Navigating the complex world of workplace incentive programs can be nerve wracking to both employers and employees. For this reason, drawing the fine line often requires sound management and expertise. New York City lawyer, Jeremy Goldstein is an expert in incentives and performance based pay programs. According to the NYC Inquirer, Jeremy’s executive work experience has seen him serve in companies like Bank of America and Goldman Sachs. Earnings Per Share (EPS is a positive program that is hugely rewarding if handled appropriately. For the shareholder, who regularly benefit from selling and buying company shares, EPS is a potent influencer of the share price. In some workplaces, employers use the EPS as an added incentive given on top of the employees pay. The strategy here is to enhance productivity and make the company successful.
In spite of its numerous benefits, business dynamics, from competition to restructured trading practices can either boost or erode the company’s bottom line. Opponents of EPS believe it can cause undesirable effects such as favoritism in the workplace. In some cases, company executives may also be forced to skew results in order to drive the sale of shares, a fact that can lead to misleading pronouncements and serious illegalities. In his wisdom, Jeremy has come up with a compromise solution that conjures both the pros and cons of EPS. He suggests that instead of hastily eliminating workplace incentives like pay per performance, CEO and company executives be held accountable for every action they take. Secondly, the pay per performance incentive be measured against long term company performance to ensure more sustainable growth and steady share performance.
About Jeremy Goldstein
Jeremy is a Founding partner of the NYC based boutique law firm, Jeremy Goldstein & Associates, LLC. According to Ali Baba, the law firm offers compensation and governance advice to management teams, CEO’s and compensation committees. The highly decorated attorney holds a JD from the New York University School of Law. His academic sojourn saw him study for his MS and BA at the University of Chicago and Cornell University respectively. Before becoming a partner at Jeremy Goldstein & Associates, Jeremy served at Watchtell, Lipton, Rose and Katz law firm as a partner. Learn more: http://www.whitepages.com/business/jeremy-l-goldstein-associates-llc-greenwich-ct
Some of the corporate clients he has advised over the years include Dow Chemical, Merck, Duke Energy and Verizon Wireless. His name is firmly edged on publications like The Legal 500 that regularly discuss executive compensation and corporate governance issues. In terms of association, Jeremy is a member and regular contributor of several organizations, including the Fountain House, the American Bar Association Business Section and the NYU Journal of Law and Business. At the American Bar Association, Jeremy is also the Chair of the Merger and Acquisition Subcommittee.