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Freeport CEO cancels employment contract, gets 1 million shares

Ana Komnenic | December 23, 2013 | 8:13 pm Base Metals Africa Asia Europe Copper 

Richard Adkerson, CEO of Freeport-McMoRan (NYSE:FCX), has decided to give up his salary, bonus and other perks of an employment contract in exchange for about $36 million worth of shares in the company he runs. Based on the agreement between...

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