Companies of all sizes, have stopped offering employees stock options as part of their benefits packages. Some companies have done it, simply to save money. Other companies have been convinced to stop for more complex reasons. The main reasons brought up by corporate executives involve several key issues. Learn more: https://www.slideshare.net/JeremyGoldstein14/
- As the stock value experiences a sudden decline, employees will not have enough time to execute or sell their stock options. Also, company accountants are required to report all related expenses, while also opening shareholders to the risk of option overhang.
- Staff have become uncomfortable with this form of compensation. They now understand that the economy can dictate stock market events that can cause options to lose their value. When the options lose value, their benefits become like free play promotions that are at casinos, as opposed to employees receiving real cash.
- Corporate bookkeepers are forced with more work and having to keep track of options. When companies trade in derivatives, they are faced with costs that may negate any positive growth. High paid executives prefer increased salaries as opposed to options. Executives could afford to offer pay increases, if they eliminated options from the benefits package.
Despite the difficulties and criticisms, there are some companies that would rather continue to offer stock options over pay raises or other benefits. Some company executives prefer stock options is because the employees can easily understand how they work. Plus all employees receive same type of compensation. An employee’s personal gains only increase when the company’s share value rises. When employees learn that their options depend on the success of the company, they find a way to attract new clients and work hard at satisfying current customers. When employees offer stock equity instead of options, they may face tough Internal Revenue Service regulations.
Corporate lawyer Jeremy Goldstein offers up the solution of knockout options. They are similar to their counterparts but lessens the stress and costs in the accounting office. The accountants no longer need to spend hours making calculations since the options are only valid for a short period of time.
Jeremy Goldstein is the co-founder of the boutique law firm Jeremy L. Goldstein and Associates LLC, which specializes in corporate governance and executive compensation. Jeremy Goldstein has more than 15 years in the legal field specializing in business issues. Jeremy Goldstein has been heavily involved in several major US company transactions.
One of the most popular new innovations to the prison communication space in the United States has been the video visitation system created by Securus Technologies. Over the last decade, Securus has rolled out its video visitation platform, enabling prisoners to maintain face-to-face communications with their loved ones on the outside, on a virtually unlimited basis.
The platform has taken the prison communication space by storm. Thousands of institutions have already installed the video visitation system within their properties, leading to the ability of hundreds of thousands of inmates to enjoy high-quality virtual visitations with their family members on a daily basis. This has allowed unprecedented levels of communication between families and inmates, fostering strong relationships and allowing children of those incarcerated to continue to have meaningful relationships with their parent figures.
And one of the more amazing parts of this incredible technology is the fact that Securus has been able to implement the system at a cost that is often times less expensive than traditional outgoing phone calls on older analog phone systems. One of the reasons that Securus has been able to keep the price so low, at an average of just $0.15 per minute across all of the institutions where the video visitation system has been installed, is that Securus has developed its own VoIP-based communications technology. This system is not only able to allow for the placement of calls at a much cheaper rate than older analog systems, it has also enabled Securus to incorporate a large number of highly sophisticated security functions that guards and prisoners administrators love.
For example, the video visitation system currently offers a suite of security features that allow for the constant, automated monitoring of all communications taking place over the prison phone systems. Guards are automatically alerted if any suspicious activities, including the use of code words or the discussion of criminal activities, take place.
Louis Chenevert has done extremely well for himself in the business field, to say the least. He’s a painstaking businessman who comes from Canada. He used to work as the CEO (Chief Executive Officer) of a prominent company called UTC (United Technologies Corporation). United Technologies Corporation is an international company that’s headquartered in the United States. It produces technologically advanced items of all varieties. It studies and develops them in great detail as well. Chenevert was an employee with General Motors for 14 terrific years. He was a Production General Manager for the company. He, after that, secured a position with Pratt & Whitney Canada.
This was back in the early nineties. He worked hard for the company for six full years. He then became its President. Chenevert became the Chairman of United Technologies Corporation since the spring of 2006. He left his CEO job with the company in December of 2014. He became part of Goldman Sachs’ merchant banking department less than a year later in the autumn of 2015. He became an Executive Advisor for the firm. He focused on openings that emerged within the aerospace and industrial worlds.
Louis Chenevert is a tried and tested perfectionist. He’s not the kind of leader who is ever happy with anything that’s not 100 percent up to par. He’s the kind of leader who is constantly going above and beyond to improve things for the rest of the world. Constant enhancements make him happy. They make him feel like he can seize the day and do even more with his career as well.
Chenevert did a lot while working as United Technologies Corporation’s head. He changed the company for the better in various undeniable ways. Fellow CEOs often find it difficult to be able to keep up with Chenevert’s actions. He did a lot of great things for United Technologies Corporation. He achieved substantial market gains. He did this in the middle of a recession, surprisingly enough. He also got access to Goodrich. It’s no surprise that so many people in the business universe admire and look up to Chenevert.