When it comes to the myriad of issues affecting the financial climate of corporations throughout the world, Jeremy Goldstein, an attorney practicing in New York City, as well as the founder of Jeremy L. Goldstein and Associates, LLC, is quite the expert. In recent years, there has been a debate amongst industry insiders as to whether these corporate titans should continue to utilize incentive programs, particularly Earnings per Share, for their employees. Earnings per Share programs are usually viewed as being beneficial to employees, as well as shareholders due to the impact that they have on stock price. When employees are given these incentives, studies support that they go above and beyond for the corporation due to the fact that it is mutually beneficial for all parties involved. These studies also support the idea that companies that choose to implement Earnings per Share within their system of pay, tend to have higher rates of success than those who do not. The problem lies in the power that Earnings per Share incentive programs tend to yield to the Chief Executive Officers who utilize them. Because of the heavy impact that these incentive programs play on the stock price, executives may attempt to manipulate the way metrics are being met. According to detractors of these incentive programs, the metrics associated with them only affect companies positively in terms of short-term profit. In other words, Earnings per Share programs produce metrics that are not sustainable. Jeremy Goldstein believes that the solution is in, both holding CEOs accountable regarding metrics, as well as ensuring shareholders that the metrics associated with Earnings per Share are on par with the company’s long-term trajectory. This would ensure sustainability, as well as repeatability for the company.
Jeremy Goldstein currently practices law in New York City and is the head of Jeremy L. Goldstein and Associates, LLC. Before Mr. Goldstein decided to branch off and form his own firm, he was a part of Wachtell, Lipton, Rosen, & Katz, where he was a partner. He attended college at Cornell University where he garnered his Bachelor of the Arts Degree and later attended New York University School of Law, where he received his Juris Doctor Degree. Since entering into law, Jeremy Goldstein has overseen, or participated in a multitude of noteworthy financial transactions between a number of the world’s foremost corporations, helping them to close deals that have helped to shape the business world.