Dr. Jacob Gottlieb is an Association for Investment Management and Research award recipient. This award was received in 2001. In Providence, Rhode Island at Brown University, Jacob Gottlieb, earned his bachelor of arts in economics.
Dr. Gottlieb graduated magna cum laude when receiving his doctor of medicine (M.D.) degree at New York University medical school in New York city, New York. Even after completing an internal medicine internship at St. Vincent’s Hospital, located in New York City, New York, Dr. Gottlieb just could not deny his passion and allure with the stock market. Jacob quit and went on to live out his dream of being a financial pundit.
Dr. Gottlieb founded a company by the name of Visium Asset management where he would serve as managing partner and chief investment officer in 2005. Jacob Gottlieb’s parents immigrated to the United States in the 1960’s from Poland during a rough time Poland was having. John was born in Brooklyn, New York followed by the birth of younger brothers. Jacob Gottlieb’s mother was a pediatrician and his father a professor of economics at the City University in New York city, New York. It is easy to see where Jacob Gottlieb has fascination with both medicine and economics.
Jacob Gottlieb got his entrepreneurial spirit as a young child when he would sell drinks out on the golf course. Jacob would purchase drinks, load them onto a cart and pull them through the golf course. Jacob was gaining profit by being a young salesman to the golfers.
In order to contend with other the hedge fund industry managers who have been successful in the past, Gottlieb wants to transform his company Visium into a multi-product and multi-strategy force. Dr. Gottlieb is confident in the long term ability in his company due to the culture of the company. Gottlieb believes in doing things the right way and having integrity.
Jacob Gallieb is a supporter of several charities. One charity that Gottlieb is involved in is called Robin Hood. Robin Good is the most grand organization in the city of New York that fights poverty.
In an article in thereisnoconsensus.com, Jeremy Goldstein has introduced a solution to the employee stock option problem encountered by most corporations, assisting them to gain the benefits without incurring the disadvantages. Recently, corporations have taken to not providing employees with stock options. This has been for a number of reasons.
According to the article, significant drops in the stock value make it impossible for employees to exercise their options. Employees have also grown guarded about this compensation method because economic downturns effectively make options valueless. Additionally, options bring about certain encumbrances in accounting, so much so that the costs may end up overshadowing the financial benefits of the derivatives of stocks.
Nonetheless, Goldstein asserts certain advantages to stock options. Stock options can still be advantageous to monetary compensation because it is relatively easier for employees to understand stock options. Secondly, options are only valuable in terms of boosting personal remunerations if the share value of the company rises, which encourages prioritizing the success of the company. Also IRS rules make it harder to give employees equities. According to the article, this is especially true when compensation is developed for top executives. Companies may be subjected to greater tax burdens if they award shares as opposed to options.
The article provides “knockouts,” a type of barrier option, as a solution. Although these options have the same vesting and time requisitions as normal stocks, employees only lose them if the share value falls under a specific amount. This relieves the illogicality in eliminating stock benefits because privces have plunged for a few hours or days. With “knockouts,” employers can avoid the problem by only cancelling if the value remains low for at least a week. The knockout option also reduces accounting costs and eliminates overhang threats for non-employees. They also result in lower executive compensations on disclosure documents and give employees a stronger incentive to keep the stock value from dropping below forfeiture thresholds.
Jeremy Goldstein is a vocal figure in transactions involving top names like Verizon, AT&T, Bank One, Duke Energy, Chevron and Merck. He is also on the boards of the Fountain House non-profit. He is also the chair of the Mergers & Acquisitions Subcommittee of the Executive Compensation Committee of the American Bar Association Business Section.
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