‘Closer’ by the Chainsmokers Becomes Diamond-Certified

Posted on December 03, 2018

Two years after its official release, ‘Closer’ managed over 10 million unit shipments. This feat has made the Chainsmokers/Halsey-made single to bag a diamond certification. The news first appeared on the Instagram pages of both Halsey and the Chainsmokers after they posted photos of the plaques. By having a highly-coveted diamond single, the Chainsmokers have proved to be successful in their work.

The Recording Industry Association of America (RIAA) had certified the song multi-platinum (seven times platinum) in March 2017. Now the radio banger has hit ten times platinum (diamond), although the RIAA are yet to update their website with this information. When Halsey and the Chainsmokers released their song, it quickly bolted to Hot 100’s top song (2016).

The dance-pop would remain in that position longer than anybody expected. In other consecutive frames, ‘Closer’ ruled the all-genre singles and became one of US history’s fourth longest-running #1 hits. It tied in that position with other blockbuster releases.

The US society does not fail to reward any significant work. With that said, ‘Closer’ has bagged a couple of awards. These awards made it earn a nomination to the Grammy’s Best Pop Duo/ Group Performance category. Unfortunately, it has not yet won any Grammy as that particular year it lost to “Stressed Out,” which was a surprise hit by Twenty One Pilots. Still, it is a Chainsmoker’s song that continues to rack up streams, radio plays, and sales.

Other than a Grammy nomination, ‘Closer’ has been the #1 longest-running hit in Billboard’s chart of Hot/ Dance/ Electronic songs up until recently. “The Middle,” a song by Grey, Maren Morris, and Zedd dethroned it a few months ago.

“Closer” is not the first song by the Chainsmokers to become a top-ten hit. The due have a handful of songs that have done quite well. Even so, “Closer” is the tune that has pushed Chainsmokers over the edge, making them true superstars. The American production/ DJ duo consists of Andrew Taggart and Alex Pall. The pair creates songs in genres such as pop, electropop, and electronic dance music. They have won the Grammy’s Best Dance Recording Awards, an American Music Award, iHeartRadio Music Awards, and many Billboard Awards.

https://www.last.fm/music/The+Chainsmokers

Jeremy Goldstein-Company Growth Incentives

Posted on February 12, 2018

Jeremy Goldstein is a New York City Lawyer who has worked with clients like Goldman Sachs, Bank of American and Verizon. His experience has exposed him to a common issue being considered by large public corporations, whether or not to use ‘earnings per share’ (EPS) as an incentive to motivate the workforce. The whole concept behind the EPS incentive is the belief that as the company grows, employees would also get increased pay, so if the price per share grows, the employee pay check grows. Learn more: https://thebrotalk.com/bro-recommendations/jeremy-goldstein-gives-us-nyc-recommendations/

 

Still, Jeremy Goldstein notes there is no absolute correlation between employee input and share price fluctuation. Opponents of EPS favored compensation think the company’s CEO could positively or negatively affect the outcome of EPS. A CEO and other top executives are in a position where they could chose to skew the results of internal metrics, thereby affecting the share price.

 

CEOs may be motivated to pursue long-term goals instead of short-term earnings per share. The long term goals refer to the company’s expansion in new and more prosperous areas, including capital investments in equipment, buildings, etc. CEOs have to guide that kind of growth, making them essential in any type of pay per performance plan. Jeremy Goldstein believes that tying the long-term goals of the company to the short-term is the better way to reward everyone for performance of the company.

 

The other essential element in this equation is the general workforce. These workers may not be managers, but their work is mandatory and should be rewarded through pay as well as extra incentives. The one thing most employers fail to understand is creativity from the employee saves a lot of money and is worth a great deal. What makes an employee want to add their ideas to help any company they receive a pay check from? The answer is, only one of two things, saving their personal energy or earning more pay. If your employees are being rewarded as the company gains value through an increased share price, they will eagerly part with those creative ideas and the company will benefit.

 

Jeremy Goldstein notes that by compromising and using pay per performance incentives like EPS, as well as making sure CEOs and other executives produce long term results, the company is guaranteed long-term sustainable results. A company that bases pay increases on the overall growth (long-term and short-term) will have longevity, strength and a growing share price.