Freeport-McMoRan Management
Management criteria checks 3/4
Freeport-McMoRan's CEO is Richard Adkerson, appointed in Dec 2003, has a tenure of 20.33 years. total yearly compensation is $20.52M, comprised of 8.8% salary and 91.2% bonuses, including company stock and options. directly owns 0.33% of the company’s shares, worth $229.98M. The average tenure of the management team and the board of directors is 3.6 years and 6.4 years respectively.
Key information
Richard Adkerson
Chief executive officer
US$20.5m
Total compensation
| CEO salary percentage | 8.8% |
| CEO tenure | 20.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.6yrs |
| Board average tenure | 6.4yrs |
Recent management updates
Recent updates
Freeport-McMoRan Is Overpriced
Apr 07Freeport-McMoRan: A Large High-Margin Copper-Focused Miner
Apr 01Freeport-McMoRan's Electrification Story Boosted By Mine Closure & Future's Rally
Mar 19Freeport-McMoRan (NYSE:FCX) Has More To Do To Multiply In Value Going Forward
Mar 15
Freeport-McMoRan Inc.'s (NYSE:FCX) Earnings Haven't Escaped The Attention Of Investors
Feb 29Freeport-McMoRan: Where Copper Meets Opportunity
Feb 15Estimating The Fair Value Of Freeport-McMoRan Inc. (NYSE:FCX)
Jan 30We Think Freeport-McMoRan (NYSE:FCX) Is Taking Some Risk With Its Debt
Jan 15Freeport-McMoRan: Brace For More Pain On The Leading Copper Miner (Downgrade)
Jan 14Copper's Golden Ticket: Unveiling Freeport-McMoRan's Bull Case
Jan 05Freeport-McMoRan (NYSE:FCX) Has Announced A Dividend Of $0.15
Dec 29Time For Copper To Shine: The Case For Southern Copper And Freeport-McMoRan
Dec 13Freeport-McMoRan: Copper's Rally Helps, But Shares Near Fair Value
Dec 04Freeport-McMoRan (NYSE:FCX) Will Want To Turn Around Its Return Trends
Nov 17Freeport-McMoRan's Strong Assets Aren't Sufficient With Today's Prices
Nov 02Freeport-McMoRan - 2023: A Bit Of A Lost Year
Oct 22These 4 Measures Indicate That Freeport-McMoRan (NYSE:FCX) Is Using Debt Extensively
Oct 10Freeport-McMoRan Stock: Buckle Up For The Copper Surge
Oct 02Freeport-McMoRan (NYSE:FCX) Will Pay A Dividend Of $0.15
Sep 23Freeport-McMoRan: Irrational Beatdown Is Not Justified
Sep 01Estimating The Intrinsic Value Of Freeport-McMoRan Inc. (NYSE:FCX)
Sep 01Freeport-McMoRan: Still A 'Hold'
Aug 17Freeport-McMoRan (NYSE:FCX) Might Be Having Difficulty Using Its Capital Effectively
Aug 14Freeport-McMoRan: Riding The Copper Boom, A Top Pick
Aug 01Freeport-McMoRan: Keeping My Bullish Call Before Earnings
Jul 18Freeport-McMoRan's (NYSE:FCX) Dividend Will Be $0.15
Jun 29Freeport-McMoRan: Declining Free Cash Flow Spells Trouble
Jun 23Here's Why Freeport-McMoRan (NYSE:FCX) Has A Meaningful Debt Burden
Jun 02Freeport-McMoRan Will Make Up A Sizable Part Of Future Energy Markets
May 23Calculating The Intrinsic Value Of Freeport-McMoRan Inc. (NYSE:FCX)
May 14Freeport-McMoRan (NYSE:FCX) Shareholders Will Want The ROCE Trajectory To Continue
Jan 30Freeport-McMoRan Non-GAAP EPS of $0.52 beats by $0.08, revenue of $5.76B beats by $340M
Jan 25Freeport-McMoRan: Bears Were Fooled
Jan 16Does Freeport-McMoRan (NYSE:FCX) Have A Healthy Balance Sheet?
Jan 03Freeport-McMoRan: Higher Copper Price Path
Dec 19Freeport-McMoRan's Long-Term Thesis Remains Intact
Nov 14Copper, iron ore rally on ramped up hopes for China COVID reopening
Nov 04Freeport-McMoRan: A Small Bounce, But How Long Will It Last?
Oct 27Freeport-McMoRan For A New Energy Market
Oct 17Freeport-McMoRan (NYSE:FCX) Knows How To Allocate Capital Effectively
Oct 10Freeport-McMoRan: Dr. Copper Has Further To Fall
Oct 03Freeport-McMoRan Inc. (NYSE:FCX) Shares Could Be 34% Below Their Intrinsic Value Estimate
Sep 26Freeport-McMoRan: Searching For The Copper Top
Sep 19Here's Why Freeport-McMoRan (NYSE:FCX) Can Manage Its Debt Responsibly
Sep 01Freeport-McMoRan: China Will Roar Back
Aug 31Freeport-McMoRan And Copper: Already In The Recession Phase
Aug 11Freeport-McMoRan: Don't Fear, July's Bottom Is Robust (Technical Analysis)
Jul 31Freeport-McMoRan Non-GAAP EPS of $0.58 misses by $0.08, revenue of $5.42B misses by $720M
Jul 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | n/a | n/a | US$2b |
| Sep 30 2023 | n/a | n/a | US$2b |
| Jun 30 2023 | n/a | n/a | US$2b |
| Mar 31 2023 | n/a | n/a | US$3b |
| Dec 31 2022 | US$21m | US$2m | US$3b |
| Sep 30 2022 | n/a | n/a | US$4b |
| Jun 30 2022 | n/a | n/a | US$5b |
| Mar 31 2022 | n/a | n/a | US$5b |
| Dec 31 2021 | US$19m | US$2m | US$4b |
| Sep 30 2021 | n/a | n/a | US$4b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$17m | US$613k | US$596m |
| Sep 30 2020 | n/a | n/a | -US$104m |
| Jun 30 2020 | n/a | n/a | -US$641m |
| Mar 31 2020 | n/a | n/a | -US$766m |
| Dec 31 2019 | US$16m | US$2m | -US$245m |
| Sep 30 2019 | n/a | n/a | US$229m |
| Jun 30 2019 | n/a | n/a | US$996m |
| Mar 31 2019 | n/a | n/a | US$2b |
| Dec 31 2018 | US$16m | US$2m | US$3b |
| Sep 30 2018 | n/a | n/a | US$3b |
| Jun 30 2018 | n/a | n/a | US$3b |
| Mar 31 2018 | n/a | n/a | US$2b |
| Dec 31 2017 | US$18m | US$2m | US$2b |
Compensation vs Market: Richard's total compensation ($USD20.52M) is above average for companies of similar size in the US market ($USD13.51M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
CEO
Richard Adkerson (76 yo)
20.3yrs
Tenure
US$20,521,929
Compensation
Mr. Richard Carl Adkerson is President Commissioner of PT Freeport Indonesia. Mr. Adkerson serves as the Chairman of Freeport-McMoRan Inc. since February 2021 and also serves as its Chief Executive Officer...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 20.3yrs | US$20.52m | 0.33% $ 230.0m | |
| President & Director | 3.2yrs | US$10.12m | 0.13% $ 91.6m | |
| CFO & Senior VP | 2.1yrs | US$5.27m | 0.0018% $ 1.3m | |
| Senior VP & Chief Administrative Officer | 5.3yrs | US$2.83m | 0.0069% $ 4.7m | |
| Senior VP & General Counsel | 4.5yrs | US$2.55m | 0.0088% $ 6.1m | |
| VP & Chief Accounting Officer | 1.8yrs | no data | 0.00088% $ 605.8k | |
| VP, Chief Information Officer & Chief Innovation Officer | no data | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| VP & Chief Human Resources Officer | no data | no data | no data | |
| Senior Vice President of International Relations & Federal Government Affairs | no data | no data | no data | |
| President & COO of Americas | 3.6yrs | no data | no data | |
| VP & Chief Sustainability Officer | no data | no data | no data |
3.6yrs
Average Tenure
58.5yo
Average Age
Experienced Management: FCX's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 17.5yrs | US$20.52m | 0.33% $ 230.0m | |
| President & Director | 1.2yrs | US$10.12m | 0.13% $ 91.6m | |
| Lead Independent Director | 17.3yrs | US$371.35k | 0.0043% $ 3.0m | |
| Chairman Emeritus & Consultant | 8.3yrs | US$24.82m | no data | |
| Member of Advisory Board | no data | US$779.79k | no data | |
| Member of Advisory Board | no data | US$555.93k | no data | |
| Independent Director | 10.3yrs | US$323.38k | 0.0077% $ 5.3m | |
| Independent Director | 3yrs | US$316.62k | 0.00063% $ 433.7k | |
| Independent Director | 2.7yrs | US$303.38k | 0.00026% $ 179.0k | |
| Independent Director | 3yrs | US$303.38k | 0.00063% $ 433.7k | |
| Independent Director | 4.5yrs | US$328.38k | 0.0064% $ 4.4m | |
| Independent Director | 11.3yrs | US$323.38k | 0.0068% $ 4.7m |
6.4yrs
Average Tenure
68yo
Average Age
Experienced Board: FCX's board of directors are considered experienced (6.4 years average tenure).