Category Archives: Lawyers

A Solution For Employment Incentives Is A Compromise, Proposes Attorney Jeremy Goldstein.

To create a corporation’s sustainable economic environment, there is need to address several related factors, something that has proven hard to do in the recent past. Jeremy Goldstein is not new in being a firsthand witness of the kind of challenge these situations can lead to. Being a practicing attorney of law in New York, Goldstein has realized that such situations can result to a struggle in which incentives for long-term business investors and employees are likely to lose.

Goldstein has worked with several big corporations such as Verizon, Goldman Sachs, and the Bank of America. This has given him a vast understanding on the use and handling of performance-based pay programs and incentive-based programs, thus offers advice pertaining their use as well as offering insights in debates concerning the use of these programs.

According to Goldstein, Earn per sharing, an incentive-based program, commonly referred to as EPS, are basically positive things, especially on how they handle the employee incentives. They influence the shareholders to sell or buy, as well as provide the companies with an incentive to make an increase in the amount paid out per employee.

According to the results from recent studies, adding EPS to be part of the company’s entire pay structure, has proven to increase to the success of companies. Goldstein says that EPS may seem like a positive system to incorporate in a business strategy at first. However, the existing competitiveness when it comes to shares and trading, can at times allow entities to influence EPS to a disadvantage.

EPS competitors have said that EPS usage in corporations is likely to lead to favoritism to companies’ CEOs. That way the CEOs have the power to skew metric results accuracy so as to drive the sales of shares. This makes the EPS not to provide collective results, which is not only misleading but also illegal. Other opposers say that EPS doesn’t provide sustainable measures to boost the growth of the company’s corporate since they only support short-term success. They are said to be unreliable and dynamic, adding more reason to worry.

Goldstein says that the solution for this problem is for both the recommendations of anti-EPS and pro-EPS proponent to compromise. Rather than discarding the PPP systems which definitely have important roles for a better workplace, a way be derived to hold the companies’ executives and CEOs answerable for their actions. He also proposes that these systems scale up to consider the company’s long-term goals.

Goldstein is a graduate of the school of law in the New York University. He is the owner of Jeremy L. Goldstein and Associates, LLC. Law firm. Previously he has worked with Wachtell, Lipton, Rosen & Katz law firm as a partner.

Goldstein chairs the Mergers & Acquisition Subcommittee. He is also part of the Board of Directors of Fountain House as a board member. Goldstein is a writer and a speaker, especially on corporate governance. Learn more:  https://thebrotalk.com/bro-recommendations/jeremy-goldstein-gives-us-nyc-recommendations/

 

Second Largest SEC Whistleblower Award Granted to Labaton Sucharow Client

SEC, Security and Exchange Commission, recently awarded nearly $17 Million to a whistleblower who notified the financial regulation authority regarding illegal investment activities. Interestingly, the client was represented by the popular law firm, Labaton Sucharow LLP, which is known for its ground-breaking initiatives to protect the interest of whistleblowers. The case was handled by Jordan Thomas, who also oversaw numerous successful legal cases in the past. In fact, the reward is the second highest disbursement in the history of whistleblower program since the law was passed, six years earlier.

Experts agree that the success of the case is attributed to the professionalism of Jordan Thomas and his team. Jordan was also among the leading lawmakers who were instrumental in passing the whistleblowing law. Working for Sucharow LLP, his team also represented the first officer of a public company who received the compensation from the whistleblowing program. In fact, Mr. Thomas is also the first lawmaker who successfully charged an employer who retaliated against the whistleblower.

Actually, the whistleblower initiative is an effort of U.S. government to tackle growing irregularities in the financial workplace. To encourage individuals to expose corrupt practices in the financial industry, authorities offer a fixed compensation for the successful indictment in fraudulent cases. The whistleblower reward is between 10 percent and 30 percent of the final compensation received from the accused.

According to Labaton Sucharow LLP, the compensation was given for revealing the illegal practices of a major financial firm in the nation. In this particular case, the whistleblower elected to remain silent. The option to remain anonymous is a privilege of every whistlblower because the SEC does not want whistleblowers to feel insecure when coming forward. Mostly, the insecurity arises from a possible retaliation by the employer against the whistleblower.

Accordingly, Jordan A. Thomas insisted that the reward is ethical and just because his client came forward when others were not coming forward to protect investors from foul play of financial firms. He also reiterated his commitment to continue his work for the whistleblowers because he anticipates that many individuals will come forward in the coming years. It should be noted that Labaton Sucharow LLP is also the first firm in the nation, which caters exclusively to whistleblowers who want to reveal useful information without revealing their identity. In fact, the whistleblower program at the firm provides free consultation to anyone interested in protecting the interest of the society.

Learn more: http://www.secwhistlebloweradvocate.com/

New York Attorney Hosts Fundraiser for Animals

Important world issues regularly go unnoticed. More importantly is the fact that those without a voice rarely have anyone that will step up to the plate and speak for them. People love their animals, but what about those animals who do not have anybody to love them, a warm home to sleep in, or enough food to eat? Well, that’s when courageous advocates with strong ties to the community step in to do their part.

Ross Martin Abelow is an attorney in New York, New York. Abelow made the first step in his legal journey by attending college at the state University of New York. Upon completion of his undergrad, he attended the Brooklyn School of Law and graduated in 1989. Since 1990, he’s practiced law and truly used his legal powers for good by serving families and, as of recently, animals.

On January 13, 2016, Abelow decided it was time for the community to recognize the importance of decreasing the population of homeless animals. He set a goal of $5,000 which, once reached, will go directly to animal shelters to abate the cost of animal food, warm blankets, electricity, and medicine. On January 21 of this year, he launched his Gofundme page in an attempt to earn and surpass this goal, raise awareness, and decrease the homeless animal population in the city.

While Ross Abelow describes his most successful accomplishment as an attorney so far as being his partnership with Abelow and Cassandro, Llp, the accreditation associated with this fundraiser should definitely be a close second.

As this winter fundraiser created by longtime attorney has yet to reach its goal, it is continuously raising awareness of this issue by simply existing. This is an issue that has gone unnoticed for far too long and Abelow fully intends on reaching this goal, surpassing it, and continuing to serve the community he has called home for so long.