Over the years, the sustainability of the economic environment of many of the world’s most well-known corporations has become considerably more complex than in the past due to the many factors that go into the process. Practicing in New York City, the founder of Jeremy L. Goldstein and Associates, LLC, Jeremy Goldstein, has had many first-hand accounts of the effects of situations regarding a corporations economic sustainability. Incentives for employees, as well as shareholders, are under constant threat. Since delving into law, Mr. Goldstein has worked with a number of highly-regarded corporations throughout the world, including United Technologies Corporation, where he played an integral role in its deal with Goodrich, as well as with Goldman Sachs, Verizon, and Bank of America. As an active contributor to research and articles on executive compensation and corporate governance, Jeremy Goldstein recently shared his opinion regarding incentive-based programs such as Earnings per Share. Typically regarded as a plus for most corporations, Earnings per Share is one of the major influencers of a corporation’s stock price. Stockholders are often driven to buy or sell their shares based on Earnings per Share, and according to many of the latest studies, companies that implement this practice are generally more successful. While there are many obvious benefits implementing Earnings per Share in a company’s program, the nature of the stock market, as it is inherently competitive, can drive executives and CEO’s pursue unfair advantages that can often be deemed unethical or illegal. Within the industry, there is a current debate going on, with many people deeming the practice unnecessary, but for those who choose to implement Earnings per Share, Jeremy Goldstein believes compromise is the solution. He believes that proponents, as well as detractors of Earnings per Share, should find a way to hold CEO’s and executives that misuse the practice should be held responsible for their actions, instead of eliminating pay per performance incentives.
Jeremy Goldstein is an executive compensation lawyer practicing in New York City, who heads the boutique law firm, Jeremy L. Goldstein, and Associates, LLC. Since beginning his career in law, he has been a partner at Wachtell, Lipton, Rosen, and Katz, and has also worked on many of the most groundbreaking financial transactions amongst major corporations in the United States, as well as abroad. Mr. Goldstein studied as an undergraduate at Cornell University before receiving his Doctor of Jurisprudence degree at New York University School of Law. He would late go on to garner his M.S. at the University of Chicago.
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