Several determinants influence the sustainability of the economic environment. Managing these factors is not an easy task for numerous corporations. Jeremy Goldstein has observed this situation and understood what it could cause. Long-term investors and employees are at risk of losing incentives. Jeremy is an attorney of the law, but he is also knowledgeable in finance.
During his career, Jeremy worked with Verizon, Goldman Sachs and Bank of America. This experience gave Jeremy knowledge about earnings per share. Jeremy outlines the benefit and shortcoming of using performance-based pay programs. EPS are an ideal strategy, concerning employee incentives. For investors like shareholders, EPS determines whether they will buy or sell stocks. Research has proved that using EPS in the pay structure will make companies thrive more.
The downside of EPS is when it is faced with competition. EPs can cause partiality towards CEOs of companies and favoritism. CEOs will have power over metrics instead of having collective control. As a result, this situation will result in inaccurate results.
Jeremy Goldstein believes a compromise is a solution to the benefits and shortcomings of EPS. Companies do not have to eliminate EPS or pay per performance. Instead, they can choose to make CEOs and executives accountable for what they do. It will ensure that pay per performance is by the long-term goals of the firm. This approach will guarantee sustainability and recurrent growth in shares.
Today, Jeremy Goldstein owns his law firm. He attended New York University School of Law. His time with large entities prepared him to become a successful attorney. Jeremy’s name appears in the list of the Legal 500. He was also included in the Chamber USA Guide to America’s Leading Lawyers for Business.
Apart from representing clients, Jeremy has authored various journals of law. He ensures his work is recent information that will help all the audiences. His reputation has earned him positions and recognition in certain places. Jeremy sits on the advisory board of the NYU Journal of Law and Business. He also chairs the committee of Mergers and Acquisitions of the Executive Compensation.
Doing business is not enough for Jeremy Goldstein. He believes in CSR and giving back to the community. Making a positive impact in the society is important. For this reason, he donates to Fountain House. It is an organization that helps people with mental illnesses. By supporting this organization, he knows he is there for people who need his help.
Connect with Jeremy Goldstein on LinkedIn.