According to Jeremy Goldstein, the popularity of employing stock options is waning. Corporations are no longer interested in giving this made of compensation anymore since they ran into some difficulties. While some companies issue employee stock options to save on money that could otherwise have been paid as salaries and executive bonuses, some factors are slowly dissuading them from the method.
Some of the problems that are standing in the way of the stock options include; the problem of stock market volatility that sees corporate stocks drastically drop making it impossible for employees to exercise their option; employees do not take the stock options serious anymore as they are aware of the inability to exercise options during economic downturns; corporations are now shying away from the accounting costs that come with the stock options as sometimes they outweigh their financial benefits.
Nevertheless, Jeremy Goldstein maintains that employee stock options are still a good method especially when they encourage employees to work harder and to improve the value of the firm. It is also true that options come with tax incentives compared to compensation in equities. Jeremy Goldstein is of the view that many corporations can still maintain the positive benefits of stock options while curbing disadvantages using knockouts.
Jeremy Goldstein is one of the topmost lawyers advising corporations on matters of executive compensations. With more than fifteen years as a corporate lawyer, Jeremy Goldstein is easily an authority on matters dealing with compensation. Mr. Jeremy Goldstein is the current chair of the Mergers & Acquisition Subcommittee of the Executive Compensation Committee of the American Bar Association Business Section.
Jeremy Goldstein has used his experience to see some of the biggest deals in the corporate world through. Some of the deals include the Dow Chemical Company/Rohm and Haas Company deal and the acquisition of Goodrich by United Technologies.
Connect with Jeremy Goldstein on LinkedIn.
In today’s world, it seems that new companies are constantly sprouting up and changing the way we have done things for a hundred years or more. That reason makes it all the more important to look to the companies that have endured the test of time to see what they have done right. One of those companies is Canada-based National Steel Car.
National Steel Car was founded in 1912 by several prominent business men. The group came together with the goal of founding a company that would bring Canada to the forefront of steel rail car manufacturing. They selected Ontario as the company’s location and got to work building what would one day become a world leader.
Today, National Steel Car has grown to become the leader in railroad freight car manufacturing in all of North America. At the helm of National Steel Car is President and Chief Executive Officer, Gregory James Aziz. Greg Aziz joined National Steel Car in 1994 after successfully managing the purchase of the company from a former owner. In just four short years he had grown the volume of rail cars manufactured from 3,500 cars to over 12,000 cars. Gregory J. Aziz also focuses heavily on investing in employees as much as he invests in the production. As a result of this, over those same four years employment at National Steel Car, he grew the employee count by 500%.
Greg Aziz was born in Ontario in 1949. He majored in economics at the University of Western Ontario before starting his career working for his family business, Affiliated Foods. The company was a distributor of fresh foods that was working regionally in Western Canada. Gregory Aziz is very well known for his business development skills. He joined Affiliated Foods and in just 16 short years he grew the company to a global distributor of fresh foods. The company then worked in Europe, South America, South Africa, America and Canada. Get More Information Here.
This was the same type of growth he brought to National Steel Car. He is highly known for his drive and for expecting his leadership team to not only set the bar for success, but to continue to raise it. James Aziz believes in innovation and the adaptation of technology in the rail car industry. Although anyone on his team will admit he expects a lot, the results of his leadership style are tangible in the rapid growth of National Steel Car.
The champagne flowed freely at the centennial birthday of National Steel Car Ltd. Gregory James Aziz, who ran the helm as Chief Executive Officer, was the honored participant for most of the night. Many of his executives praised him for his innovation and saving the company decades before this. Greg James Aziz smiled knowing that he had done well by this business. However, something was nagging at him which he recognized as his muse speaking to him.
As the party settled down, Greg Aziz excused himself and made his way to his corner office. He knew this voice. He heard it before twenty years ago when he saved this company. It was the inner instinct that something was wrong. As he meditated on this, it became apparent what the problem was. National Steel Car Ltd. stopped innovating years ago. While the praise given him was true to an extent, he had stopped progressing years ago. Instinctively he knew this but hadn’t wanted to admit until now. He looked around and knew the world was changing. National Steel Car Ltd. could change with it, or the company could fail. Greg knew that if the company was to continue for another 100 years that changes need to happen.
Greg met with the Research and Development portion of his business and gave them what they deemed to be impossible. He reminded them that they said the same thing 15 years ago when he secured the Canpotex $1 billion contract. He needed R&D to create a railcar that met the environmental regulations of the future. The world was steadily moving closer to green energy, and if National Steel Car Ltd did not get ahead of this, they would lose everything.
Greg ordered one of their old plants to go dark and become the secret production place for these new cars. One and half years later he had over 100 cars that could go 25% faster, haul 50% more, and use 90% fewer gas emissions. This railway car was a monumental achievement, and Greg Aziz left it secret. Refer to This Article for additional information.
One year later, Canada would pass stricter environmental regulations. This was a surprise to all those, except Aziz, in the rail industry and 85% of those couldn’t compete and those that could were only capable of moving a fraction of what National Steel Car Ltd could. Greg revealed his new car and dominated the field. View Source: https://remote.com/greg-aziz