When it comes to employee benefits and picking the right compensation method, there’s no one New York corporations trust more than Jeremy Goldstein. Jeremy Goldstein has more than 15 years experience dealing with executive compensation and corporate governance. He’s also a partner at his own law firm, Jeremy L. Goldstein and Associates.
When he’s not working, he’s dedicating his time to local nonprofits. He’s not really into just giving them money; he prefers to actually sit on the board of those charities and offer his support that way. The main charity he works with is called Fountain House, which is dedicated to the recovery of patients with mental illness.
Currently, Jeremy Goldstein spends most of his professional time talking with clients about employee benefits. It’s a sad fact that a lot of corporations have stopped providing stock options. Stock options used to be the number-one benefit that companies offers but not anymore.
This recent change in corporate behavior has to do with companies not wanting to risk their employees’ benefits. Employees also don’t want stock options anymore; they want higher salaries and better insurance coverage. Most companies see no reason not to give them what they want.
Regardless of how people feel about stock options, Jeremy Goldstein recommends that more companies should continue offering them. Stock options come with more advantages than any other form of compensation. Just because they’re also the riskiest doesn’t mean that companies should eliminate them entirely.
Jeremy Goldstein is not saying that every company should provide stock options. Some companies would do better offering some other benefit if they decide to offer benefits at all. Some companies are too small for that at their present size. The only way to know is to talk with an accountant. Learn more: https://www.linkedin.com/in/jeremy-goldstein-26aa1b4
That’s one thing that Jeremy Goldstein and the opposition can agree on; talking to an accountant. Before any company makes a final decision, they should talk with their accountant. If they decide to go with stock options, they’ll need to talk about which stock option is best for them.
There’s more than one type of stock option. Jeremy Goldstein recommends companies look into “knockout” stock options. They come with all the benefits and less risks. Knockout options also prevent people from acting on impulse by not allowing them to cancel the option until the value drops below a certain point.