With Stock At 15-Year Low, Freeport Co-Founder Walks Away With $80 Million Golden Parachute
“He is the last of the old-time wildcatters,” Mike Madden, managing partner of private-equity firm BlackEagle Partners LLC says of departing Freeport-McMoRan executive chairman James R. Moffett, who is stepping down after falling commodity prices helped push the company’s shares to their lowest levels of the 21st century.