The use of Earnings Per Share, otherwise known as EPS, is a somewhat controversial means of paying employees. New York City lawyer Jeremy Goldstein, founder of Jeremy L. Goldstein and Associates, LLC, understands this controversy, and proposes a compromise between pro- and anti- EPS payment movements. The pro-EPS movement says that this form of payment has been shown to make companies more successful, whereas the anti-EPS movement say that this form of payment can be used unfairly, leading to favoritism of the CEOs of companies and an unreliable pay scheme.
Jeremy Goldstein does not believe that pay per performance/EPS should be done away with entirely. He understands that it can be a powerful motivation for performance, and can create an incentive for better workplaces. He does, however, understand that it must be used in moderation and not as the only form of payment. He believes that EPS should be balanced against ensuring that CEOs and other executives of companies remain accountable for their actions, which ensures long-term growth as well as measured share growth.
Jeremy Goldstein started out his law career at New York University School of Law, where he he earned a Juris Doctor. After graduating in 1999, he became an associate at Sherman & Sterling LLP, and a year later became a partner at Watchtell, Lipton, Rosen and Katz. His main area of expertise was executive compensation, specifically executive compensation issues that have to do with issues related to mergers, acquisitions and corporate governance. In 2014, Jeremy Goldstein left Watchtell, Lipen, Rosen and Katz, founding Jeremy L. Goldstein and Associates. As a prestigious lawyer in New York, Jeremy Goldstein has been involved in many large and important corporate transactions in the last decade. Some of the many transactions include the acquisition of Goodrich by United Technologies, Duke Energy, The Dow Chemical Company, Bank of America Corporation/MBNA Corporation, SBC Communications Inc/AT&T Corp, Cingular Wireless Corporation/AT&T Wireless Services, and Phillips Petroleum Company/Conoco Inc. Learn more: https://lawyers.justia.com/lawyer/jeremy-goldstein-1275422
Jeremy Goldstein is also involved in the American Bar Associates Business Section, a member of the Professional Advisory Board of the NYU Journal of Law & Business, and listed as a leading executive compensation lawyer in Chambers USA Guide to America’s Leading Lawyers, and The Legal 500, and even is a philanthropist and member of the Leadership Council of Make-a-Wish Foundation