Jeremy Goldstein is presently a partner at Jeremy L.Goldstein & Associates, LLC. His firm specializes in executive compensation with management teams and CEOs. Goldstein’s firm, a boutique firm, specializes in a niche area of law practice. The world is a competitive place, and corporations are quite often in danger of an activist taking control of the majority of the board. The challenge for many companies is that ‘change of control protections’ in compensation plans fail to trigger during scenarios where an activist is likely to take control of the company. This can become a serious problem in light of the number of activists who attempt to gain control.
Jeremy Goldstein is an expert at implementing initiatives to help protect executive compensation. Activists will usually advocate change through returns of capital, extraordinary dividends, share buybacks, spin-offs, and divestitures through sales. Therefore, it is wise for companies to review their compensation programs whether they are in danger of an activist gaining control or not. Jeremy Goldstein suggests that companies consider and take measures to ensure that stock plan provisions permit award adjustments so as to survive divestitures and extraordinary dividends.
Jeremy Goldstein also advises that companies gain a clear understanding of how executives, terminated through divestiture, fare with respect to compensation plans that are in place. Every company in today’s environment is susceptible to attacks from investor activists. As such, companies would do well to make sure their executive compensation programs are safe from exploitation when activists attempt to win over the minds and hearts of shareholders. A careful review gives companies the option to leave their current executive compensation plan in place or make changes.
For more information, visit http://jlgassociates.com/.