(Update) Jeremy Goldstein – Relationships at the Heart of Success
People and relationships are at the heart of everything Jeremy Goldstein does. A professional lawyer and copartner at Jeremy L. Goldstein & Associates, Jeremy has been practicing law for close to 20 years. Jeremy L. Goldstein & Associates focuses on cases related to corporate governance and executive compensation matters. Mergers and acquisitions is a primary area of focus for Jeremy.
Jeremy Goldstein’s Background
Jeremy received his B.A., with distinction, from Cornell University. He then went on to earn his M.A. from the University of Chicago and his Juris Doctor from New York University. Prior to starting his own firm, Jeremy was a partner with one of the premier Merger and Acquisition firms in New York City.
It is through this experience that he has handled some of the most significant corporate cases in the last 10 years, such as the buyout of South African Breweries PLC by Miller Brewing Co., the Merger between J.P. Morgan Chase & Co. and Bank One Corporation, and the Acquisition of AT&T Corp. by SBC Communications, Inc. Jeremy in an active member of the American Bar Association and currently serves as the chairperson of the Bar’s Merger and Acquisitions subcommittee. According to the Chambers USA Guide and Legal 500, Jeremy is the top compensation lawyer in the U.S.
The Road to Success
Ten years ago, Jeremy was inspired to launch his own law firm when he saw that executive compensation consulting firms were beginning to break off from their parent organizations to stand as independent entities. It came to him that perhaps a law firm could make the same move. This led him down the path of starting his own law firm, with a focus on executive compensation and mergers and acquisitions.
With a solid network of connections, Jeremy’s first client was a referral. Over the years, he has learned to choose his cases carefully, with the knowledge that the publicity he garners from a case will go a long way to attracting the types of clients with whom he prefers to work. He has learned to limit the number of cases he takes on so that he can manage his time and availability to the utmost advantage of his clients. One of his biggest challenges has been finding a balance between his work with clients and his other professional opportunities, which include speaking engagements.
Despite his success, Jeremy has faced many obstacles throughout his career and the establishment of Jeremy L. Goldstein & Associates. Yet, one of the reasons for his success is his ability to see these obstacles as something positive, as an opportunity for learning and personal growth. In fact, if he could go back in time and give his younger self advice, it would be to see setbacks as opportunities. When he experiences emotions like doubt, he channels the energy from those feelings into the actions he must take to grow and overcome any internal and external obstacles that are blocking his road to success.
The Personal Touch
It has been through his many years of experience that Jeremy has realized the value of developing close relationships with clients and colleagues. He has learned that, “The better one knows one’s clients, the better advice one can give.” This method of doing business truly sets Jeremy apart in a corporate and legal landscape in which few take the time and effort to develop these relationships. In fact, Jeremy admits the inspiration for founding Jeremy L. Goldstein & Associates comes primarily from a desire to approach his legal practice through the lens of relationships. This is why he makes it a priority to get to know each of his clients not only in a professional manner, but also on a social level.
Jeremy has achieved this mix of professional and social interests to a great degree of success. He became profitable well within the challenging first five years his law firm was in operation because of his unique approach that didn’t just have him focusing on the profit and loss statement. Instead, Jeremy defines profitability as much more than a monetary concept. This has lead him to invest his resources into activities that will provide him with a broader success based on his chosen criteria.
Perspective Behind the Success
Jeremy is very keen on thinking through a problem to come up with the right perspective. This allows him to see the situation in the right light, so he can determine the best solution. This strategy can be seen even in the way Jeremy hires new staff members at Jeremy L. Goldstein & Associates. His perspective is simple. While he likes to find a balance between a good personality and experience, he will lean toward experience when choosing the right candidate. Jeremy’s reasoning is sound – the most important thing is that his clients see his firm as competent.
With all his professional success, Jeremy knows that it is important to give back to the community and it is in this capacity that he has experienced what he feels are his most satisfying achievements. In particular, Jeremy’s time sitting on the Board of Directors for Fountain House, a non-profit organization that is committed to bettering the lives of those who live with mental illness, has been particularly satisfying. In his words, this experience has, “brought the pieces of my professional life together in a way that was surprising, even for me.”
The Future Looks Bright
Jeremy has been in the legal corporate world long enough to know that there are never any truly new issues to address. Those that initially seem new are generally some version of something he has seen previously in his career. However, Jeremy is constantly following emerging business trends in corporate law. Most recently, he has seen a shift from the standard corporate setup to worker cooperatives. This is a major change that comes with a number of unique challenges, and it is challenges like these that Jeremy loves.
Jeremy is also very excited by the changes he has seen in the area of executive compensation. The changes that have come about in governance have opened up the way for stability in executive compensation, allowing the focus to shift from ensuring conformance with best practices to how pay can be linked to performance and strategy.
Ultimately, regardless of the trends in the corporate governance and compensation space, Jeremy Goldstein has the experience and expertise to ensure his clients have superior representation and guidance. However, even more important is the fact that Jeremy considers his relationships with his clients as one of his most valuable business assets. With a close connection to the clients he serves, Jeremy has been able to bring Jeremy L. Goldstein & Associates above the formal and impersonal approach that has been the norm in the legal profession and this has set him and his firm apart as one of the best in New York City.
Update 6-5-2019: Choosing the Personal Approach to Law and Philanthropy
Leading executive compensation attorney and Fountain House board member Jeremy L Goldstein performed his emceeing skills at an elegant wine dinner benefiting the charity that helps people who suffer from severe mental illness. The Nomad Hotel Roof Deck hosted the $5,000 per ticket event on the 21st from 6 p.m. until 10 p.m. A dedicated supporter of the Fountain House, Mr. Goldstein has hosted previous benefits in his philanthropic outreach to the community. The event featured La Landonne, La Turque, and La Mouline wines from award-winning E. Guigal.
Preparing for a Dynamic Career in Law
Degrees from the Cornell University, the University of Chicago, and the New York University School of Law prepared Goldstein to found his boutique law firm Jeremy L. Goldstein & Associates LLC. The firm provides recommendations and legal advice to the top levels of management personnel on transformative business matters. CEOs, management teams and compensation committees regularly consult with him regarding corporate issues and seek recommendations on options for employee benefit plans. The American Bar Association Business Section recognized his successes and skills by appointing him as chairman of the mergers and acquisition subcommittee of the Executive Compensation Committee.
Before founding his own law firm, Goldstein worked for more than 15 years as a business attorney. With expertise in corporate governance, he held the position of legal partner at Shearman & Sterling LLP and at Wachtell, Lipton, Rosen & Katz while specializing in helping clients with mergers and acquisitions. With extensive experience in significant corporate transactions within the recent decade, Goldstein worked with Bank of America Corp., Chevron, Goldman Sachs et al/Kinder Morgan, Inc. and Truven Health Analytics®, an IBM Watson Health company.
Sharing His Talent as Author and Speaker
A prolific writer and speaker on corporate governance and related matters, Goldstein posted an article on the Harvard Law School Forum on Corporate Governance and Financial Regulation. In his post, he presented his views on the “162(m) shareholder approval process” that provided “reasonable assurance” to stockholders that at least a portion of executive pay relies on a performance-based measure. He notes that “overall, companies have not materially changed” their pay programs for senior executives. He contends that the influence of “say-on-pay” and “greater shareholder engagement on compensation matters” opposes the idea that companies intend to “dial back” performance-based pay.
On a law blog, he explains the benefits of knockout options for employers. Writing in June 2017, he notes that “numerous corporations” stopped providing stock options for employees for several reasons. Some did so to save money, but he points to three major problems that persuaded companies to curtail the practice. Speaking before the National Association of Stock Plan Professionals in 2014,he referenced his prepared slide presentation on structuring incentive plans. In 2018, Café Communique offered an explanation for Goldstein’s emergence as a “rising star” in executive compensation matters. He receives praise for spending decades working on executive compensation as well as corporate governance.
Another post to the Harvard Law School Corporate Governance Forum while working for Wachtell, Lipton, Rosen & Katz in 2009 shows his long-standing interest in sharing his knowledge of the law on topics that matter to his clients. In the post, he describes the decision by the Securities and Exchange Commission to reverse course on a TARP-related shareholder proposal. Over time, he has offered his expertise in published works that include articles on shareholder activism and executive compensation, commentary on the potential ramifications of the tax bill on executive compensation, short-termism and performance goals, comments on executive compensation disclosure rules and many more.
Contributing to the Business Community
A focus on serving the legal interests of large and small businesses allows Jeremy Goldstein’s law firm and associates to take the lead in the business community on matters related to employee compensation and corporate governance. In a legal career that allowed him to influence the outcome of landmark cases, he brought his expertise to cases involving Cingular Wireless, Duke Energy, JPMorgan Chase, New York Stock Exchange Group and numerous other corporations. He views it as an obligation to speak publicly and write extensively on legal matters that inform and educate employers and their employees on life-affecting decisions. His dedication to sharing his expertise with the business world helps others find ways to achieve success in their roles.
Jeremy L. Goldstein earns recognition as a distinguished member of the NYU Journal of Law and Business Professional Advisory Board. Widely known as a leading executive compensation attorney, he holds a top listing in the Chambers USA Guide to America’s Leading Lawyers for Business. His philanthropic outreach extends to his service as a member of the Metro New York Make-a-Wish Foundation’s Leadership Council. The personal touch matters to Goldstein, and he shows it by the careful and considered communication that he provides to each client and by his publications and speaking engagements. His philanthropic work in the community reflects his deeply held belief in the importance of helping others.
Honoring a Commitment to Philanthropy
The wine dinner that Jeremy Goldstein hosted at the Nomad Hotel Roof Deck in May offered a public view of his dedication to serving the Fountain House while most of his work remains behind the scenes. His commitment to helping others blends well with the mission of the charitable organization. Since 1944, the Fountain House has confronted the stigma that surrounds mental illness and has provided affordable housing as well as job opportunities for members who live with the condition. The program features a wellness component that serves more than 40,000 meals each year, assistance in finding decent housing for about 500 and ensuring that members can financially support themselves.
Putting an Emphasis on the Personal Touch
Throughout his career, Goldstein has centered his approach to clients around his belief that he can serve them better by getting to know them well. His understanding of the value of close relationships has led to success in his profession, and he takes the same skills and tenets to his position as a board member at the Fountain House. His approach to business and philanthropy may differ from that of others, but it has remained with him through years of leadership in the legal community, business and charity work.
He attributes the inspiration for founding his law firm, Jeremy L. Goldstein & Associates, as a result of his desire to provide access to legal expertise in the context of relationships. He anticipated the advantages of creating the environment that enhanced communication and understanding in his own firm instead of a large and impersonal one. Achieving profitability within five years after founding his new company confirmed the validity of his concept of working with clients with a blend of professional and social aspects. An ability to think through problems from a range of perspectives lets him view clients’ situations objectively as well as subjectively. The associates at his firm have adopted his unique approach that makes each client feel welcome and well-served.
Goldstein’s work as a member of the Fountain House board of directors in developing programs and leadership for the organization has provided a “particularly satisfying” experience for him. A little surprised by the rewards that it offers, he admits that it has “brought the pieces of my professional life together.” With the great professional success that he enjoys, the fact that the Fountain House continues to challenge him and provide an outlet for his philanthropy speaks highly of the value of the organization. His experience in the legal world confirms that truly new issues rarely occur, but his charitable interests maintain a freshness that he enjoys.
Understanding the Motivation to Support the Fountain House
The work that the charity provides serves as an inspiration to Jeremy Goldstein with its understanding that society tends to leave out people who have mental illnesses. Fountain House focuses on including them through meaningful activities that make a difference in their lives. As a strong protector of everyone’s rights to belong in a society, the organization advocates for people who have a diagnosis of mental illness while striving to improve the perception of them that others hold. With programs that run throughout New York City, the organization researches and shares knowledge about innovative concepts that encourage recovery.
The foundation of the Fountain House program rests on the original model of operation that the founders started in 1944. Members enjoy involvement in the community and receive the benefits that come from it. With their training to attain gainful employment and learn other skills, they receive a diploma that recognizes achievement that lets them take pride in their accomplishments. An increase in self-esteem and confidence can lead to greater socialization with the formation of new friends in the community and the organization. The program requires participation in activities that Fountain House provides as learning experiences. Training in culinary arts, communications, education, horticulture, membership and reception receives support from events like the wine dinner that Goldstein hosted at the Nomad Hotel Roof Deck.
Providing Practical Experiences
Fountain House makes sure that each member can become a contributing member of society and have self-sufficiency when employed. It provides hands-on training that teaches them new skills and enables them to join the workforce with confidence, and the organization guides them through the entire job application process. On a working farm in New Jersey that the treasurer of the board of directors willed to Fountain House, they learn to care for animals and cultivate vegetables, flowers and orchard produce.
The program’s outreach extends to attempts to end the homeless problem that people with mental health issues often experience. The housing network that it supports ensures that 99 percent of the clients have a safe place to sleep, and the food service makes sure that no one goes to bed hungry. Facilities include access to a gym through partnerships with the YMCA, the Sidney R Baer, Jr. Center as well as the Peter B. Lewis and Adam Lewis Wellness Center. The Foundation House runs the largest supportive education system in the state for people with mental health problems.