Insights of the cooperate world by Jeremy Goldstein

Jeremy Goldstein is the founder and partner of Jeremy L. Goldstein and Associates LLC. This law firm focuses on advising management teams, chief executive officers, committees of compensation and corporations on matters concerning corporate governance and executive compensation specifically on issues that arise from sensitive situations and transformative corporate. Read more: Jeremy Goldstein | Chambers and Partners

Before establishing this law firm, Jeremy served as a partner at the law Lipton, Rosen, Wachtell and Katz. He has participated in various significant transactions over the past ten years which include the attainment of Goodrich by Duke Energy, United Technologies, Sanofi-Aventis, The Dow Chemical Company, Verizon Wireless and other more.

Jeremy is also the chairman of Acquisition and Mergers subcommittee. It is a subcommittee of the American Bar Association Business part, Executive Compensation Committee. By his frequent writing and speaking about executive compensation and corporate governance, Jeremy has been included in the list of the leading lawyers of executive compensation in Chambers USA Guide.

He is also a member of a board that advises the NYU Law and Business Journal, member of Fountain House board of directors, a board that is focused in to help ladies who have a mental disease and to see that men recover. They achieve that through their charity auctions. Learn more about Jeremy Goldstein: https://patch.com/new-york/new-york-city/jeremy-goldstein-hosts-wine-dinner-supporting-fountain-house and http://www.bizjournals.com/newyork/potmsearch/detail/submission/6423046

Recently, Jeremy Goldstein elaborated how knockout options can be of assistance to employers. But before he explained it, he gave three critical issues that often influence companies to restrict those benefits. Firstly, the value of the stock falls substantially making it hard for employees to practice their options.

Secondly, he said that many employees are worried about the compensation ways. They know that when the economy drops down their possibilities are considered worthless. Thirdly, options always lead to heavy accounting loads. Significant cost may hinder the financial benefits of those derivatives. Also, members of the staff do not take into consideration this advantage as worthy as the high salaries an employer can pay if it got done away.

Attorney Francisco Domenech is Also an Influential Politician and Philanthropist

Politank is a Puerto Rican law firm in which attorney Francisco Domenech is the managing partner. Politank offers lobbying, legal and strategic counseling and services, focusing on government issues in Puerto Rico and how they affect businesses and organizations. Politank works to develop strategies that most effectively represent business interests and are presented by the Politank group in legislative sessions. Domenech is not only an accomplished attorney, but he is also a philanthropist because he and his Politank colleagues participate in pro-bono work, community services, and giving to charities. Domenech is also an active participant in Puerto Rican Democratic politics in which he has earned for himself, an influential position for nearly two decades.

Under Politank, he has had the opportunity to support various causes for the last decade, most notably the Democratic party. Domenech has gained varied political experiences taking part in many things such as voter registration, fundraising, opposition research, canvassing, campaign management, and policy development. The expertise and knowledge Domenech had acquired in both the legal and political fields have made him very powerful in politics. Visit Reporter Expert to know more about Domenech.

Francisco Domenech had assisted the Puerto Rico Senate President Kenneth McClintock by being his Chief Legal Counsel. His responsibilities included giving legal counsel, conveying the Senate’s concerns in court sessions, and managing the internal and external legal counsels. Domenech was also selected as the Director of the Office of Legislative Services which included managing a 125-person staff and a $12 million yearly budget.

Since Francisco Domenech was recognized as a politically experienced and knowledgeable member of the Democratic party, he worked for Hillary Clinton during the 2008 and 2016 presidential campaigns and was very instrumental during both runs because he served as Clinton’s campaign manager during the Democratic primaries in Puerto Rico. Being one of the national finance co-chairpeople of the group called, Ready for Hillary, Domenech organized several fundraisers across the country in support of the campaigns.

After working for Hillary Clinton, he assisted the then-House Minority Leader Jenniffer González-Colón’s to become the first woman to achieve the position of Resident Commissioner in Congress, which is Puerto Rico’s only territorial delegate in Washington, D.C. Another achievement for Francisco Domenech was becoming one of 59 nominees for the 2016 list of 40 Under 40 which were featured on the official website. Domenech received the most votes from the readers of the 59 nominees.

Visit: http://caribbeanbusiness.com/2016-class-of-40-under-40-awardees-sets-a-high-bar/

 

Jeremy Goldstein Solves EPS Problem

Jeremy Goldstein is one of the leading business lawyers in the industry with over 15 years of experience. Many companies seek his legal counsel in regards to employee benefits and related concerns. Goldstein has worked with various independent law firms such as Wachtell, Lipton, Katz, and Rosen.

 

Being involved in transactions with large Fortune 500 companies, including Duke Energy, Verizon, and Goldman Sachs, Jeremy Goldstein has skills that are demanded by the market. Moreover, he is involved with different business and finance committees. He also speaks and writes on corporate governance and executive compensation. Aside from his business ventures, Jeremy Goldstein enjoys helping the community. He is an active member of the Make-A-Wish Foundation, and Foundation House (a charity that helps individuals with mental illness). More recently, Goldstein explained a mutual agreement for employee incentives.

 

There are a plethora of contributing factors that create a workable environment for large-scale companies, but it is difficult to fully address them. Jeremey Goldstein is one of the people who can see this dynamic and that it will cause a struggle between employees and investors. Goldstein offers companies to better utilize their Earnings per Share or EPS, especially in performance-based services.

 

For stockholders, EPS is the most influential factor in determining the quality of investments. Consequently, companies tend to show misuse this important factor when they abuse it. More specifically, the top executives in the company want to project profitability, and the best method they do it is by skewing the results. Aside from the illegal aspects, EPS can significantly deter employees from receiving any incentives.

 

There is a trickle-down effect when stockholders are given a false sense of prosperity. When the mistake is pointed out, the company suffers financially, which essentially means that employees suffer. Many believe that skewing EPS is not a sustainable effort, as it only provides short-term benefits. It is only after companies start working towards long-term investments that they truly prosper. EPS serves only as a virus that boosts profits temporarily but causes large damage in the future. Learn more: https://www.linkedin.com/in/jeremy-goldstein-26aa1b4

 

Jeremey Goldstein proposes a solution: a mutual agreement between the anti and pro EPS advocates. While removing the EPS pay-based performance is not ideal, Goldstein suggests that CEOS and top executives be held accountable for their actions. EPS should fit the company goals and its long-term investments.