Jeremy Goldstein recently made headlines when he decided to step down from his job as one of the top mergers and acquisitions attorneys in the United States.
After having worked for nearly 20 years with famed law firm Wachtell, Lipton, Rosen and Katz, Goldstein decided to refocus his efforts on helping small businesses that are facing some of the same difficult legal challenges of their much larger counterparts.
As one of the first steps towards founding his own private practice, Goldstein listed his firm, Jeremy L. Goldstein and Associates, with the Lawyer Referral and Information System, a program started by the New York State Bar Association in order to help local New York residents find the best lawyer for their case and for their location.
Goldstein believes that his skills will be better spent helping many of the tens of thousands of small business owners throughout the state grapple with the difficult legal challenges that often come with running one’s own company. Read more: Jeremy Goldstein | Facebook and Jeremy Goldstein | Slideshare
And there’s no one better in the state to take on this role. Goldstein has made a name for himself as one of the top executive-compensation and mergers-and-acquisitions attorneys in the entire country. In the nearly 20 years career he had with Wachtell, Lipton, Rosen and Katz, he was able to work on some of the most important mergers-and-acquisitions cases in recent corporate history.
Some of the cases on which Goldstein played a key role include the Kmart purchase of Sears Roebuck, the Verizon merger with Alltel and the Phillips Petroleum buyout of Conoco.
Now, Goldstein is taking the extensive expertise he gained over this nearly two-decades-long career and applying those lessons to help small business owners avoid the pitfalls that can oftentimes lead to the demise of companies.
One of the things that Goldstein is careful to point out is that executive compensation packages should always be crafted and reviewed by an experienced executive compensation attorney.
Goldstein says that improperly designed executive compensation packages are one of the foremost reasons that boards become alienated from their own shareholders.
This, in turn, can attract the worst kinds of shareholder activists, who Goldstein says are often capable of completely destroying companies, nearly overnight.
But Goldstein says that with properly designed executive compensation packages, the risk posed by activist shareholders are virtually nullified.