Freeport chief exec to receive $36M in stock

Dec 24, 2013 | 12:54 PM | Shivani Singh

Tags  Richard Adkerson, Freeport-McMoRan Copper & Gold, employment termination agreement, copper miner, Lydia Kennard, Frances Fragos Townsend, Shivani Singh

SINGAPORE — Freeport-McMoRan Copper & Gold Inc. chief executive officer Richard C. Adkerson gave up his right for severance pay as he canceled his employment agreement and received a retention award of shares valued at $36 million.

He will continue in his current role as president, chief executive and vice chairman, the Phoenix-based miner said Dec. 23.....

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