Jeremy Goldstein, a prominent and highly experienced corporate governance attorney has some advice on corporate benefits. More specifically, he gives the advantages and disadvantages of stock options used as benefits for employees. Many corporations and even their employees have been shying away from these types of benefits in lieu of something more financially stable, or at least tangible. These concerns are of course fueled by economic downturns over the years, which have rendered such benefits as useless. Many watched their 401k and other retirement accounts dwindle down to nothing. Jeremy Goldstein also notes that these types of traditional stock options and retirement investing tools create a burden on companies due to additional accounting costs from having to monitor the investments constantly.
Jeremy Goldstein provides a solution to this problem that would be more beneficial to both employers and employees. The proposed solution is known as a “knockout option.” This option allows employers to give stock options to employees providing the stock price stays within a certain range. Once the price drops below the range, it drops off and retains its sold value. Similar to “scalping,” the accounting burden is also reduced as the monitoring demands are reduced. The company is able to enjoy the benefits of providing stock options, such as increased employee loyalty and productivity. A full article is available on the blog site Jeremy Goldstein contributes to at https://thereisnoconsensus.com/jeremy-goldstein-explains-knockout-options-help-employers/.
Jeremy Goldstein has many years experience in corporate governance, employee compensation, and other issues dealing with corporate benefits of executives and employees. He is a partner at Jeremy L. Goldstein and Associates and has well over a decade and a half of experience in corporate law. Graduating from the New York University School of Law with distinction, Goldstein’s educational attainment also includes a master’s degree and a bachelor’s degree in the arts. Being a well-rounded attorney, he’s taken on such corporate giants as AT&T, as well as many other technology companies and even large retailers. He gladly shares his wealth of knowledge not only on legal blogs but also with academic contributions to Harvard University among others. Jeremy Goldstein sets himself apart from the crowd and brings a special human element to a seemingly tough business.
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