In recent times, creating and maintaining a sustainable economic environment for major corporations is becoming an increasingly complicated task. Jeremy Goldstein, leading compensation lawyer in New York City and founder of Jeremy L. Goldstein and Associates, LLC, has offered advice in the long-standing debate over incentive based programs. Owing to his experience with Bank of America, Verizon and Goldman Sachs, he has witnessed firsthand how long-term investors and employee incentive programs are experiencing loss. Learn more: https://www.slideshare.net/JeremyGoldstein14/aci-compensation-committee-presentation-2016
EPS (earnings per share), Jeremy Goldstein believes is a positive factor contributing to employee incentive based programs. For investors, EPS is a major contributor of stock price, and the factor which plays a pivotal role in their decision to purchase or sell. Moreover, it offers an incentive to companies to increase their payout per employee. Research also reveals that adding EPS to overall pay structure leads to improved chances of a company’s success. While many individuals/corporations have experienced benefits associated with EPS, its drawbacks have also come to light. As a result of the competitive nature of trading and shares, at times certain entities are known to influence EPS for personal gain.
Adversaries of EPS cite its potential for favoritism at work, consequently rendering total control to CEOs and executives. Higher-ups may manipulate actual values of EPS in order to meet the required metrics. Put simply, there is an increased scope for tampering with values to increase sales of shares, which is both misleading and illegal. Therefore, making EPS a temporary gamble rather than a well thought out long term investment.
Furthermore, opponents elaborate that this system is aimed solely at short terms benefits, and cannot become a sustainable part of an organization’s growth. Some experts suggest companies to focus on long-term reinvestment, as opposed to performance based pay, which is ever-changing and unreliable. They are of the opinion that EPS and similar programs are a means to back the stock exchange. Hence, they fail to strengthen shares that contribute to healthy corporate growth of an organization.
Jeremy Goldstein, using his experience and insight of the corporate sector suggests a fair compromise between recommendations offered by supporters and opponents of EPS. Instead of eliminating pay per performance schemes that offer incentives for proper workplace growth; CEOs and executives must be held accountable for their actions. Thus, ensuring that both pay per performance and long-term goals of a company are given equal importance. This will create a module for repeatable and continued growth of share rate and sustainable growth of a company, according to Jeremy Goldstein.
“When in Rome, do as the Romans do,” is an old saying most of us are well acquainted with. However, when one is in Los Angeles, where can one go for that special private dining spot for a special private event? Well, for starters, stop at two of LA’s top places for birthday parties, anniversaries, a rehearsal dinner or even a wedding.
Let’s Begin With “Osteria Mozza”
Located in Hollywood at 6602 Melrose Ave., Tel.(323)297-0100
If an Italian fare is sought after, then Osteria Mozza is the place to both find and satisfy one’s yearnings. Originally featured as one of LA’s Best Restaurants and Restaurants With Great Private Rooms, the Seven Course Pasta Tasting Menu from Mario Batali and Nancy Silverton will leave patrons clamoring for more delights. Small in size but not too small, the eating rooms are still more than adequate for group gatherings. Of special note is the Osteria Wine Room which sets the stage for smaller private events.
Second On The LA List Is “Bouchon”
Located in Beverly Hills at 235 N. Canon Dr., Tel.(310)271-9910
Now if a touch of elegance and Gilded Age quaintness is more in keeping with whatever special event is planned, then the Bouchon may be just the spot for it. Brunch, lunch, dinner and late night offerings presented in an atmosphere of high-ceilings, tiled floors and classic gilded columns all take patrons back to the age when a touch of class was, well, class.
Overlooking and adjacent to a beautiful garden setting, there’s an ambiance that is hard to beat both for culinary choices and wine selections. Bouchon’s Escoffier Room easily seats 20, and the Champagne Salon is especially fit for more intimate gatherings.
However, if one finds oneself in New York City, then there’s a premier place for private dining, and that place is known as “Tarallucci e Vino.”
Located in East Village, Union Square, Upper West Side, Cooper Hewitt and Nomad, these five locations have distinct features and dining experiences. However, pleasurable satisfaction is guaranteed at all TEV locations.
Breath-taking and stylishly unique restaurant designs and layouts are only part of the TEV experience. Seasonal produce and local purveyors also form part of the TEV philosophy at all five restaurants. Homemade on-site pastries and pasta dishes, exquisite house dressings and one of the best wine selections in all New York add to the TEV panache.
The food presentations, liquor selections and general overall ambiance are beyond description, and the service is more than accommodating. Furthermore, the wide selection of private dining areas is unique and different from one locality to another, so be certain to visit the TEV website for more information.
Whether they are weddings, corporate events, graduation parties, engagement parties or baby showers, all benefit for that lifetime event to remember. With all the above private dining places, that lifetime event will continue to be the talk of the town for some time to come.