Jeremy Goldstein offers advice on avoiding hostile shareholder activists
Jeremy Goldstein as one of the nation’s premier merger, acquisition and executive compensation attorneys. He made a name for himself with a career spanning over 15 years, working for the nation’s preeminent mergers and acquisitions law firm, Wachtel Lipton. Over this time, Goldstein learned the ins and outs of the corporate executive compensation legal realm as no one else has in the United States today.
After a long and prosperous career with Wachtel Lipton, Goldstein finally made the decision to walk away. He found the corporate environment to be increasingly stifling to his own creative talents and unnecessarily impeding to his desire to work directly with business leaders and other executives in crafting plant to minimize the damage from hostile parties involved in the world of finance.
Goldstein maintains that one of the most severe threats faced by business owners and executives today is that posed by shareholder activists. Goldstein points out that shareholder activists have a long history of the last 30 years of ruining great companies and forcing out the executives who had built them. It is for this reason that Goldstein sternly words business owners, CEOs and other executive members to craft plans that will mitigate any attempts by shareholder activist to take over their respective companies.
Goldstein recommends a three-part plan for the minimization of the shareholder activist threat. The first part involves recognizing and understanding the extent to which management differs in opinion on executive compensation from the board. The second involves a robust management outreach program to shareholders that lasts year round. Finally, Goldstein recommends that all executives be willing to change their own compensation packages if left with no choice and facing a severe threat of a hostile action.
Goldstein contends that following this simple plan will do more than anything else to avoid a company’s ruin at the hands of malicious shareholder activists.
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