A CEO's job is...
A) Run the company in the most successful way that returns the greatest value over the long run.
B) Run the company in the way that most benefits society and the employees.
C) Create the greatest short term growth in stock prices so the current investors, who control their hiring, can sell and realize a profit.
Given it's the involved, activist shareholders that determine most CEO's hiring and firing - and they're looking for a dramatic change in company value over the short term...
Any CEO who chases A or B is an idiot who's going to ultimately get replaced by shareholders who want a sudden bump in value and then to get the hell out. They don't give a damn about whether the company will be worth more money in ten years because they intend to have sold, bought again when value tanks, sold after a short term solve, bought again when the value tanks... and repeated many times.
How a company does over ten years as a metric of CEO efficiency is just a demonstration of completely missing what CEOs are rewarded for.
The CEO who created a massive short term growth, then left and left the company to tank for a while, is worth that large bill to the shareholders who are trying to get just that.
Also, we don't get ponies just because we really, really want one and it's only fair!