06/02/2013 11:44 am ET Updated Aug 02, 2013

Why CEOs Need To Do More To Earn Their Keep

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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