Jeremy Goldstien and the Benefit of a Knockout Strategy for Stock Compensation

According to Jeremy Goldstein, corporations have stopped using company stock as an employee benefit. With the risks and labor associated with this method of compensation, many companies refuse to pursue it. Still, stock compensation has advantages. Company stock is often preferable to other compensations due to its simplicity and the fact that it provides a uniform advantage to everyone. Stocks also motivate employees to prioritize the company’s success.

 

A “Knockout” strategy can help obtain these benefits without excessive cost. When a knockout barrier is applied to a stock it functions as normal unless the value drops below a predetermined point and remains there for at least one week. This reduces accounting costs, lowers top management’s compensation figures (which appeals to shareholders) and gives the employees incentive to support the corporation.

 

Attorney Jeremy Goldstein is a seasoned business lawyer with over 15 years of experience in the field. Jeremy Goldstein was a partner at the law firm of Wachtell, Lipton, Rosen & Katz for 14 years where he specialized in executive compensation and mergers and acquisitions. He has also been involved in many of the major business transactions of the past ten years, including involvement with Verizon, United Technologies, AT&T, and Bank of America. Jeremy Goldstein is also serving as the chair of the Mergers and Acquisitions subcommittee through the American Bar Association.

 

In June of 2014, Goldstein founded Jeremy Goldstein & Associates, LLC, an independently established law firm in New York. His firm is dedicated to advising CEO’s, management, and committees regarding executive compensation. Goldstein & Associates also deals with matters such as transformative corporate events. Jeremy Goldstein attended New York University School of Law, the University of Chicago, and Cornell University, achieving a J.D., an M.S., and a B.A. cum laude respectively.

 

To learn more, visit http://jlgassociates.com/.

Wealth Solutions

Richard Blair graduated from college in the year 1993 and went on to join the financial services industry. In the year 1994, he founded his firm, Wealth solutions, to be able to provide professional and personalized advise to his clients.

 

Richards life was surrounded by the idea of education, his mother, grandmother and wife were all teachers. This inspired him to the world of education, and how teaching can help increase one’s knowledge. This is where he knew he could help people with financial and investments advice.

 

Richard’s firm Wealth Solution is a registered investment advisory firm that is based and located in Austin, Texas. This firm was discovered with the goal of helping and making a difference in lives of business owners, families, and even individuals. The firm was founded to help clients join the gap between planning for and living in retirement. Providing strategies for income planning and having a vision for a successful retirement is the aim of the firm.

 

At Wealth Solutions, they provide three types of services, namely; wealth management, financial planning, and retirement planning.

 

Wealth management

 

This involves creating a portfolio that gives rise to appropriate diversification according to the client’s needs and goals.

 

Financial planning

 

This refers to incorporating a whole planning process that results in making appropriate decision making concerning one’s wealth. This establishes a short and long-term goal in life, evaluating the current financial position and determining assets and liabilities.

 

Retirement planning.

This deals with building and managing wealth, to moving into and living in retirement.

 

Wealth Solutions work on several areas of your life, that is, retirement, investment, estate, insurance, tax, money, and lifestyle. The whole point here is to strike a balance between work and leisure and money.

 

Apart from providing financial advice, Wealth Solutions has events that allow people to interact and come up with ideas, brainstorm on several issues that need to be addressed concerning financial planning.

 

Wealth solutions also provide advise on insurance services. A sound insurance strategy can protect you, and you’re family from unexpected financial consequences from unexpected events. This strategy will include liability insurance, life, and personal insurance.

 

To learn more, visit http://www.wealthsolutionsria.com.

How Dick and Betsy Devos Transformed the Future of Grand Rapids

Credit goes to billionaire couple Dick and Betsy Devos for introducing education philanthropy and reforms in Grand Rapids, the largest city in Michigan State. Dick, who became Amway’s CEO from 1993 to 2002, remains an entrepreneur and author while Betsy sits as the current education secretary of the United States.

 

Wealthy Lobbyists

 

17 years ago, talk spread around Grand Rapids about the planned building of a multi-purpose convention and sports center north of the city’s core. Dick lobbied to shoot down the proposal arguing the project would affect the place adversely. The campaign of Devos against this facility outside the urban business hub resulted in the establishment of Grand Action.

 

This small group of business executives comprised the prime movers behind the construction of the Grand Rapids City Market, Michigan State University medical school, DeVos Place Convention Center, DeVos Performance Hall, and Van Andel Arena. These edifices changed the horizon of Grand Rapids and course of a city attempting to stop housing expansion.

 

Dick and Betsy spent a great deal of time in trying to revolutionize procedures and institutions. The couple’s political influence being super donors of the Republican Party accelerated significant amendments in state legislation that affected the education and labor sectors. Betsy successfully endorsed the growth of charter schools. Dick pushed the passage of the 2012 measure converting Michigan from the origin of organized labor to a right to work state that displaced union membership.

 

They formed a family foundation that donated $138.7 million to leadership campaigns, churches, education reform initiatives, private school scholarships, and various services. The husband and wife team also contributed $13.5 million for the construction of a $103 million hospital for kids and named the healthcare institution after Dick’s mother, Helen Devos. However, their efforts to influence public opinion did not always succeed.

 

In 2000, Michigan voters snubbed Dick’s proposal to originate tax-financed vouchers for students attending private schools. Dick eventually lost the bid to become governor of the state in 2006 against present Governor Jennifer Granholm. They refused to give up, and 24 states, as well as the District of Columbia, use vouchers for private schools.

 

Current Position

 

The US Department of Transportation Secretary Elaine Chao appointed Dick Devos as one of the Management Advisory Council members advising senior management of the Federal Aviation Administration on policies, spending, planning, and regulation. Devos serves CEO of sales giant Amway founded by Richard, Dick’s father. The new MAC member played a significant role in reviving the Gerald Ford International Airport (Cascade Township) by persuading Southwest Airlines to offer flights coming from the Grand Rapids Airport.

 

Visit http://www.dbdvfoundation.org/about to learn more.