Jeremy Goldstein is an attorney and a Partner at Jeremy L. Goldstein & Associates, LLC. The law firm is based in New York City. It specializes in issues of executive compensation.
The traditional compensation package for an executive includes benefits, possibly including a company stock option. In addition to an executive level salary, many received a substantially higher income level factoring in stock ownership. This can be highly lucrative for an executive when a stock is on the rise. If the stock declines in value, or is experiencing a great deal of volatility, it is questionable as to what the value of the benefit really is, as part of a compensation package.
Jeremy Goldstein works with corporations, management teams, CEOs, and CFOs. At times when a company is involved in a merger or an acquisition, the issue becomes a major concern. The boutique law firm of Jeremy L. Goldstein & Associates is highly regarded for its legal expertise in that area. There are other reasons that a company may reconsider the inclusion of a stock option.
Jeremy has an extensive educational background. He attended New York University School of Law and the University of Chicago. Jeremy graduated NYU with a J.D and an M.A. at the University of Chicago. He also attended Cornell University in Ithaca, New York, where he earned a B.A. He has been practicing law for many years. Prior to opening his own law firm, Jeremy worked at the law firms of Wachtell, Lipton, Rosen & Katz, and at Shearman & Sterling. Companies will frequently call in specialized legal counsel to help with such matters as compensation and corporate governance issues. Jeremy’s law firm specializes in the specific laws pertaining to both of these issues.
Jeremy recommends that a company offer an employee the benefit of a stock option, but with a caveat. He is in favor of its inclusion in a compensation package, as long as it is accompanied by a knockout clause. There are costs involved and tax implications when a stock option is implemented. A viable solution is a knockout clause, in which a specific time frame is set forth. If a stock drops for a specified period, the stock option is eliminated. The corporation can set the time frame, be it 30 days, or 60 days, or as they elect. This in effect takes the risk factor away in a legally acceptable way. Learn more: http://jlgassociates.com/