Word: freeporters
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...know what an F.O.B. is in Washington?" asked James Moffett, CEO of Freeport McMoRan Copper and Gold, the giant mining company based in New Orleans, in a recent newspaper interview. "It's friends of Bill. That's how you get contracts with the U.S. government. And before that, it was friends of Bush. And before that...
Welcome to the one-hand-washes-the-other world of "Jim-Bob" Moffett, a former University of Texas football star, geologist and amateur Elvis-impersonator who built Freeport into a mining behemoth with annual revenues of almost $2 billion. Moffett himself is an F.O.S., or friend of Suharto, the ousted dictator of Indonesia, a country that is now a fuse in search of a match. An often violent election campaign leads up to voting on June 7 that could bring to power reformers long critical of Freeport...
...largest New England state, Maine, boasts both a beautiful, lighthouse-studded coastline and majestic inland mountain peaks. The AT terminates at Mt. Katahdin, and shoreline ports at Kennebunk and Bar Harbor draw thousands of visitors annually. Tourists also flock to Freeport to shop at L.L. Bean...
Rags-to-riches stories don't come any better than Robert Johnson's. The ninth of 10 children, he grew up poor in Freeport, Ill., earned a place at Princeton and worked as a cable-industry lobbyist. He founded BET in 1980 with $15,000 in borrowed money, convinced he could mine gold from ore that others had found less rich. Marketers have known forever that black consumers have a ton of money at their disposal--$425 billion annually--and are quality conscious and extremely brand loyal. Johnson not only created a brand, BET (Black Entertainment Television...
...over $200 last year after the company reported it was sitting on one of the biggest gold fields ever discovered. Rumors first began to swirl on March 17 of this year, when a senior company geologist fell from a helicopter under suspicious circumstances. That same week, New Orleans-based Freeport-McMoRan Copper & Gold reported what was confirmed Sunday: that there was no gold in them thar hills. Share prices plummeted more than 80 percent following that announcement. When the outside gold was added, and by whom, is not yet clear. Bre-X, which itself hired Strathcona, has promised to launch...