In a recent article posted by Interviewmagazine.com, a member of The Chainsmokers, Alex Pall, was interviewed about the band’s recent track “Closer” and how working with his partner, Andrew Taggart has changed his life.
When asked how the two men met, Alex Pall revealed that he shared a mutual manager with his bandmate before they knew each other. They were both DJing in their free time and trying to find a way to integrate the dance styled music that they were passionate about into something more than a hobby. After meeting Taggart, the two hit it off instantly and began working together right away. They knew they were onto something big when Taggart moved down from Maine to New York and Pall quit his job at a New York art gallery. Pall was amazed to have found someone who understood his creative direction.
The duo admitted to being worried about building a unique identity in the electronic genre of music. It was a balancing act of creating something that would fit in with the current trends, but would also stand out among the thousands of other songs being made at the same time. A breakthrough came when Pall and Taggart decided to stop formatting themselves and just produce whatever they wanted to. It seems to have paid out with The Chainsmokers growing in popularity, earning themselves five Top 10 Hits and one Number One Hit.
With Alex Pall and Andrew Taggart both being DJs, selecting additional artists to be included in a song is a common occurrence. Their Number One Hit “Closer” featured Halsey, a singer and songwriter, and was an instant success. When asked how the process went, Pall stated that it had gone incredibly. The duo had been wanting to work with Halsey for some time and when Taggart and a friend began writing the lyrics to “Closer” they knew that there would be no one else for the job. Pall said Halsey’s voice was strong and unapologetic, which helped the song stand out. They hope to be working with more outstanding artists in the future as they continue to produce music.
Corporate lawyer Jeremy Goldstein is working with companies who are worried about offering stock options. Lately, companies have begun cutting out stock options as part of employee stock options. Some of them claim they do it to save money. There are several issues that cause companies to cut these benefits. First, if the stock value drops suddenly, it will make it impossible for employees to execute their options. Company accountants are forced to report all related expenses and stockholders are also forced to face the risk of option overhang. Stock options also cause massive accounting burdens. Learn more: http://files.ali-aba.org/pdf/Goldstein%20new%20BIO.pdf
Stock options still have benefits despite the critics. The stock value is tied to the company’s success which causes employees income to increase. This will convince employees to work at drawing in new clients and satisfying current clients. Stock options are preferred because they don’t have as much of a tax burden on the company as shares do. For those who are interested in awarding employees with options, they should consider knockout options. Knockout options eliminate the obstacles that come with stock option compensation. Another benefit for the company is if they wait half a year before awarding new options, if not they may face a negative impact on their quarterly financial statement.
Jeremy Goldstein is a corporate lawyer based in New York. He specializes in corporate governance and executive compensation. He has been influential in several large corporate transactions involving companies such as United Technologies, Verizon and AT&T. Jeremy Goldstein is the founder of the boutique law firm Jeremy L. Goldstein and Associates, LLC. He was previously a partner with Lipton, Rosen & Katz from 2000 to 2014. Goldstein got his law degree from the New York University School of Law. Jeremy Goldstein attended Cornell University, where he earned a bachelor of arts degree.