St. Joe Company is one of the largest real estate organizations in Florida. The company was established with a primary purpose of transforming the real estate development in the Panama City Beach. In the recent past Kerrisdale Capital which is a privately owned investment firm published a report which was negative talking about their position in the Florida based real estate company; St. Joe Company. According to Kerrisdale, it is not possible for St. Joe to develop their land irrespective of their $1 billion valuations. The remaining land is located in a swampy environment, bare and remote area.
St. Joe Company has been selling more than 400k square meters commercial space as well as 2700 space for developing residential homes every five years. According to the report, it means that the Florida based development firm will be the top selling real estate firm in the United States of America. This is just a report, in reality, St. Joe Company has been having less advancement in the market. Kerrisdale carried out the research and they came out with the results which indicated that St. Joe has no records when it came to fillings of permits, constructions as well as other processes. According to Sahm Adrangi individuals as well as organizations who invested in St. Joe and have been waiting for long should be ready to wait longer because according to him the construction and development company continues to struggle and their lands which were practicable are no longer executable.
Sahm Adrangi is the Chief Investment Officer and the Founder of Kerrisdale Capital Management. The company which is a privately owned investment firm was established in 2009, and ever since the creation of the firm Sahm Adrangi has been active in the management of the organization. The group has tremendously expanded. Mr. Sahm established the firm with $1 million and in 2017 the firm’s capital was $150 million. Sahm Adrangi does not only own and manages the company, but he is also an author who sells and publishes research. Mr. Adrangi has taken the step of sharing his studies on Kerrisdale’s website. Sahm Adrangi is also a motivational speaker who began his career serving at Deutsche Bank as a credit officer. He is a graduate of Yale University where he studied and graduated with a Bachelors of Arts in Economics.
Corporations and companies are struggling to obtain a comfortable economic environment, and it has not been easy. There are many factors to be considered to achieve a suitable commercial surrounding for a corporation. Jeremy Goldstein has been able to witness the destruction that the poor environment can cause an incentive to the employees and thus lead to significant loss to the long-term investors. Jeremy has worked in several companies from Goldman Sachs to Bank of America. He has thus gained the necessary skills and experience to offer solutions on how to take care of incentive-based programs.
Jeremy Goldstein offers to understand to the client on the riddled performance structured pay programs. The use of earnings per share about show how the handling of incentives of an employee is significant. The EPS is among the most significant stock market influencers, therefore, making it essential to the shareholders and is what makes them buy or sell. EPS is also responsible for providing incentives which the company increases the payout for each employee. Learn more: http://officialjeremygoldstein.com/philanthropy/
Recent studies have pointed out that companies that include the EPS in their overall pay structure make them more successful. Many would argue that EPS is beneficial if added to a business strategy. However, entities can be allowed to leverage EPS to an unfair advantage due to the competitive nature of the market. Those against the EPS have shown that implementation of EPS can cause the favoring CEOS of companies. They believe that the CEOS and Executives are awarded too much power that alters the final results of whether metrics are met or not. The altered metrics can lead to driving the company shares which is misleading and against the law.
Other disadvantages highlighted of the EPS is that the metrics only consider short-term benefits. Therefore, EPS does not provide a sustainable method of supporting the development of the corporation in the long-term. The performance-based pay system is also not advocated as it is ever-changing.
Jeremy Goldstein, a graduate of New York School of Law, has been practicing law in New York for some years now. Jeremy is a partner to the Jeremy L. Goldstein and Associates, LLC. Jeremy Goldstein has worked in several firms including Wachtell, Lipton, Rosen & Katz law firm.
Mr. Goldstein has been part of many corporate transactions in the past including acquisition of Duke Energy by Progress Energy. Goldstein also holds the position of Chair of Mergers & Acquisition Subcommittee of the Executive Compensation Committee of the American Bar Association Business Section. Jeremy is also an expert in compensation law according to Leading Lawyers for Business and The Legal 500.