In the recent past several corporations abolished employee stock options. This new trend resulted from various challenges such as overhang associated with stock options. Contrary to the public opinion which alluded this step as potential strategy of cutting on expenses, firms are actually persuaded to take back this benefits for more comprehensive reasons.
Overhang of stock option often result from economic downtimes, the latter renders options worthless. As a result options end up posing unnecessary accounting burden. This type of compensation is widely preferred because of better insurance coverage, equities and extra wages as a result employee focus on the company success. Learn more about Jeremy Goldstein: https://www.avvo.com/attorneys/10019-ny-jeremy-goldstein-978103.html#client_reviews and https://www.visualcv.com/jeremygoldstein
It is important to mention that stock options challenges can now be mitigated by barrier option called Knockout. This option allows companies who prefer options to continue exercising it a form of compensation. Knockout is beneficial because it helps in overhang management and prevention.
Jeremy Goldstein is an active partner at Jeremy L. Goldstein & Associates LLC, a boutique law firm mainly dedicated to advice chief executive officers, compensation committees, corporations and managerial teams. The firm particularly advice on corporate governance matters and executive compensation. Read more: Exclusive NYC Wine Dinners Hosted by Attorney Jeremy Goldstein and Friends over 56000 for Fountain House and Jeremy Goldstein | Ideamensch
Earlier in his career, Jeremy Goldstein worked in one of the prominent New York firm as a partner. Important to note is that Jeremy has directly been involved in various transactions carried out by major corporates. The latter has equipped him with exclusive skills and over 10 years of experience. A case in point, Jeremy was personally involved in United Technologies Goodrich acquisition.
Jeremy Goldstein now chair the mergers & Acquisition Subcommittee at American Bar Association Business Section. He is a frequent writer and speaker on executive compensation and corporate governance issues. Goldstein attended New York University from where he obtained a J.D, he also received an M.A from the University of Chicago and later a B.A. cum Laude from Cornell University.