Jeremy Goldstein: Working with Big-Name Corporations

It’s hard to think about lawyers being celebrities, but that might be exactly what Jeremy Goldstein is to New York corporations. Many of them go to Jeremy Goldstein when they need business advice about a lot of issues but especially executive compensation, corporate governance, and employee benefits.

The last of that list is the most important subject in Jeremy Goldstein’s life right now. Nearly all of his clients are coming to him and asking him about employee benefits; even those who aren’t clients are asking him about employee benefits. Recently, a corporate trend has corporations eliminating stock options in favor of more preferable benefits.

While every corporation is entitled to their own choices, Jeremy Goldstein would prefer they hear him out before making any final decisions. Even after hearing him out, he recommends they talk directly with their accountant and see what type of compensation method is best for them at that time.

A lot of people forget how easy it is to make a mistake when dealing with other people’s livelihood. Corporations focus so much on picking the right method for the right reason; they forget to think about the long-term benefit of employee benefits.

That’s where the expertise of people like Jeremy Goldstein comes in handy. Stock options seem scary and flimsy, but they can actually have more advantages than even higher salaries or wages. If the corporation chooses the right stock strategy, they can protect their employees while still making them shareholders.

There’s one particular stock option, called a “knockout”, that allows corporations to cancel the option if the value drops too low for too long. Unlike its counterpart, this option prevents people from making rash decisions in times of stress. The option can only be canceled after a certain amount time if the value hasn’t risen to its original value or higher.

This is something that Jeremy Goldstein knows all about; he’s spent the last 15 years perfecting his skills. After graduating, he began working at Wachtell, Lipton, Rosen, and Katz. Soon after, he left and established his own boutique law firm, Jeremy L. Goldstein and Associates.

Since then, he’s become a foremost expert on everything executive compensation and corporate governance. He’s even been listed as such by several legal publications, including The Legal 500. Learn more: