Back in the day, getting a bonus based on the performance of the company came standard. If certain goals were met, then you would get a higher bonus because you helped the company get to that point. If they were not met, then you would get less of a bonus. The structure seemed to work, and there were often better results being reported and higher employee satisfaction with pay plans like this. However, in recent decades many companies are starting to wonder if these plans really do help to increase the bottom line or if they hurt the company over the long term.
The main argument for these plans comes from executives and employees that want to feel like they are a part of the company. They get a sense of ownership when they know their pay is tied directly to the performance of the company. They would argue that they are going to work harder to make things better for the company overall. Executives will say that they will start new projects to increase production and come out with new and innovative plans for gaining customers if they knew that they could get a hefty bonus because of it.
Opponents of performance-based pay will say that, even though the company’s performance in the short-term is improved, the long-term goals are being sacrificed by the people in charge just to get a few extra bucks at the end of the fiscal year. They are worried that executives will put off needed capital expenditures and that employees will just work to get production out the door while letting the company fall into disrepair just so they get a larger bonus check at the end of the day.
Jeremy L. Goldstein, of Jeremy L. Goldstein & Associates, is all too familiar with this problem. His firm specializes in corporate law and compensation law, and he has seen both sides of this argument play out several times over. He has suggested that companies pay on performance, but make sure that the metrics also include some longer-term parameters rather than just annual or quarterly earnings. This will give the incentive to keep things up for a long time. Also, he thinks that executives should be held more accountable for their actions. Compensation committees should scrutinize any decisions that the executives make that will also increase their bonus to determine if what they have done is really in the best interest of the company. Overall, Jeremy Goldstein is working hard to bring cases like this to a close and find a solution that works for everyone. Learn more: https://www.crunchbase.com/person/jeremy-goldstein#/entity
The National Steel Car Company has been in the right lane since Gregory Aziz took over the leadership about 15 years ago. Gregory James Aziz is known to be a pragmatic leader in the scene of business. He has placed the National Steel Car at the right place in the market to compete with the other companies dealing with the railroad materials in the same niche. His place of birth is London, and the surroundings of his life have influenced him a lot on the matter related to his career in the circle of business. Greg Aziz is qualified personnel in the arena of economics from University of Western Ontario. Gregory. The application of his skills in the sector of finance in the organization of the National Steel Car has made the issues flow smoothly. The coordination between various departments is perfect in the firm.
In 1971, Gregory Aziz made a debut as an assistant in the Affiliated Foods Company which was a family business. The role he played in the firm confirmed to the management that he had great ideas that were helpful for the Affiliated Foods to gain its objectives. The commitment Greg put in his work made him attain the post of a manager in the company. Through the chance, he got an avenue to express his concepts and skills in the field of leadership. He expanded the Affiliated Foods and made it occupied the peak point on the importation of the fresh food material among the many companies in the continent of Europe. The efforts of the Gregory James Aziz in the scene of management was lauded by many in the organization. Furthermore, he planned the marketing tactics of the products of the firm by reading the trends in the market. The idea made the Affiliated Foods Company recognized across the globe mainly on the parts of the United States and Canada. Read This Article for additional information.
The investment that Greg had made while operating at the banking institutions in the New York boosted his need of acquiring the National Steel car in 1994. He became the president of the company and set in place all the necessary goals to project the firm at the right position in the market. James Aziz aimed to redeem the old reputation that the company had lost on the production of the railroad material and freight car manufacturing. He adopted the modern means of technology in steering the system of the company. Furthermore, he put the company under the monitor of the ISO.
Gregory James Aziz has logical skills in the scene of business that has been substantiated by his leadership at National Steel Car.
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If you have ever spent time working in or with the railroad industry, then you have probably heard of businessman and investor Gregory James Aziz. Gregory J. Aziz is one of the most well-known railroad tycoons in Ontario, and thanks to his help the rolling stock industry there is now thriving.
James Aziz was born and raised in Ontario. He attended Western University there and was pulled into business directly out of college. After working for nearly two decades in his family’s food distribution business, Aziz wanted to do something different. He knew that he had a special ability to help companies expand and grow, which was exemplified in his worked at Affiliated Foods. There he increased distribution to all of North America while simultaneously expanding the supply lines of the company to places never before used by the company, such as the deep jungles of South America and the distant lands of Europe. Now, he was ready for his next challenge.
Greg Aziz purchased National Steel Car in 1994. National Steel Car had about a century of history in the railroad rolling stock business, and their historical ability to create high-quality cars made them a namesake in the industry through the 1960s. However, when the trucking companies started to take away customers from the major railroads, companies like National Steel Car suffered. The previous owners no longer wanted anything to do with the company, and they started to pull out their capital and leave the shell of the company to rot. The future looked bleak for National Steel Car until James Aziz showed up.
Gregory Aziz made sure the company went back to the basics. In the past, National Steel Car had always been proud of its engineering capabilities. With new regulations in place in the industry and a demand for high-quality cars, now was the time to get back to the core of good design and engineering that NSC had always been good at in the past. To help this, Aziz sunk millions into capital projects and made sure customers knew that the new and improved National Steel Car was back. View More Information Here.
Thanks to his ability to strategize and made the mission of the company clear, customers flocked back to NSC. Production capacity was increased by over 300 percent thanks to the cash influx provided by James Aziz, and thousands of additional workers were brought on to help deal with the additional work. National Steel Car now remains one of the only rolling stock companies left in Canada, and it has lucrative contracts with all of the major railroads.
On November 13, 2017 Madison Street Capital was honored with winning a M&A award, the debt financing deal of the year for work they did for WLR Automotive. From 650 M&A participating companies Madison Street Capital was picked for this award. The M&A advisor awards are held at the Metropolitan Club in New York city. CEO of Madison Street Capital, Charles Botchway spoke about the honor of winning the award. Mr. Botchway congratulated the senior managing director of the winning transaction, Barry Petersen and WLR Automotive for their win.
As well as winning the deal of the year M&A award impressively they were announced as finalists for the banking firm of the year and financials deal of the year.
Madison Street Capital, an international investment banking firm, has been in business for thirteen years in Chicago IL, also holding offices in other cities in North America, Africa, and Asia. Madison Street Capital reputation has been growing like wildfire while they provide excellent service to their customers. The M&A review of Madison Street Capital sais that in 2015 their transaction volume went up by 27%. Leading the way for continual growth in 2016 and 2017, with expectations of further growth.
Madison Street Capital is privately owned and offers many services for businesses. Some of those services include acquisition services, corporate tax planning services, Private Equity, mergers and more. They work extremely hard to serve their customers and help the communities those customers serve by working with and supporting the work of United Way in times of disaster, and by providing the support of financing and capitalization structure to fit each individual clients needs. All this hard work has made them one of the leading providers in corporate finance, acquisitions, and M&A advisory in the country. Even with all of this impressive work Madison Street Capital has done they are still continuing to strive to be even better.
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