Jeremy Goldstein is considered to be one of the best in the industry for legal advice associated with workers benefits. Many corporations often seek his advice because of his experience — over 15 years in the legal industry as a lawyer. In addition, Jeremy Goldstein has established his own independent firm and worked with a comparable organization in New York.
Stock options have been a staple of all companies in America since its invention. Unfortunately, this may come to a halt because American corporations have stopped providing its employees the option. Jeremy Goldstein believes there are three main reasons corporations decide against stock options.
Firstly, Goldstein firmly believes that when the stock price drops below profitability, employees are no longer interested, nor motivated to depend on the option, rendering it useless. All businesses have expenses and often, they cause the price to dip, which leaves the stockholders on a hang. Secondly, many employees are skeptical about the option. They are fully aware of the economic downturns and situations, thus they tend to avoid stock options. Lastly, these options are a tremendous burden on the financial aspects of the business. In simpler terms, businesses constantly lose money when they have the stock option available.
Although the problems may seem evident, there are clear advantages to having stock options. For example, employees will prefer it over other compensation methods such as additional wages. In essence, they provide value to the employees.
As Jeremy Goldstein explains, the solution to this problem is the knockouts option. These have the same effect as the stock options but with a key difference, if the stock price falls below a certain limit, employees lose their option altogether. This could have several benefits and fixes many of the problems with stock options.
With such experience and expertise, the knockouts option is only one of several workers benefit solutions provided by Goldstein. He has played an important role in various companies such as Verizon, Chevron, and Merck. In addition, he has served on eminent boards all over America.