Freeport's Moffett Departs With $83.3 Million Payday Amid Rout

  • Package includes $63.3 million in cash retirement plans
  • In new consulting role, he'll earn $1.5 million in annual fees

James Moffett, in 2004.

Photographer: Nick Didlick/Bloomberg

Life after Freeport-McMoRan Inc. will have its benefits for outgoing chairman James “Jim Bob” Moffett: namely, a payout that could reach $83.3 million plus $1.5 million in annual consulting fees.

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