Jeremy Goldstein, Knockout Options, The Safer Way to Invest
Jeremy Goldstein of Jeremy L. Goldstein and Associates offers some advice for employers. He’s recently offered a scholarly article regarding an employee stock option plan called “knockout options.” The advice is solid as it offers a plan that saves both the employer and employee money, time and headaches.
Since ESOP plans have been around, they’ve been a popular benefit to offer employees. In a perfect world, they’d make everyone happy. Since the value of the portfolio is dependent on the performance of the stock market, they can turn sour quickly. Knockout options fix this issue as they still give the benefit of retirement savings, however, they limit the risk involved significantly. Learn more: https://www.avvo.com/attorneys/10019-ny-jeremy-goldstein-978103.html#client_reviews
With these options, the losses are reduced as prices are capped. Should the stocks drop below a certain point, they are sold to prevent further losses. The obvious benefit is that employees don’t have to worry so much about their financial future. The benefit to companies is that the employees tend to be much happier, and the accounting burden is reduced significantly.
Jeremy Goldstein has taken on many different corporate giants over the years. Telecommunications, banking, foods and many others are among the types of companies he’s represented. His educational background is strong. He has an Ivy League undergraduate education and a Juris Doctor from New York University. He’s contributed to the NYU Journal of Law and Harvard University in the business division. While Jeremy Goldstein isn’t busy working, he volunteers and offers his leadership guidance to charity. He’s on the board of directors for Fountain House, a charity helping the mentally ill, and children’s charities as well. He’s certainly a well-rounded attorney, you’ll most likely be hearing of in the future.