While The Chainsmokers may be having success after success in their musical careers, they still took the time to stop and honor one of their fallen friends in the musical industry. The world was shocked when Avicii, a producer and DJ from Sweden that was very well known, took his own life due to mental illness that he had been battling most of his life. At this year’s Billboard Music Awards, The Chainsmokers took the time to honor Avicci and the legacy he has left behind twice during the ceremony, once before presenting an award and then once again while accepting their own.
The Chainsmokers were accompanied by Halsey who had performed on their hit song Closer when they presented an award to Luis Fonsi that evening. Halsey emphasized the importance of reaching out to those around you that you care about when they are trying to survive depression and other mental illness before it is too late. The Chainsmokers themselves have mentioned depression, anxiety, and other types of mental illness in many of their songs. In fact, their newest releases are much darker than anything that they have come out with before and address these issues in a way that many of their fans can deeply relate to even if they are not celebrities themselves.
The Chainsmokers picked up their own award for best Dance/Electronic act that evening. While accepting it, they stopped to dedicate the award to the late Avicci due to the influence that he had on the entire EDM world. Without Avicci, The Chainsmokers stated, they do not believe they would be where they are today in the industry. Prior to receiving the Billboard award, the Chainsmokers had made the top position on their dance charts earlier this year. They currently are finishing up their second studio album and fans are excited to see what single they will be releasing next. Previous releases from 2018 include the song Sick Boy which addresses some of the mental problems that can accompany a life on social media.
Earnings per Share has often been a topic of conversation in recent days. Some recent controversy surrounding the disadvantages of the pay-per-performance model has caused some companies to drop it completely. While the advantages of the model are clear, providing increased incentive for employees to work towards the benefit of the company, and providing a profound effect on stock prices, it’s not without disadvantages. However, Jeremy Goldstein believes that it doesn’t have to be dropped completely. He provides his insight on the EPS model, as well as a compromise that allows you the advantages of pay-per-performance without the drawbacks of EPS.
The Drawbacks of EPS and How to Fix Them
EPS is fantastic. It provides numerous advantages and its a proven tool for growing your business. But it doesn’t come without drawbacks. Higher-ups are easily able to take advantage of the system, sometimes using it to manipulate metrics to their benefit. This manipulation can cause lasting damage to a business and misleads shareholders in order to drive up share prices and make a quick buck. This is, in part, due to a core instability within EPS which makes it unreliable and prone to fluctuation.
But there is a solution that allows you to use EPS for long-term benefits, and it comes in the form of a compromise. As Jeremy Goldstein explains, if executives and CEOs are held responsible for using EPS to manipulate share prices, or damaging the business in other ways, it would encourage long-term planning, align the metrics with that goal, and allow the company to grow and prosper.
Jeremy Goldstein, J.D.
Goldstein is a New York business lawyer who has worked in the field for many years and is considered one of the best business lawyers in the United States. He currently runs his own law firm, which has served numerous major clients, from oil and cellular companies to major banks. He is highly regarded in the field of law and has earned positions in the Legal 500 as well as the Chambers USA Guide to America’s Leading Lawyers for Business.
In addition to his career in law, he makes sizable donations to Fountain House, which aims to provide help to those who suffer from mental illness. He also contributes to a number of law journals, including the NYU Journal of Law and Business. Overall, Goldstein is an exceptional lawyer, well qualified to be tackling the issues of pay-per-performance and EPS. Learn more: https://www.slideshare.net/JeremyGoldstein14/aci-compensation-committee-presentation-2016