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Freeport-McMoRan Inc. Message Board

  • typea1949 typea1949 Jan 24, 2014 12:24 PM Flag

    Poor executive leadership

    I find it very troubling that the FCX senior management let the company get into this tax mess with Indonesia.
    Jim Bob et al had to know that the Indonesians were going to impose an export tax of minerals. Instead they raised debt to buy oil/gas assets and now don't have the capital to increase smelting capacity in Indonesia. Furthermore, they could have negotiated this a long time ago.

    I believe that they are trying to put a deal together now. If it does not get done, we will be below $30 in short order.

    I also believe that Jim Bob made millions off the oil/gas acquisition.

    It is frustrating to have such poor leadership

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