his advice on employee benefits and why corporations should continue offering stock options. A lot of corporations stopped providing stock options when the trend appeared about ten years ago. Since then, many of them started substituted stock options with equities.
Equities don’t work exactly like stocks, but it’s similar enough to make an easy switch. Sadly, a lot of corporations are eliminating stock options in favor of easier compensation methods. This is what Jeremy Goldstein is trying to prevent; too many companies doing things because of ease instead thinking about the big picture.
He feels as though these corporations don’t remember the advantages of stock options. Regardless of what kind of stock it is, it’s easy for employees to understand where they are with the company. That kind of understandable equivalency is important these days.
Another big reason to perhaps reinstitute stock options is recent IRS rules may affect companies’ plan to offer equities. As the IRS comes out with more rules, equities are becoming harder to provide. In the long run, it may cost more to offer equities to offering stock options; it also comes with more tax burdens.
The obvious reason to choose stock options is the benefit of boosting personal earnings. When people see their work directly affecting the company’s stock value, they may work harder to make the company more successful. That could include making current customers happier and developing more innovative products to attract new customers.
Whether a company wants to continue using stock options or not, it’s advised that they talk with their accountant. After a long discussion that looks at all their options, then they can make an informed decision that’s best for their current situation. Learn more: https://thereisnoconsensus.com/jeremy-goldstein-explains-knockout-options-help-employers/