The concept that individuals evaluate their accomplishments by comparing themselves to similar ...

Answer to #1

Answer: social comparison

Answer to #2

Answer: Most executives' employment agreements contain a golden parachute clause. Golden parachutes provide pay and benefits to executives after a termination that results from a change in ownership or corporate takeover, that is, the merger or combining of two separate companies. Golden parachutes extend pay and benefits from 1 to 5 years, depending on the agreement. Boards of directors often include golden parachute clauses for at least three reasons. First, golden parachutes limit executives' risks in the event of these unforeseen events. Second, golden parachutes promote recruitment and retention of talented executives. Third, in the event that a takeover bid would benefit the company, it is possible that a CEO would work against it in order to save his or her job.

Companies benefit from golden parachute payments because they can treat these payments as business expenses. This means that companies can reduce their tax liability by increasing the parachute amount. The total value of golden parachutes came to exceed executives' annual income levels by far. Public outcry led to government-imposed intervention that limited tax benefits to companies.

Platinum parachutes are lucrative awards that compensate departing executives with severance pay, continuation of company benefits, and even stock options. Ideally, CEOs would perform on an exemplary basis, making decisions to drive up company profits. However, CEOs do not always perform their jobs well and companies lose out on profit opportunities. After a period of unsatisfactory performance as determined by shareholders and other company executives, CEOs may be terminated even before the expiration of their employment contracts. Many companies reach agreements with CEOs to terminate employment, awarding a platinum parachute as an incentive. Companies use platinum parachutes to avoid long legal battles or critical reports in the press essentially by paying off a CEO to leave.

Answer to #3

Answer: A

Answer to #4

Answer: A

Answer to #5

Answer: capital gains

Answer to #6

Answer: deferred

Genius!!!!!!