Phil Lankers reports to NYCInqueirer the recommendations Jeremey Goldstein makes regarding employment incentives. Jeremy Goldstein is an NYC lawyer who offers insights on Earnings per Share (EPS)and other various incentive-structured programs in contrast to performance-based programs. EPS programs are generally viewed as a positive program for both shareholders and employees.
EPS is a major influencer in stock price as well as what has motivated shareholders to purchase, sell, and provides a motivation for corporations to increase how much they pay out each associate.
Criticisms of EPS concern the bias of favoritism that can occur within the corporation. The metrics in which the EPS is structured allows high-level associates and CEOs a large amount of influence and power on whether numbers are being fulfilled in reference to the guidelines of EPS. This overall taints the results making them inaccurate and skewed. For shareholders the bias within the numbers spearhead them to drive share sales that holds the connotation of being misled or even illegal.
Jeremey Goldstein suggests finding a way to hold high-level associates and CEOs accountable for their action by ensuring their corporation’s pay per performance is measured and matched the long-term roadmap and goals of the corporation. This particular structure envisions the long-term growth and sustainability of the company as well as an accurately measured and repeatable share growth.
Jeremy Goldstein currently serves as a partner as Jeremy L. Golden & Associates LLC, a law firm that specializes in guiding compensation teams, CEOs, management, and executive compensation within corporations. The firm also specializes in corporate governance matters.
Jeremy Goldstein earned his Juris Doctorate from New York University School of Law. After having earned his M.S. from the University of Chicago and a B.A. cum laude (with distinction in all subjects from Cornell University) Mr Goldstein became a partner at the law firm Wachtell, Lipton, Rosen & Katz.
Mr. Goldstein has been involved in numerous large corporation transactions including acquisitions with big-name brands such as: Goldman Sachs, Bank of America Corporation, Miller Brewing Company, etc. Today, he is a member of various New York foundations and charities as well as sits on the board of the American Bar Association Business Section. He also frequently speaks and writes on executive compensation and corporate governance.
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