The All Time Legal Advisor, Jeremy Goldstein
According to the article, Jeremy Goldstein a legal advisor on employee benefits, explains how knockout value help the employees. When stock value drops, employees face the problem of making choices. Secondly, most employees no longer prefer compensation by stock value because of the change in economic status which may lead to losses. Additionally, the employees do not consider such an option better because, salaries could be much higher.
As a way of minimizing costs, it is better to adapt an option called knockout which bare the same benefits and time limit. The knockout option is easy to manage in case of a drop of costs, they also are easy to manage since employers could just cancel them in case of a decrease in value. Moreover, the knockout option shows the earning accurately at the end of a financial year meaning that, it is trusted by the stakeholders.
Jeremy Goldstein is a committee and a member of legal firm that advises compensation committees known as Jeremy L. Goldstein and Associates. With his great skills in law, Jeremy Goldstein has participated in large corporate transactions such as during the acquisition of Goodrich by United Technologies. He is also a participant in board of advisors for charity organizations such as that on mental illness for men and women.
In addition, Jeremy Goldstein has had several writings, some he has published while others he has not. Furthermore, he is a speaker on executive compensation and corporate governance. An example of such is at Harvard school of law where he commented on several topics such as say on pay which according to him means that, shareholders doubt the managements’ abilities. This and several others are a means of showing that Jeremy Goldstein is a dedicated person in his career. Learn more: https://www.linkedin.com/in/jeremy-goldstein-26aa1b4