Archive: April 2018

OSI Industries is on the Forefront of the Food Supply Industry

OSI Industries, an Illinois, Chicago based food Product Company added yet another segment to their company when they acquired Dutch company Baho Food. Baho manufactures snacks. Deli meats and convenience foods for the retail and food service industry. With the addition of Baho Foods to the portfolio of products, widens OSI’s capabilities. The acquisition also strengthens the company’s food processing abilities in order to better serve clients.

Baho is made up of five subsidiaries that have processing plants in the Netherlands and Germany and serve customers in 18 countries. The management team at Baho will stayed intact even after the acquisition. The two groups worked diligently worked on a growth strategy for the two companies. The excitement at Baho to become part of the OSI family has helped propel both companies greater success. Baho recognized that OSI has developed tremendous relationships with both suppliers and its customers that are long term.

OSI Industries recognizes that its employees are their best product. The company is entrepreneurial in nature and is always on the lookout for team members that share the philosophy that each person can make a difference. OSI is always on the lookout to attract the best and the brightest the world has to offer and support each person with the necessary encouragement to allow them to develop and grow to fullest potential. OSI is an equal opportunity employer and will offer each employee a very bright future.

OSI is a world renowned leader in supplying foodservice vendors and retail outlets and customers such as Subway, Burger King, Papa John’s, Starbucks, Yum and McDonald’s. The company, which is a privately held entity, operates in more than 16 countries with over 50 facilities. The company works globally, but employs local solutions to take advantage of the talent pool and understanding of the local culture. OSI is always looking to expand with new and improved facilities that allow them to expand their offerings and geographic coverage.

OSI is not only about production capacity, but product development. The company works with each customer to develop the products and services the client needs to grow and better serve their customers. As customers become more demanding, the partnership process with its customers is even more important. The company also works with equipment manufacturers to develop better and safer ways to process food thereby enhancing food safety. The company also works with its agricultural suppliers to monitor how products are grown.

About OSI Industries: www.linkedin.com/company/osi-industries

Jeremy Goldstein: Business Law Genius

Jeremy Goldstein is New York corporations’ go-to guy for all their compensation and governance needs. Mostly, they go to him when they need advice about employee benefits. His law firm, Jeremy L. Goldstein and Associates LLC, advises a number of big-name corporations and individual clients.

Jeremy Goldstein has played major roles in dozens of high-profile transactions. Some of those transactions involved corporations like Verizon, Chevron, AT&T, and Bank One. He’s so well versed in business law, he’s often asked to speak at conventions and conferences on matters of executive compensation and corporate governance. He’s also written countless papers on those issues.

Lately, he’s been advising numerous corporations on the type of employee benefits they should offer. Historically, corporations always provided stock options to their employees. Lately, a lot of corporations have stopped providing stock options in favor of more preferable benefits. While every company has its own reasons for stopping, most share one of the three same reasons.

The obvious reasons concern stock value. Stocks go up and down all the time, but companies don’t feel the current marketplace is the best place for their employees’ benefits. If something goes wrong, employees lose their ability to exercise that option.

Because of that reason, employees don’t want stock options. They’d rather have real cash or something else that doesn’t depend on the ever-fluctuating markets. A lot of successful corporations hit a rough patch before, and people saw hundreds of workers lose everything because their benefits were all tied up in stock options.

Lastly, a lot of corporations have noticed the accounting burdens they come with stock options. When everything’s said and done, it might cost more to offer stock options. Stock options come with mountain amounts of paperwork and filing hours. Things just seem much easier and faster if they eliminate stock options and replace it with something else.

While more corporations look for options, Jeremy Goldstein advises they take another look at stock options. Stock options seem confusing and difficult, but corporations aren’t taking the whole picture into consideration.

As the IRS tries to crack down on corruption and restore people’s faith in the markets, there are new and stricter rules coming out about equities and other features. These days, it might be easier to offer stock options than other forms of corporate benefits. Learn more: http://files.ali-aba.org/pdf/Goldstein%20new%20BIO.pdf