A New York corporate law attorney by the name of Jeremy Goldstein has recently offered some advice to help employers and their employees. Rather than offering traditional stock options, they can offer an alternative called “knockout options.” These options operate similarly to regular stock options, however, once they drop to a particular price, the options are then sold. This benefits both the employer and employee for several reasons.
First, the knockout options offer employees more confidence that their money is safe. Regular stock options can dwindle down to nothing at times, as seen in several stock market crashes over the last decade. Second, the accounting is much easier for both the employer and employee. The stocks can be trusted to be at a minimum of a certain stated amount. This reduces the burden of the employer having to constantly assess the value, and, the employee can count on a minimum amount of money to be in their account. Lastly, the benefit is value added for both the employer and employee. The risk is reduced considerably. Employers can save money using this option rather than simply increasing salaries. Employees are more likely to do a good job and be loyal to a company knowing their benefits are secure, and, that they are receiving a reward for their efforts.
Jeremy Goldstein has not only represented some of the largest corporations in the country, he’s also a very experienced attorney. He’s recently started his own boutique law firm of Jeremy L. Goldstein and Associates. He was a partner at another well-recognized firm previously. Goldstein is a graduate of New York University’s School of Law and graduated with distinction. He also has a bachelor’s and masters degree in Art History, also. from well-known schools. He’s contributed to scholarly publications at Harvard University on corporate governance. He’s also contributed to NYU’s Journal of Law. Jeremy Goldstein is clearly a well-rounded attorney making a difference in the way business in conducted in the corporate world.