Word: mcmoran
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Dates: during 1990-1999
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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...
...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 an investigation...
Human-rights activists, environmentalists and corporate watch-dogs have taken aim at one of the companies in which Harvard invests part of its $9 billion endowment, Freeport-McMoRan Inc., which has been accused of massive pollution and human-rights violations...
...Louisiana started to settle in, especially among New Orleans' professional class. Experts predicted that dozens of conventions worth nearly $100 million would be canceled. University of New Orleans economist Timothy Ryan put the losses at about $1.8 billion and 45,000 jobs. "Louisiana," warned James Moffett, chairman of Freeport- McMoRan, the state's second largest public company, "wouldn't just be redlined by businesses around the nation and the world, we'd be X-rated...