Employers are simply getting tired of the roller coaster nature of stocks and are choosing to find other ways of compensation for their employees. For those who want to continue providing stocks to your employees, top executive compensation lawyer Jeremy Goldstein has a solution called Knockout Options. They are less risky and easy to understand.
These awesome options have a knockout mechanism that turns on when the particular stocks are quite volatile. This can be incredibly helpful so it doesn’t turn into an accounting department nightmare and rack up unnecessary cost. Employers can also cancel them if they stay low for a week or more, thus saving them money and energy. Another factor that makes these options super sweet is that if they fall below a certain price then they automatically expire, not costing the company more money in accounting fees. The flip side of this is that employee will work harder to make sure these knockout options don’t fall below a certain price and expire. It is good for the company and employees, a win-win situation. Non-employees/stockholders will have to worry less about overhang threats. When it comes to paperwork, these options are a great form of compensation. The company’s yearly proxy appears from accurate to shareholders, which is very important. It will show lower compensation figures of executives, which is sure to win over shareholders. With all that being said, knockout options can be a worthwhile thing to look into. If it helps keep accounting costs down, keep stockholders happy, make employees work hard to reap the benefits then it can be a win-win.
Jeremy Goldstein, New York City’s top lawyer, is taking the city by storm. At his firm Jeremy L. Goldstein & Associates LLC. he helps clients focusing mainly on corporate issues. With a passion to serve Jeremy Goldstein has won multiple awards including leading executive compensation lawyer by Chambers USA Guide to America’s Leading Lawyers for Business and The Legal 500. He has worked with a number of high profile companies and corporations including Goldman Sachs, Bank of America Corporation, Duke
Energy, and many more.
Jeremy Gold is not just a lawyer, he loves to give back to the community. He is on the Board of Directors for Fountain House and is a member for New Leadership Council of Make-A-Wish Foundation. Jeremy Goldstein attended the New York University School of Law and received a JD.