Jeremy Goldstein tips to achieving success in business

With the help of successful people in entrepreneurship through their advice and sharing of their life stories and experiences, the young and prospective entrepreneurs can find it easy to cope up with the challenges in entrepreneurship and be able to reap the benefits of entrepreneurship.

One of these successful entrepreneurs is Jeremy Goldstein who is the Co-Founder and one of the partners at Jeremy L Goldstein and Associates.

It is one of the most prominent law firms in the United States which specializes in advising the firms and other entrepreneurs on matters such as the compensation of committees, CEOs, corporate governance as well as the management teams.

Jeremy Goldstein has an undergraduate degree in business administration from Cornell University, a degree in Law from the University of New York as well as a master’s degree from Chicago University.

He has a vast knowledge and experience in his career since he has worked in a large number of companies including the law firms before coming up with the idea of staring his ventures.

As a focused entrepreneur, Goldstein always made observations which he used to come up with new ideas. He observed how big corporations had difficulties when it came to the process of compensating the committees. Read more: Jeremy Goldstein | Quora and Jeremy Goldstein | Slideshare

The firms that were there to advise on the compensation matters were not doing quite well in that and therefore he decided to start his law firm which could serve the same purpose but in an improved manner.

In one of his interviews, Jeremy advises entrepreneurs to have the ability to manage time and be dedicated towards the satisfaction of their clients so as to achieve their main objectives which are profit maximization.

He says that he gives full commitment and also deals with the clients who have issues that fit or match with his career to ensure quality satisfaction of his clients.

He also tries to maintain a healthy relationship with his clients and try to understand them well because retention of the customers is one of the most important values that an entrepreneur should possess to be more productive.

He also believes in making the right adjustments in the business operation. It is not right to wait until it’s too late to make the required corrections because this might cost you adversely.

He gives an example of he was advice by one his clients about buying new technologies and he followed the advice which has helped him to be who he is until today.

Jeremy Goldstein

According to Jeremy Goldstein, there are several elements that promote an organization’s sustainable economic background. In most cases, organizations are finding it hard to establish such elements that could otherwise lead to their better performance. More so, these organizational elements have led to the organization’s workers not to enjoy their incentives. Additionally, shareholders are also not left out when it comes to these elements because they are always finding themselves as losers at the end of the day. Jeremy Goldstein has previously worked in big organizations such as Verizon, Goldman Sachs, and Bank of America. Mr. Goldstein received enormous experience from these companies making him able to provide counsel on the use of Earnings per Share (EPS). Additionally, Jeremy also offers advice on several programs based on incentives as well as understanding on pay based on performance.

Jeremy claims that EPS is one positive thing that should be included when employees’ incentives are involved. In addition to this, shareholders are also influenced by the EPS mostly on the stock price. EPS motivate shareholders to either sell or buy a stock. Furthermore, EPS influences a company’s incentives to increase the amount of money every employee is paid. Besides, organizations become more successful after implementing EPS in their pay constitution. Hence, EPS is an important program to consider in a company strategy.

However, there is a lot of criticism regarding the implementation of EPS into the structure of pay within an organization. For example, critics claim that EPS will bring about favoritism and it may not always consider the individual performance of an employee. Besides, the critics argue that this program may allow managers and CEOs to have more powers in terms of taking into consideration whether the EPS metrics will be realized or not. In addition to this, the profits that EPS can bring to an organization will be for a short term and that it does not provide any sustainable means to encourage an organization’s growth.

Jeremy Goldstein works at Jeremy L Goldstein & Associates LLC, as a partner. Jeremy L Goldstein & Associates LLC is a law company dedicated to offering counsel to compensation committees, CEOs, and management teams on company compensation as well as corporate governance. He has been involved in several large acquisition transactions such as Goodrich by United Technologies, Merck/Schering Plough Corporation, Goldman Sachs, TPG/ALLTEL Corporation and many more.

Goldstein currently is involved in the American Bar Association Business Section as well as the Mergers and Acquisitions Committee chair of the Executive Compensation Committee. He often contributes to Fountain House, in their efforts to help individuals suffering from mental illness. Learn more: https://www.slideshare.net/JeremyGoldstein14/

Jeremy Goldstein Explains the Value of Employee Stock Options

Jeremy Goldstein notes that stock options for employees have lost ground with a number of companies. Usually, companies award options to attract and retain top talent. Some companies suspended them to save money. However, there are complex reasons that need examining:

  • A stock’s value can significantly drop, which can make it impossible for an individual to exercise their option. As such, businesses would still need to report their expenses even though facing the risk of a stock option overhang.
  • Employees no longer have the same enthusiasm toward options. They are smart, and they know that a downturn in the economy can eliminate their stock’s value.
  •  For the employer, awarding stock options may accrue accounting challenges. As such, the cost may outweigh the benefits.

While there is some pushback on stock options, Jeremy Goldstein also provides several advantages, form the employer’s point of view, to issuing stock options. Some employers prefer stock options to a wage boost or more insurance coverage. Stock options are also relatively easy for staff members to understand.

The fact also remains that options boost employee earnings only when the stock’s value rises. Jeremy Goldstein believes this can be an incentive for employees to place focus on their company’s success.

Jeremy Goldstein and his wife and four children live in East Asheville. His wife, Heather, is an attorney with the Van Winkle Law Firm. She also stays active in community projects.

Jeremy Goldstein received his degree in Public Policy in 1994 from Duke University. Goldstein runs a boutique law firm, Jeremy L. Goldstein & Associates, that specializes in compensation advisement.

Learn more about Jeremy Goldstein:

https://www.slideshare.net/JeremyGoldstein14/
https://www.slidaceshare.net/JeremyGoldstein14/22nd-annual-naspp-presentation-2014