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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (47287)5/18/2012 12:04:23 AM
From: Jurgis Bekepuris1 Recommendation   of 78667
 
OT - Say-on-pay

I did not know FCX failed to get say-on-pay vote majority in 2011 (for 2010 compensation). It did. Now they are imploring shareholders to support their new revised compensation scheme for 2012 (2011 compensation). So, first - bravo shareholders!

On the negative side, FCX top brass is still vastly overpaid. COB and CEO compensation dropped (haha) from 36M+39M for 2010 to 30M+30M for 2011. So 15M saved, but I won't vote for the new compensation either.

Good to hear that these things happen.

Vote early, vote often.
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