Why CEOs Need To Do More To Earn Their Keep

Why CEOs Need To Do More To Earn Their Millions
FILE - In this June 13, 2012 file photo, JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies on Capitol Hill in Washington, before the Senate Banking Committee about how his company recently lost more than $2 billion on risky trades. Throughout 2012, banks faced scrutiny as drama ensued. JPMorgan Chase lost $6 billion in a complex series of trades. (AP Photo/J. Scott Applewhite, File)
FILE - In this June 13, 2012 file photo, JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies on Capitol Hill in Washington, before the Senate Banking Committee about how his company recently lost more than $2 billion on risky trades. Throughout 2012, banks faced scrutiny as drama ensued. JPMorgan Chase lost $6 billion in a complex series of trades. (AP Photo/J. Scott Applewhite, File)

One recent Thursday, G. Steven Farris, the chairman and C.E.O. of the poorly performing oil-and-gas company Apache, stood before a few hundred shareholders who were about to vote on his salary. Farris, who was hoping to earn well over $10 million for this year, listed a number of his accomplishments.

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