Traditionally most employers were used to stock options as a way of compensating their employees. However, things have changed, and this option is not in use anymore. According to Jeremy Goldstein an accomplished corporate lawyer it dawned on most employees that stock options were a waste of their money as their expenses outweighed the benefits they brought to the business. In addition to this, the stock options were an accounting burden and their significance drop in value affected the employee’s’ chances of making informed decisions in the business. With these disadvantages, it was the time that most employees changed their compensations tactics and hence adopting Knock out options.
According to Jeremy Goldstein, Knock out options is so far the best options an employer has. Jeremy Goldstein explains some of the factors that make this type of compensation better than insurance covers, additional wages or any other type of equity. First, Knock out options are easy to understand, have to offer equal benefits to all employees and finally they can increase the employee’s earnings with better performance of the company. According to Jeremy Goldstein, these reasons are motivation enough for the employees to work harder in their respective positions.
About Jeremy Goldstein
Part of Jeremy Goldstein’s achievements is founding Jeremy L. Goldstein & Associates LLC. Through this boutique law firm located in New York City Jeremy Goldstein renders service such as managing teams during corporate compensation, advising CEOs and general matters concerning corporate governance. Far and large, Jeremy Goldstein is highly experienced having worked at Lipton, Watchel and Rosen & Katz before venturing out on his own.
Mr. Jeremy Goldstein is a J.D graduate from the great New York University with an additional M.S from the University of Chicago. In addition to being a lawyer, Jeremy Goldstein is a philanthropist and a leader in different corporations.
To learn more, visit http://officialjeremygoldstein.com/.