The complexities of wealth transfer for the individual are mirrored by those of the corporation. If the corporation is closely held, it becomes an element of the wealth to be transferred. If the corporation is more broad-based in its ownership, or publicly owned, the challenge may be to protect the corporation and to perpetuate the wealth it creates for its employees and shareholders.
Today the public corporation's ability to compensate its senior executives is constrained by limits on deductible compensation, increased stock option costs, heightened disclosure requirements and concerns about financial statement effects. Moreover changing rules create new problems and opportunities for corporate managers. Fierstein & Co. develops programs that enable managers to respond to change and to enhance executive compensation.
Many corporations are concerned about retaining and protecting their executives, as well as enabling them to retire with adequate income. Frequently, however, corporate benefit plans do not adequately address individual needs; Fierstein & Co. designs executive benefit programs that reallocate the cost of such plans to provide solutions that respond to both individual and corporate needs, while addressing accounting, tax and other rules that may apply.
Fierstein & Co. brings imagination, innovation and experience to the funding and design of employee benefit programs. We satisfy the diverse needs of employer and employee by incorporating issues of cost, security and benefit design to develop successful programs. We then identify and acquire the appropriate products and services for our clients.
