Creating a positive economic balance for businesses has always been tough to pull off. Jeremy Goldstein has witnessed many difficulties that can arise from an unhealthy balance between share holders and employees, largely resulting in reduced incentives for long standing employees. Having worked with huge names such as Goldman Sachs, Verizon, and Bank of America, Goldstein has recommended a way to handle the use of Earnings per Share (EPS) and many other incentive-based programs. He has also provided his opinion of the use of performance-based pay programs. Learn more: https://twitter.com/jeremy_gold1
EPS is typically a good thing for both share holders and employees. EPS is what shareholders look at when debating to buy or sell and it provides incentive for companies to raise employee wages. While EPS does seem advantageous, with the competition between shares and trading, ot can allow entities to use EPS to an unfair advantage. EPS can lead to favoritism towards CEOs and higher ups, Best case scenario: this is simply misleading but at worst: highly illegal.
Jeremy Goldstein recommends a compromise between the those for and those against EPS. Rather than getting rid of all pay per performance incentives, find a way to hold the higher ups in companies responsible for their individual actions by making sure their performance pay matches the long term goals of the company. This way, employees are still given incentives for their hard work and the long-term growth of the company is laid out.
Who is Jeremy Goldstein?
Prior to founding his own firm, Jeremy L. Goldstein was a partner at the law firm Wachtell, Lipton, Rosen & Katz. Since 2014, Mr. Golstein has been a partner at Jeremy L. Goldstein & Associates LLC, a boutique law firm in New York City dedicated to helping businesses. He has a Juris Doctor Degree from New York University School of Law, a Master of Arts Degree from the University of Chicago and a Bachelors cum laude with distinction in all subjects from Cornell University.
As well as working on cases with the huge companies above, Goldstein has worked with several cellular, banking, oil and petroleum, and stockholder companies. He also belongs to the American Bar Association Business Section and is the chair of the Mergers and Acquisitions Committee of the Executive Compensation Committee. Jeremy often donates to Fountain House, supporting them in their aid to those with mental illnesses.