In April 2018, film critic Benjamin Lee of British newspaper The Guardian published an interesting article about the output of filmmakers during the 1990s, a decade that many cinema connoisseurs consider to have been one of the greatest in recent history.
Fans of independent movies will certainly agree with Benjamin Lee that “Reservoir Dogs,” the seminal 1992 Quentin Tarantino movie produced by Lawrence Bender, is a perfect example of what can happen when passion is mixed with a smart business outlook.
Born in 1957, Lawrence Bender thought about entering the field of civil engineering; in fact, this the career he pursued as a student at the University of Maine. While still in college, he became interested in the performing arts, specifically dance, and this new focus led him to become part of a film crew. By 1989, Lawrence Bender was already producing independent films and listening to passionate filmmakers such as Quentin Tarantino.
The 1990s were a busy decade for Lawrence Bender; after the success of “Reservoir Dogs” he went on to produce a string of crime dramas that would eventually earn cult status and critical acclaim. At the risk of being pigeonholed as a producer of gritty and quirky crime films, Bender started taking on projects such as “Good Will Hunting,” “Anna and the King” and “A Price Above Rubies.”
In the 21st century, Lawrence Bender has become known as a producer who clearly favors diversity. Aside from producing crime epics directed by Tarantino, Bender is known for the groundbreaking and game-changing documentary “An Inconvenient Truth,” which won an Academy Award in 2006.
Diversity has been key to Bender’s success as a producer; he can get involved with a quirky independent film such as “The Chumscrubber” only to turn around and start working on a historical military drama such as “The Great Raid.” He is certainly not afraid to produce promotional works such as “Goal!” in 2005 and the sequel “Goal II: Living the Dream;” these two films were part of an ambitious and effective public relations campaign for FIFA.
In the end, Bender’s diverse production output has resulted in 29 Oscar nominations and six awards.
Jeremy Goldstein is a partner with Jeremy Goldstein & Associates LLC. It’s a boutique law firm that specializes in advising compensation committees, CEO’s and management teams. Goldstein recently gave advice on how to handle Earnings per Share (EPS).
As employee and shareholder incentives, EPS’s are generally a positive thing. They are what motives shareholders to buy or sell. They also give employers incentives to increase employment pay. Recent research has confirmed that EPS’s are part of what tends to make companies more successful. Even though EPS’s appear to be very advantageous, entities can also easily supplement it to their own ulterior motives.
Those who oppose the whole idea of EPS’s argue that they allow for favoritism of CEO’s and skewing of the metric results. Others argue that they’re only good for short-term profitability and don’t provide any outlet of long-term reinvestment. Performance-based programs are often criticized for forever changing and being unreliable as a result. As a result, companies are advised to start thinking long- rather than short-term to back up their investments.
Goldstein recently recommended a compromise between both the pro- and the anti-EPS argument. He argued that instead, companies should focus on finding ways to hold CEO’s and executives more accountable for their actions rather than completely doing away with pay per performance. Ensure that pay-per-performance measures up to the company’s long-term goals. This will provide a better outlet for both share growth and sustainable long-term growth.
Jeremy Goldstein has been practicing in New York for many years now. He earned his J.D. degree from the New York University School of Law. He started at a larger firm called Wachtell, Lipton, Rosen & Katz before branching out to his own smaller firm. Learn more: https://lawyers.justia.com/lawyer/jeremy-goldstein-1275422
Aside from having a lot of experience working with large companies such as Bank of America and Verizon, he has also worked with many cellular, banking, oil and stockholder companies. He has been listed as a top selection for legal counsel in Chambers USA Guide to America’s Leading Lawyers for Business and Legal 500. He’s a regular contributor to the NYU Journal of Law and Business as a member of their advisory board. He also regularly writes numerous articles for various other journals of Law.