Majority of organizations around the globe are profit oriented. Therefore, their main aim is to make a profit and create wealth for its shareholders. The management of such firms entails with laying out plans, acquiring the resources necessary, managing those resources, and coordination to achieve the set objectives. The resources include financial, human resources, and economic and each of these have an impact on the firm’s success and profitability. A profitable company creates a good reputation and increases the investors’ confidence, hence increased investments.
A reasonable objective is specific, measurable, accurate, realistic and time-bound. The performance and the achievement of the set goals can get assessed through various financial ratios. The most common rate used is known as (EPS) Earning per Share ratio which is calculated by dividing the firm’s total earnings by the outstanding number of shares. Jeremy Goldstein has excelled in his education. He passed all the subjects with distinction from Cornell University. He has worked with large firms such as Bank of America and Verizon, where he experienced the use of EPS as well as other incentive-based programs.https://nycinquirer.com/2018/01/15/nyc-lawyer-jeremy-goldstein-recommends-compromise-for-employment-incentives/
Jeremy Goldstein offers advice on the use of EPS and additional incentive-based programs in performance-based pay programs. He has been at the forefront in advocating for a way to ensure that managers are responsible for their actions in the running of the organization’s affairs. It is because some scholars have been of the opinion that the use of EPS has led to turning of a blind eye on managers, hence, a need to keep them more accountable in the running of the firm. Despite being widely used, EPS has been opposed by different individuals for various reasons. The most notable being that an organization can quickly increase the earning per share by merely increasing their borrowing which does not necessarily increase the value.
Jeremy Goldstein worked with several other legal minds to form a law firm but later left to start his law firm, where he offers consultancy on matters such as corporate governance and other relevant issues regarding the running of organizations. Despite being an entrepreneur, he serves in different leadership positions. Unlike many entrepreneur whose primary focus is to make profits and increase their wealth, Jeremy Goldstein gives back to the society in a unique way; he frequently donates funds to assist in rehabilitation of people with mental disabilities.http://www.chambersandpartners.com/USA/person/485609/jeremy-goldstein