For many of the world’s most prominent corporations, sustaining a quality economic environment has become increasingly difficult. Jeremy Goldstein, the founder of Jeremy L. Goldstein and Associates, LLC, is one of the top executive compensation lawyers practicing in New York City, and throughout his years of practice, has experienced, personally, the volatile circumstances affecting employees, as well as long-term investors. Since delving into the field of law, Mr. Goldstein has worked with a multitude of internationally recognized corporations, including Goldman Sachs, Bank of America, and Verizon. He recently offered his expert opinion regarding incentive-based programs, in particular Earnings per Share, and the debate that has been forming within the industry in recent years. In most cases, Earnings per Share, are a positive thing in reference to employee incentives, and for shareholders, the stock price is significantly influenced by this. According to the latest studies, Earnings per Share, when included in the overall structure of a corporation’s payout methods, have shown to directly affect its success rate. Despite this fact, the use of Earnings per Share can be manipulated by a company’s top executives in order to skew results pertaining to the metrics, and whether or not they are being met. According to Jeremy Goldstein, corporations that would like to continue the use of Earnings per Share should come up with a compromise that would allow CEO’s and other executives of these corporations to be held personally responsible when tactics are misused. Because Earnings per Share often help to spur the productivity of a corporation, they can be considered an overall positive, and due to this fact, holding a company’s top executives responsible will ensure that a company’s long-term goals are on par with the pay per performance incentives offered. Doing so will give the company a greater chance at long-term sustainability in regards to its overall growth and development.
Jeremy Goldstein is an executive compensation lawyer, practicing in New York City, as well as the head of his own firm; Jeremy L. Goldstein and Associates, LLC. Before Mr. Goldstein headed his own boutique firm, he worked at the larger firm, Wachtell, Lipton, Rosen, and Katz where he was a partner. He received his Doctor of Jurisprudence degree from New York University School of Law and also received degrees from Cornell University and The University of Chicago. He has worked with a number of companies within the cellular, banking, and oil industries, and today is listed as one of the top lawyers in the country according to the Legal 500.
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