New York attorney Jeremy Goldstein recently spoke to the New York Inquirer about the benefits of employment incentives and how companies should come to compromise when it comes to them. Large corporations can struggle with how to balance the need to make their employees happy as well as their investors. Jeremy spoke about how metrics like Earnings Per Share, or EPS, can be manipulated by company management to cater to one group or another. However, Jeremy believes that there at things that can be put in place to avoid this. He says that studies have shown that if a corporation includes the EPS in the pay structure for their employees then they see more success as a company.
This makes sense because if employees can see their hard work increasing their bottom line then that are more like to work harder. However, because of shareholders this strategy can allow the executives to use the EPS number to gain an advantage. This leveraging of the EPS is at best and immoral practice and at worst an illegal one. That is where Jeremy Godstein comes in and gives corporations advice on how to create a compromise between the two that will create a more positive workplace while matching the EPS with the actual performance of the company This keeps the management accountable and creates a win-win for all involved, while staying within all moral and legal guidelines. This respectable and reasonable growth will create a more economical sustainable business in the long run.
Jeremy Goldstein is a graduate of Cornell University and the University of Chicago. He then went onto received his Juris Doctorate from the New York University School of Law. He has been practicing corporate and employment law in New York City for nearly 4 years and has over 15 years of practice altogether. Jeremy worked as an associate of Wachtell, Lipton, Rosen, and Katz in NYC for 14 years prior to starting Jeremy L. Goldstein & Associates. Learn more: https://www.linkedin.com/in/jeremy-goldstein-26aa1b4
Jeremy Goldstein is an active member of the community, volunteering for a number on non-profits in the NYC area. He has served as the Director of the Fountain House for the past decade. The Fountain House creates housing, education, and job training for those suffering from mental health issues in New York City.