If there is one thing that is for certain, it would be the fact that New York City lawyer Jeremy Goldstein will advocate for employees and investors and advise corporations on how to appropriately create a work environment where everyone has an equal playing field. His latest round of recommendations focuses on how to properly compromise when it comes to employment incentives.
One of the areas in which Goldstein is particularly adept at would be in counseling corporations regarding EPS, or Earnings Per Share. This somewhat-tricky area is what drives investors to buy or sell, but it also can be a great way to handle employee incentives. Of course, EPS trading is very competitive, and there are definitely times where corporations can use the EPS model to garner themself an unfair advantage.
While an EPS system definitely has it’s share of advantages, it also has it’s share of critics as well. One of the things they love to point out is that in corporations with an EPS system there is a tendency to show favoritism. Critics essentially feel that narcissistic CEOs could abuse the system.
Another factor critics point to would be that the EPS model seems to only favor short-term growth and results. According to them, the impetus for long-term growth and expansion of the corporation.
Jeremy Goldstein sees these issues, and he feels a compromise is in order. Simply put, Goldstein’s suggestion is to find a way to hold these CEO’s accountable without doing away with the model. He also strongly encourages companies to make sure their EPS system is in line with their long-term goals.
Jeremy Goldstein is supremely qualified to examine these areas because he graduated from the New York School of Law with a Juris Doctor in 1999. He also received a Bachelor of Arts in Art History from Cornell University in 1995 and a Master of Arts in Art History from the University of Chicago in 1996.
Goldstein’s professional career began when he accepted a position as an Associate Lawyer at Shearman and Sterling from August 1999 to July 2000. He then moved on to Wachtell, Lipton, Rosen and Katz and worked there for 14 years until the Summer of 2014. After that, Jeremy Goldstein founded his own firm, Goldstein and Associates, and he has been the principle architect of the firm to this present day. He instills in all of his associates the need to be an advocate for everyone who might be affected by corporate law. Learn more: https://www.slideshare.net/JeremyGoldstein14/aci-compensation-committee-presentation-2016