The knockout option of compensation from Jeremy Goldstein’s view
Jeremy Goldstein is the founder and a partner at Jeremy L. Goldstein & Associates, LLC. He is a renowned Lawyer. His company focusses on advising clients on corporate governance and compensation of executives.
Jeremy Goldstein has been a part of many large corporate transactions and is the chair of Mergers and Acquisitions subcommittee in the business section of the American Bar Association. He has played a part in the acquisition of the Goodrich by the United Technologies among others.
Jeremy Goldstein writes and gives talks on issues and solutions on the compensation of executives and the governance of corporates. Jeremy Goldstein is also a part of the New Leadership Council of the Make-A-Wish Foundation, a charity program that focuses on the recovery of men and women who suffer from mental illnesses.
Jeremy was advising employers on how the knockout compensation option may be beneficial to their companies. It is easy for the members of the staff to understand stock options.
With this in mind, the employees are likely to prioritize the success of the company since it directly impacts their personal earnings. Learn more about Jeremy Goldstein: https://www.business.com/advice/member/p/jeremy-goldstein/
The employees will be motivated towards better customer service and satisfaction in order to maintain and grow their relationships with their clients. This ensures a growth in company sales and, in turn, a higher income turnover for the staff.
The knockout option, provided by Jeremy Goldstein, is not an answer to every problem but it curbs the biggest challenges that are associated with the stock- based compensation option.
Any company that uses the knockout compensation option must communicate with its auditors on the results likely to arise when this option is given to its employees. It important to assess a situation where the employees fall above or below the threshold and what impacts that will bring to the company’s returns.