New York’s top executive compensation lawyer Jeremy Goldstein is encouraging employers from not abandoning stock options. His advice could not come soon enough. Companies have begun eliminating stock options from corporate benefit packages as a way to save money. While others are getting rid of them for more complex reasons. Jeremy Goldstein has introduced companies to knockout options. Learn more: https://www.linkedin.com/in/jeremy-goldstein-26aa1b4
Knockout options have the same time limits and vesting requirements as the other options but if the value falls below a certain level, employees will lose them. Knockout options reduce the burden placed on corporate accountants as well as eliminates the risk of overhead costs to stockholders. Because employees will lose them if the stock value falls below a set number, employees will work harder at keeping clients and find creative ways of bringing in new clients.
Stocks generally increase the value of a company, benefiting everyone in the end. Employers have gotten rid of stock options is because they are a burden on the accountants and put stockholders at risk of overhead costs. If the economy takes a dive, the options can become worthless, not allowing employees proper time to execute them.
Jeremy Goldstein is a corporate lawyer specialized in corporate governance and executive compensation. Jeremy Goldstein is founder and partner at Jeremy L. Goldstein and Associates. He has been a key figure in many of the country’s top corporate transactions involving companies such as AT&T, Verizon, Merck, and United Technologies. Jeremy Goldstein has been a corporate lawyer for more than a decade. Jeremy Goldstein earned his law degree from the New York University School of Law. Jeremy Goldstein continues to help corporate executives find the best options when it comes to executive compensation and benefits. Jeremy Goldstein worked at several law firms during his lengthy career as a corporate lawyer.