If you are listening to the radio, you have heard “Closer”, a smash hit from the duo the Chainsmokers. Alex Pall and Andrew Taggart are the minds behind the music. The two unlikely comrades met through a New York City manager, who thought the two would work well together. Taggart was interning at Interscope, while Pall was working as a New York City DJ. After meeting, Pall and Taggart’s electronic music hit the bigger stage, producing tracks like “Roses,” “Don’t Let Me Down,” and “Closer.” The pair works well together because of their combined love of music, which takes them beyond the confines of the electronic music scene. They describe growing from the “Young and Free” vibe to one that they feel speaks about deeper, more relatable issues. The duo’s newfound joy moves beyond the electronic scene of DJing and features, creating complex songs that can speak to all demographics. “Closer” sprouts from this process, with Taggart describing putting his vocals onto the track and drawing from his relationships at his alma mater, Syracuse, to create the ex-lovers anthem. Adding Halsey to the track was the dynamite they needed for the smash hit. The two cite 2000’s emo bands such as Taking Back Sunday, which they used to hone the right feel for the song. Both of them feel that combining genres will help Pall and Taggart set themselves apart from their peers, moving them away from the typical DJ image of feature artists and electronic drops. The Chainsmokers are out to push boundaries, expand their listener reach to the entire globe, and be on the forefront of the music scene. Selling out shows at places such as the Red Rocks Amphitheater, as well as making waves outside of the United States, will take them on their way to achieving that goal.
It’s becoming routine that companies stop offering employees stock options. One of the most prevalent reasons is to save money. Other companies have made that decision for more complex reasons. There are three issues that have caused employees to eliminate this type of compensation. Learn more: https://thereisnoconsensus.com/jeremy-goldstein-explains-knockout-options-help-employers/
- As the value of the stock falls, it does not allow time for employees to sell their options. Meanwhile, accountants still must report any related costs, opening up shareholders to the risk of option overhang.
- This type of compensation has become less trustworthy among employees. Mainly due to the unstable economy. Employees understand that the economy dictates how the stock market behaves, which can cause the stock to become worthless.
- Providing options for employees, creates a massive burden for corporate accountants. The end resulting costs may outweigh any financial gains. Some employees say they would rather receive increased pay or even better insurance.
Advantages of Offering Stock Options
- This form of compensation is easy for employees to understand, even the low level employees.
- Stock options only boost personal income, if the company’s share value rises, making employees prioritize the success of the company. This will encourage employees to work harder at bringing in new customers and keeping current customers satisfied.
- Companies face massive tax burdens if they offer shares over stocks, thanks to Internal Revenue Service regulations.
There is one possible option for companies to consider, if they want to keep offering options and that is the knockout option. Knockout options eliminate the obstacles tied to stock-based compensation. When considering knockout options, it is best to meet with an auditor to discuss any possible consequences of providing these options to employees. There is a benefit if companies wait half a year before offering new options; they may not have a negative impact on the quarterly financial statement.
Who in the world is Jeremy Goldstein?
Jeremy Goldstein has become one of the country’s top business lawyers. Jeremy Goldstein is the founder and current partner of Jeremy L. Goldstein and Associates, LLC. Goldstein has amassed over 15 years of experience. Jeremy Goldstein specializes in corporate governance and executive compensation. He has been influential in many of the country’s largest corporate transactions. Jeremy Goldstein earned his bachelor of arts degree from Cornell University and later earned his master’s degree from the University of Chicago. He received his law degree from the University of New York, School of Law.