The corporate world recently picked up what many experts consider to be a nasty trend. For a while, corporations have stopped providing stock options. Stock options used to be the most popular and only employee benefit that large corporations offered. People’s fears concerning the stock market have led many companies to seek out new compensation methods.
There’s nothing wrong with companies looking for new ways to reward their employees. The problem arises when every company stops providing stock options and starts looking for newer methods. While newer methods sound like a good idea, abandoning stock options may not be the best move for everyone.
If only a few were following this trend, Jeremy Goldstein wouldn’t have a problem with that. Because so many corporations are doing away with stock options, it tells him that these companies aren’t thinking long-term. Stock options, while risky, have more advantages than disadvantages.
Honestly, the only downside to a stock option is the risk. If nothing goes wrong, everything else about stock options is a bonus. The problem is something always goes wrong; that’s just something people have to get used to again. Historically, people understood how business worked and knew to prepare for the downturn.
Now, people are hypnotized by all the shiny positivity of social media and terrified of when things go bad. These days, things can go bad much faster because of social media, and people don’t want their money tied to something they can’t fully control.
The best part of stock options is that people can control them. When people are personally invested in the company’s success, they can see their work raising the company’s stock value. This makes them work harder to ensure the company’s success. That’s an advantage that no other compensation method can give people.
Before anyone dismisses Jeremy Goldstein, they should know he’s New York’s go-to guy when it comes to employee benefits. Nearly all of his recent clients have come to him for advice on which compensation method they should use. No one knows more about this subject than Jeremy Goldstein. Learn more: http://www.bizjournals.com/newyork/potmsearch/detail/submission/6423046
Jeremy Goldstein started his law firm after spending years at a similar law firm. Now, he dedicates all of his time to handling his firm’s biggest transactions, which involve clients like AT&T and Verizon.