Richard C. Adkerson has been the CEO of Freeport-McMoRan since 2003. He's known for a performance-based approach to compensation, meaning his earnings are closely tied to the company's success. In 2023, he made over $24 million, which included a strong...
Richard C. Adkerson has been the CEO of Freeport-McMoRan since 2003. He's known for a performance-based approach to compensation, meaning his earnings are closely tied to the company's success. In 2023, he made over $24 million, which included a strong salary and a big chunk of vested stock, showing he believes in Freeport-McMoRan's future. Instead of taking cash bonuses in years when the company didn't hit its targets, he opted out, which aligns his interests with the shareholders'. Adkerson owns more than three million shares of Freeport's stock, making him highly invested in the company's long-term growth. His journey in the mining sector is solid: starting from financial roles to taking the helm as CEO, he's guided the company through many ups and downs. He has advanced degrees in accounting and brings a sharp analytical mind to his leadership. His background as a partner at Arthur Andersen adds to his experience, making him a key player in the mining industry.