Jeremy Goldstein has a great deal of experience when it comes to sustaining the economic environment for large corporations. He has seen firsthand what long term investors and incentives for employees will go out the window if the issues are not addressed properly or in a timely manner. Mr. Goldstein is always willing to offer advice based on his expertise on how to handle Earnings per Share (EPS) and other incentive based programs for employees.
EPS is a very positive strategy to provide and is very often one of the biggest influences in a company’s stock price. It influences shareholders to be more active when it comes to buying and selling and it motivates companies to increase salaries to its employees. EPS tends to make companies more successful. According to recent studies EPS is often seen as a tremendous advantage for the economic health of a company. However, the practice can sometimes give some entities an unfair advantage as opponents to the practice think it can lead to favoritism. It may sometimes give the higher ups in a company the ability to manipulate the EPS system and lead to misleading sales and share results as the program may not be applied evenly.
Opponents to the EPS system underscore the fact that the company may only be interested in short-term profitability rather than working for the long term and prevent a sustainable method and strategy to support company growth. EPS systems are sometimes seen as being unreliable especially if the rules change constantly and will sometimes hurt both employees and a company’s long-term financial health. A company’s share value will be strengthened if a long-term strategy is utilized when implementing an EPS based system.
Mr. Goldstein not only recommends, but advocates for a compromise between pro and anti EPS systems. One of the first things that should be implemented is that CEO’s (Chief Executive Officer) and managers be held accountable, eliminating the uneven application of the program. An EPS system should always be measured against the long term goal of the company providing long-term and sustainable growth for the company.
Jeremy Goldstein is a New York attorney and after working for several law firms, he began his own law firm. Jeremy L. Goldstein and Associates, LLC works with large corporations such as stockholder companies, petroleum and oil companies, banks and cellular companies regarding matters such as compensation and financial legalities. Mr. Goldstein was educated at the Law School at New York University where he earned a Juris Doctor (JD) degree.
He is recognized as one of the top attorneys’s to provide legal counsel in the Chambers USA Guide to America’s Leading Lawyers for Business and the Legal 500. He has authored many articles for a variety of law journals. His writings provide up to date legal opinion on popular and current legal matters. He also contributes to the NYU Journal of Law and Business, as well as serving as a member of the advisory board. Learn more: http://clsbluesky.law.columbia.edu/2015/09/10/goldstein-and-associates-discuss-short-termism-performance-goals-and-executive-compensation/