Jeremy Goldstein Advises Companies on Structuring Incentive Plans

Should Earnings Per Share (EPS) be the main factor in deciding executive and other employee compensation? That’s the subject of an article about New York City business attorney Jeremy Goldstein recently published in the New York City Inquirer.

 

Using EPS as a metric for determining fair employment compensation is generally a good idea, according to Jeremy Goldstein. It obviously expresses the main goal of appropriate employee compensation, which is to enhance the strength and profitability of the business. EPS reflects the success the employees have had in running the company and keeping it profitable.

 

And EPS is extremely important to the shareholders. It is a prime factor in determining the market price for the stock. It influences the decisions of the company’s owners about whether to continue to hold on to their shares or to sell them, which also affects the share price. Also, recent studies have concluded that based employee compensation on EPS has made companies more successful.

 

However, opponents of using EPS also have some worthwhile arguments. They say the practice encourages CEOs to take actions that skew EPS in their favor, but which are not in the long-term best interests of the company. And, in the end, shareholders are best served when a company’s executives do what is best for the future of the company. Using EPS leads to favoritism and a lack of CEO accountability. The executives may skew EPS to drive the sales of its shares.

 

In his years of practice, Goldstein has seen how difficult it can be to fairly resolve these issues. Therefore, he favors a compromise that retains EPS while still holding executives accountable for their actions.

 

Jeremy Goldstein graduated from Cornell University with a B.A. in Art History in 1995. He went on to get his Master of Arts from the University of Chicago. He graduated from New York University School of Law in 1999. He started out as an associate with Shearman & Stirling, then moved on to the firm of Wachtell, Lipton, Rosen & Katz where he became partner. In 2014 Jeremy Goldstein formed his own firm, Jeremy L. Goldstein & Associates LLC, which focuses on advising companies on executive compensation, and other corporate governance issues, including those related to mergers and acquisitions.

 

Jeremy Goldstein has worked on many of the largest corporate transactions of this century. He has worked with Bank of America, Verizon, Goldman Sachs and oil companies. He writes for numerous law journals.

 

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Betsy DeVos and Heartfelt Educational Activism

Betsy DeVos is considered by many to be a graceful player in the political scene. As the United States Secretary of Education, she’s a common sight for people who focus on the media. People who give their attention to President Donald Trump’s administration probably know a bit about Ms. DeVos. People who concentrate on philanthropy and on general politics probably know something about the lady as well.

 

DeVos is often spotted close to President Trump and administration members during significant events. When Trump speaks to massive audiences, it’s not at all uncommon to see her nearby. She contributes to a sense of serenity and calmness that often takes occasions to higher levels. When other people are acting in a manner that’s less than relaxed and reassuring, DeVos makes a point to remain the classic definition of equanimity. Trump has been part of many things that people everywhere have talked about in vivid detail. People are aware of the reality that DeVos is on Trump’s team. He took action that involved educational institutions, public restrooms and gender identity. People may guess that DeVos’ thoughts rarely or never differ from those of Trump. That’s not accurate, though. If DeVos and Trump approach a subject in a different light, the public most likely will never know it. That’s because DeVos thinks that amicability is among the most vital things in the planet. DeVos has a sound mind. She’s a person who does a lot of thinking. She’s never in her life been someone who has been happy to simply take things as they are. She contemplates the functioning of the world all of the time. She thinks carefully about all the kinds of changes that may strengthen it for the greater good.

 

DeVos is a widely known activist who cares about bettering education patterns in the United States. She’s constantly doing her part to tweak the United States educational system. She has quite a few objectives that involve this system and how it runs. She doesn’t like that American parents in most cases can’t pick the schools that they think would help their children the best. School enrollment generally relies on families’ specific locations. Children usually have to go to schools that are designated for their towns and cities. Most American parents are unable to manage hefty tuition costs. That’s why they have to resign themselves to sending their kids to schools that often aren’t the strongest fits. Learn more: http://www.betsydevos.com/

 

This philanthropist puts her money where her mouth is. She organized the Dick & Betsy DeVos Family Foundation approaching 30 years ago. This was a collaboration with her husband, Dick. It continues to be a pleasant and efficient collaborative effort to this day as well. The group consistently makes sizable donations to causes that are of interest to it. It delves into causes that involve everything from cultural to leadership practices. DeVos isn’t someone who wants to keep things in the United States the way they are. She’s someone who wants to better the nation for all.

Gregory Aziz and the Failing Railcar Industry

Railroads are a failing industry. Everywhere you look around North America there are sidings with old and dysfunctional rail cars that have been sitting and accumulating rust for years. The number of trains on the rails has decreased, and several railroads that were alive 50 years ago are nothing but a name in the history books now. So why would anyone purchase a supplier to a failing industry? One man named Gregory James Aziz did just that, and his decision has him laughing all the way to the bank.

 

Gregory J. Aziz first got into the business world when he joined his family’s company, Affiliated Foods, in the early 1970s. He soon showed the world that he was a force to be reckoned with, and he turned Affiliated Foods from a domestic purveyor of foodstuffs into an international powerhouse in the industry. Gregory James Aziz made deals with exporters from South America and parts of Europe to bring in new and exotic offerings for his customers. With his skills in sales, he was able to find several new customers in the United States and Canada that would pay top dollar for Affiliated Foods’ premium products. He grew this company, and he was about to bring his expertise in this area of business to a new venture.

 

In 1994, Greg Aziz purchased a failing railcar manufacturer located in Hamilton, Ontario. National Steel Car had been around since 1912. Through that time, it had gone through several restructurings, name changes, acquisitions, and other changes that had left it stripped of cash and without any clear direction. Aziz was about to change all that.

 

Knowing that this company was able to attract top engineering talent, he focused on the engineering aspect of the industry. Aziz wanted to create lightweight, efficient, and safe freight cars for his customers. With several industrial accidents at the front of the mind in the early 1990s and 2000s, safety and regulatory compliance were at the top of the list for most customers.

 

Aziz also funneled cash into capital projects and new initiatives at the manufacturing facility. He grew the plant capacity by nearly 300 percent in only a few years and hired an additional 2,000 workers to handle the increased demand. Now, National Steel Car is one of the last railcar manufacturers still around. While other companies focused on cutting costs, Gregory James Aziz knew that creating quality railcars is what would bring the customers in, and he was right. Thanks to his leadership, National Steel Car has never been better, even though it is in a “failing” industry.

 

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Gregory Aziz The Miracle Man of Freight Cars

The world knows very little about the fascinating Mr. Gregory J Aziz, the President, Chairman, and CEO of National Steel Car, a leader in railroad freight car engineering and manufacturing. While the company has been in existence for over 100 years, Greg Aziz, an economics graduate of Western University, has more recently taken the helm in 1994 to provide exceptional railcars for the world’s train use.

 

Gregory James Aziz was born in 1949 in London, Ontario. After gaining his education at Ridley College and moving on to graduate with an economics degree from University of Western Ontario he joined his family in their wholesale food company in 1971. It was called Affiliated Foods and in its 16 years of business became a global importer of fresh foods to all of the United States and Eastern Canada.

 

In the late 80’s through early 90’s, Greg Aziz relocated to New York and began working on a variety of investment banking opportunities. This brilliant career move allowed him to raise funds to purchase National Steel Car from Dofasco by the year 1994. He knew from the onset that he wanted to restore the once great Canadian company to its previous glory and transform it into the world’s foremost railroad freight car maker.

 

Using his remarkable business acumen, Gregory Aziz increased the businesses already strong engineering proficiencies, incredible team-building skills, and the substantial capital and human investments to enlarge its manufacturing abilities from 3,500 freight cars a year to 12,000 freight cars by 1999, a short five years from the time of purchase. Even more amazing, employment shot from 600 people to over 3,000.

 

Much in thanks to Gregory James Aziz and his remarkable business intuition, National Steel Car is the leader in all of North America in new freight car innovation and manufacturing year after year. It is the only company of its kind to be certified ISO 9001:2008. It has held this honor for more than 18 years. It has also won the TTX SECO highest quality award consistently since 1996. One thing is for certain. Mr. Gregory Aziz has found his calling and the world of freight cars is better and safer for it.

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How Roberto Santiago Made Manaira Shopping Mall A Daily Destination

The entrepreneur Roberto Santiago was born and raised in Joao Pessoa, Brazil. After earning a business administration degree at the University Center of Joao Pessoa he launched his own business. This was a business that designed and manufactured cartons. The cartons were used by his customers to put their products in for store shelves. His success at this company led to him amassing enough money to enter the field of real estate development. He bought some land in Joao Pessoa in the mid-80s and then built a mall on it. The mall, Manaira Shopping Mall, was completed in 1989.

Over the years since founding Manaira Shopping Mall, Roberto Has led the company as its chief executive officer. He has kept the mall up to date and fresh by expanding upon it over the years and bringing in more shopping and more things to do. It is now one of the biggest malls not only in the state of Paraiba but in fact all of Brazil. Due to all of the things to do at Manaira Shopping Mall some people in the city have made it one of their daily destinations.

Manaira Shopping Mall has just about every type of retail store in it. The food court area is something that Roberto Santiago has greatly expanded over the years and focused on. It has had three major renovations, taking place in 2008, 2012, and 2014. No matter what type of food you enjoy or how much you want to spend he has made sure you have options. There are now a host of different fast food options as well as mid-tier restaurants. The latest renovation was done so that Manaira Shopping Mall can now offer high-end cuisine. The newest occupants that offer this type of food are Capital Steakhouse, Espaco Gourmet, and Waynes. It also features a restaurant made to be very kid-friendly, Pirlimpimpim Buffet.

One of the most popular additions to Manaira Shopping Mall that Roberto Santiago had added was Domus Hall. Completed in 2009, it’s a place that can hold concerts and other major events. It can hold over 8,000 people and is an air-conditioned space. Since it was opened it has played host to art exhibits, fairs, theatrical performances, and concerts featuring both Brazilian musicians and international artists.

Due to Roberto Santiago wanting to make the mall a daily destination it has a host of entertainment options. There is a movie theater and a huge gaming area that includes a bowling alley. The entertainment options are wide enough that there’s something for everyone to enjoy regardless of their age. It’s due to this reason and everything else that Manaira Shopping Mall is one of the busiest ones in Brazil.

 

Dick Devos

Dick Devos is a very notable individual for his passion for reforms concerning state laws in Grand Rapids. He is a husband to Betsy Devos who is the US Educational Secretary. Dick is the oldest son of the prominent Amway.

From 1993 to 2002, he was the chief executive officer of Amway. He, alongside his wife, has a lot of influence in society that they use to push for positive reforms. Along the changes, dick has also had a significant role in philanthropic activities.

One of the significant contributions of dick was, lobbying against the construction of the multi-purpose sport and convection arena in Grand Rapids. When he heard about the proposed plans for the north of downtown, he immediately laid down his tools and made several calls. His main reason why he refused to support the idea was the failure of similar previous plans. The projects that failed include the palace of Auburn Hills and Pontiac silver dome in Detroit.

His effort to block the construction of the multi-purpose sports and convection arena continued for a long time. In the process, there was the formation of the Grand Action. The grand action comprised of a group of highly influential people in the development of Grand Rapids. The members spearheaded the construction of stunning buildings including the Devos Place Convention Centre, Devos Performance Hall, Van Andel Arena, And the Michigan State University’s Medical School.

A few reforms that dick spearheaded in changing policies and institutions include the labor law in 2012. He actively participated in converting Michigan organized labor to giving people the right to work. Moreover, there was the abolition of the restriction on a qualification for employment, which required that one should belong to a union.

He also put efforts in educations reform to allow for tax-funded vouchers that in helping the students attend private school. The people rejected the proposition in 2002. The incident leads to the failure of dicks campaign for governor, six years later. He lost the seat to incumbent Jennifer Granholm. Dick persisted in his efforts until recently when the district of Colombia and 24 other states adopted the education policy.

In philanthropy, dick made a total of $ 138.7 million between 1989 and 2015 to support several projects. Some of the projects include health, art, culture, churches, educational policies, and leadership programs among others. He also donated $ 12.5 million in 2006 toward the construction of a children’s hospital named after his mother, Helen Devos.

 

To learn more, visit http://www.dbdvfoundation.org/.

Brazil’s Mobile Phone Sales Are Up In 2017 And Bradesco’s Chairman Luiz Carlos Trabuco Is Ready For More Mobile Banking

Brazilian are big mobile phone users. Brazilians bought more than 48 million mobile phones in 2017. That’s a 10 percent increase over phone purchases in 2016, according to Brazilian Association of Electrical and Electronics Industry. Bradesco’s digital banking platform is up and running, and mobile banking is part of that platform.

President and CEO Luiz Carlos Trabuco and the bank’s IT Chief Mauricio Machado de Minas are responsible for developing the online banking platform, Next, and it didn’t take long for Next to become the next big thing in the banking world. Wall Street is giving Bradesco, the second largest bank in Brazil, a big “thumbs up.” Investors ran away from Brazil because of the economic uncertainty in the country, but they are coming back. There’s money lurking in the cracks of the devastating recession that gave Brazil a black eye in the global economic race and Trabuco and his banking team found it.

Luiz Carlos Trabuco is the new Chairman of Bradesco’s Board of Directors, but he is still functioning as the president and CEO of the bank. Retiring Chairman Lázaro de Mello Brandão is ready to hang up his banking credentials after more than 70 years with Bradesco. The 91-year-old banker is the oldest bank chairman in Brazil’s banking history, and one of Bradesco’s longest-running employees.

Read more: Bradesco to Choose Board Member as New President, says Trabuco

Lázaro de Mello Brandão began his banking career with Bradesco when the bank was new to the Brazilian market. He is one of the people who made the bank what it is today in terms of assets under management and revenue. Luiz Carlos Trabuco is the other name that comes up when people talk about Bradesco’s success. Trabuco didn’t start his banking career until 1969, but he is still one of the oldest employees. Trabuco is also one banker who knows how to get things done. After graduating from the University of Sao Paulo with a degree in philosophy and a graduate’s degree in psychology, Trabuco decided to become a bank trainee with Bradesco. It didn’t take long for Luiz to excel in several bank positions, and by 1984 he was one of the bank’s vice presidents. He took the job as president of the bank insurance division, Banco Seguros, in 2003. And in 2009, he got the bank’s president job. For the last eight years, Trabuco and his team of executives have given shareholders something to cheer about. Now that he is chairman, the world is watching and Wall Street is clapping because he knows how to run a successful private bank in the largest country in Latin America based on brasil247.com.

Trabuco first order of business is to find his replacement within the bank. There are seven candidates, and they all work with Trabuco now, but in different capacities. IT Chief Mauricio Machado de Minas is the man that has a good shot at getting the job, but Alexandre da Silva Glüher, the chief risk manager does too. Human Resource Manager, Andre Cano, and chief lending officer, Domingos Figueiredo Abreu are also in the hunt. But Banco Seguros President Octavio de Lazari may have an advantage because of Trabuco’s past association with Seguros. Bank operations specialist Josué Augusto Pancini is also a contender, and so is Marcelo Noronha. Noronha heads the bank’s investment division.

The new CEO will take over at the annual shareholders meeting in March 2018 according to folha.uol.com.br. Trabuco will continue to be the CEO and the Chairman until then. And 91-year-old Lázaro de Mello Brandão will still have an office in the bank, so he won’t be completely out of the Bradesco decision-making process.

Find more about Luiz Carlos Trabuco: https://www.terra.com.br/economia/trabuco-assumira-presidencia-do-conselho-do-bradesco-banco-nomeara-novo-chefe-executivo-em-marco,9fb1d7fe927d7f26678a7543f82f02edw3u6oihm.html

Happiness to Bob Reina is a Warm Puppy

Compassion for animals can be intimately associated with the goodness and character of a man. If that be true, it’s no wonder Bob Reina a former Hillsborough County Sheriff, has so many accolades attached to his name when it comes up in a conversation. Bob Reina, a self proclaimed animal lover, a champion of animal causes, and a respected mentor of his community, is one cool dude. This humble easily accessible business titan, he is the CEO and founder of Talk Fusion, is the man behind a million dollar gift to the Humane Society of Tampa.

 

When it comes to the well-being of animals, Bob Reina is a philanthropist whose love and generosity for our four legged friends has no bounds. The owner and rescuer of eleven dogs and cat, his personal menagerie includes five stray cats: Lucky, Chance, Madison, Mystery, and Scrappy; three bassets hounds: Presley, Blue Bell, and Stormy; and Bindi a rescued Labrador mix who survived an alligator attack and looks like a giraffe. When asked about his love for animals, Mr. Reina’s response is simple, “I’m just a big animal lover.” He admits to being that way his whole life. ” Animals can’t help themselves,” he says, and even though there are a lot of other causes in the world that help animals and people, Reina has “an affinity for pets.” Learn more: http://www.dailymotion.com/video/xn0r8i_invite-them-to-the-webinars-talk-fusion-bob-reina_news

 

 

The Humane Society of Tampa Bay was established in 1912. For years, the society’s primary objective has been ending homelessness among animals. They have met that objective by providing care and comfort for needy animals. They are Four Star Charity accredited by AAHA. Mr. Reina’s initial gift of $250,000 was followed by a gift of $750,000. The donations will help the society build a low cost vet service clinic for pet owners who can not afford vital pet services.

Dick DeVos; Giving Poor Families’ Children Hope

Betsy DeVos Career in politics dates back to her time at Calvin College where she was a student leader and has been involved in politics ever since. Currently, Betsy is the Cabinet Secretary for Education in the US. During an interview with Philanthropy, Mrs. DeVos shared her role in educational reforms particularly her passion for championing school choice. Betsy expressed that she discovered that many parents at Potter’s House Christian School struggled to pay tuition fees for their kids and it is because of this that she and her husband Dick DeVos started paying school fees for individual students.

 

The number gradually increased, and it became an entire community of students. While Betsy and Dick enjoyed the privilege of choosing a school for their kids, most low-income families did not have such privilege and as such began advocating for school choice where parents could access schools outside their Zip codes. According to Mrs. DeVos, I Discovered that her most celebrated success includes the Florida Tax-credit scholarship fund that currently serves over 50,000 scholars and lets them attend the school of their choice.

 

Moreover, presently over 250,000 kids are learning in 33 publicly funded, private-choice programs in 17 states as well as District of Columbia. The number is expected to continue growing over the years. Among other educational reforms that Betsy believes modern parents should embrace include the homeschooling option, digital learning and charter schools.

 

About Dick DeVos

 

Dick DeVos is a successful business person and a politician and has held multiple executive positions including working as the CEO of Amway from 1993 to 2002. Looking at his tenure at Amway, I learned that Mr. DeVos managed to expand the firm’s operations in more than 50 nations raising the company’s internal sales to approximately $4.5 billion. Other posts held by Dick DeVos include being the President of Windquest Group and the President and CEO or Orlando Magic.

 

Besides, Mr. Dick DeVos is a renowned philanthropy and has donated millions of dollars to support various charities including education, religion, health and arts & culture. Dick is the founder of the Education Freedom Fund that offers scholarships to children from low-income families. In 2010, her Husband Dick started the first aviation Charter School as supposed to a private school. The school was known as the West Michigan Aviation Academy and was free to the public allowing more scholars to attend. Additionally, Mr. DeVos is a member of various charitable firms like Grand Rapid Economic Club, Willow Creek Association, and Spectrum Health among many others.

The DeVos family name has a long history of philanthropy, and I believe that Besty and Dick have lived up to their family name.

 

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Securus Technologies fights contraband cellular devices through hi-tech means

One of the most serious issues facing modern penal institutions is the threat of illegal cellular devices. Although most people may not fully appreciate the threat that these devices pose to carceral institutions, they’re often used by gangs and their leaders to perpetrate criminal acts, both inside and outside of the prison. Allowing dangerous gangs and hardened criminals access to these devices can easily undermine the safety and security of both the prison and the public-at-large.

 

One company, Securus Technologies, one of the largest security and communications companies in the country, has been making significant progress in the fight against illicit cellular devices in the nation’s prisons. Through its technology called Stingray, Securus has been able to develop a system that can not only detect all illegal cellular devices but can also intercept communications on them, giving officers a huge advantage in the fight against gang activity within prisons throughout the country.

 

In fact, prisons where the Stingray system has been deployed are reporting an almost complete elimination of all illegal cellular devices. This can be measured by the number of illegal devices confiscated by guards during routine raides of inmates’ quarters, which almost always will turn up significant numbers of illegal cellular devices. New devices are smuggled in by various means, including those coming to visit inmates and guards who are operating in concert with gangs and inmates, who sell the devices for cash and other bartering items or use them for crime.

 

The ability of prisons to successfully detect and intercept all illegal communications as well as the ability to confiscate the devices through the use of sophisticated localization equipment has given these prisons a huge edge in the fight against contraband cellular phone. This enormously popular technology is being deployed to more and more prisons across the United States, making it ever more difficult for gangs and other criminals to utilize contraband cell phones successfully.