“Closer” the 2016 hit by the Chainsmokers and Halsey has garnered diamond platinum certification. This is a huge development for both the Chainsmokers and Halsey and represents a seminal accomplishment many artists do not make. Diamond status is awarded to singles and album that sell over ten million units. “Closer”, which was written by Taggart, bolted to the top of the Hot 100 shortly after its release. It proved to be hotter than the summer of 2016 and sat on its chart-topping throne for quite a while. It reigned supreme on the all-genre top lists for so long it eventually garnered fourth longest-running No. 1 hit in the history of the U.S. This would be the first of many accomplishments to come. The Chainsmokers have a habit of producing work that goes on to become as old as they are. As they have been around for a mere four years, their new music still charts with older hits.
The Chainsmokers came to be in 2012. The EDM duo of Alex Pall and Andrew Taggart were relatively unknown until they broke out in 2014. Their first hit single, “#Selfie” debuted the catchy beat audience still cannot get enough of. By 2016 however, they had much more to show. Not only had they become integral parts of their song-writing, Taggart himself was taking lead vocals on songs. The duet quickly singled themselves out form the rest of the pack. Their first album release, “Memories… Do Not Open” was a refreshing success. It would go on to garner third longest running non-consecutive No.1 on Billboard. Soon after they would produce “Closer” and the industry would finally regard them as artists.
“Closer” would go on to nab a smattering of awards, and would also earn all three artists their first Grammy nomination. Now it sits atop the hill once more. Diamond certification is a very sought-after accolade in music circles. The artists broke the news to their fan base with a series of posted photos on Instagram. The news cannot come at a better time for Pall and Taggart, as the duo is in the midst of planning their second studio release.
Many corporations have in recent times foregone the stock options as one way of workers compensation plans. To them, it is no longer a working method that can be sustained. It is for this reason that there has been an increase in the number of companies that are not interested in offering them. Although many companies are quoting the excuse of wanting to make more money as the reason they have foregone this practice, this is not the only reason why it is happening. There are so many problems that can be associated with the stock options which companies are experiencing and these have been some of the reasons why they no longer see them as a viable method.
So, what are the reasons why many firms are replacing the stock options? This is a question that New York lawyer and an expert in workers compensation can help us answer. He is an expert who has been in this industry for a long time and therefore knows all the reasons as to why we no longer need them. Jeremy Goldstein insists there are three reasons why many companies have seen the stock options as one of the most unreliable methods of workers’ compensation.
According to Jeremy Goldstein, stock options are costly to the firm. They normally have a negative impact on the company if they happen to lose their value. Workers have also been avoiding them due to the nature of their unpredictability. It is almost impossible to budget for them since you never know the time they will drop in value. The economic challenges that are present today are making it very hard for any organization to be certain of its future. It has become a norm for employees to prefer a higher salary over the stock options.
Jeremy Goldstein recommends varied incentive programs to business organizations. He has worked for over 15 years in the corporate sector dealing with compensation plans for various business organizations. He says that with a good compensation plan, a business stands to gain.
In his service, he has witnessed business organizations face challenges in dealing with workers’ compensation and the shareholding. Some organizations implement methods such as stock options which lead to option overhang. In the end, there is a conflict of interest between the workers and the shareholders. An incentive program that hurts either of these two groups will be ineffective for any business organization. Learn more: http://www.bizjournals.com/newyork/potmsearch/detail/submission/6423046
About Jeremy Goldstein
Jeremy Goldstein has worked as a compensation expert and a lawyer in many organizations. He has the requisite experience to give directions to any company that would be interested in making a worker’s compensation program that is solid and one that is based on the benefits to the company.