There’s one element of business that no one really thinks about until it’s too late. People don’t think enough about employee benefits when they first start their business. It seems like one of those things that will eventually work itself out, but recent changes in trends have made deciding which compensation method to use a bit more difficult.
For years, larger corporations always provided stock options; it was just what they did. Recently, many of them have stopped offering stock options in favor of more preferable benefits like higher wages or better insurance coverage. While eliminating stock options grows more popular, many experts are speaking out against this trend.
The leading expert advising companies to rethink their compensation method is Jeremy Goldstein. Jeremy Goldstein is the foremost lawyer on matters such as executive compensation and corporate governance. He knows what he’s talking about when he suggests that most corporations shouldn’t get rid of stock options.
Every company has its own reasons for eliminating stock options or just not offering them at all. Regardless of what they think, stock options may be the best choice for them if they want something more. Stock options do come with risks, every compensation method does.
The big thing to remember about stock options is that they make employees part of the company. That’s something no other method can achieve. When people feel a part of the company, that’s one thing; when they’re actually a part of the company, they may work harder to achieve greater success.
If that isn’t enough to persuade more companies to rethink about whether to eliminate stock options, then maybe they need to know who Jeremy Goldstein is. Jeremy Goldstein is a partner at the most respected and influential advisory law firm in New York.
He established that firm after working a similar firm for a number of years. Since establishing Jeremy L. Goldstein and Associates, Jeremy Goldstein’s worked on every major transaction his firm’s handled. Some of the bigger names he’s work with include Verizon, Bank One, and Duke Energy.
Now, before anyone makes any decision, it’s important that they talk with their accountant. Even Jeremy Goldstein believes that stock options aren’t right for every company. Talking with their accountants can help corporations make the right choice. Learn more: http://jlgassociates.com/