Jeremy is a reputable business lawyer who provides insightful legal advice in the management of companies. He is the founder of ‘Jeremy L Goldstein and Associates, LLC.’ Jeremy’s over 15-years of experience as a business lawyer in providing significant roles in major transactions that involve top companies such as Duke Energy has earned him great reputation forcing corporations to turn to him for legal advice concerning employee benefits. This is due to the great influence that shareholders activists have in today’s environment in the corporate business. These companies have to review their compensation programs to ensure that they take into account the effects of the shareholder activists’ wave of current.
Most firms opt to stop providing employees with stock options in order to save money. This is due to three major problems that include; the probability of significant drop of stock value that may hinder employees exercising options, many employees becoming wary of the compensation method, and the considerable accounting burdens. The compensation method, however, provides equivalent value to all employees, boosting individual earnings in case of the rise of the corporation’s share values.
Jeremy advice firms to adopt the right strategy and embrace a “knockout” barrier option so that the companies can continue to award employees options while at the same time get the benefits and cuts on the costs. The “knockout” mechanism assist firms to lower the initial accounting costs if a company’s stock is comparatively volatile. By this, stockholders’ worries on shrinking ownership shares are reduced. The knockout clauses that result in compensation figures being lower, looks better for shareholders. Many of the biggest hindrances associated with stock-based compensation are eliminated even though the knockout option is not providing solutions to all problems.
Jeremy has independently established a law firm in New York and is now serving as a board member of Fountain House-a prestigious law journal and nonprofit firm. His professional explanations on knockout options have helped many employers in the company management affairs.