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This profile was last updated on 9/22/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. James R. Moffett Jr.

Wrong James R. Moffett Jr.?


Local Address: Toronto, Ontario, Canada
119 Total References
Web References
Duke Energy Corp. - BoardRoom IQ, 22 Sept 2014 [cached]
James R. Moffett
Pan America Capital Group Inc. - News of Interest - Freeport looks beyond Indonesia, sticks to copper - Tue Jan 7, 2014, 7 Jan 2014 [cached]
Diversifying away from Indonesia, where Freeport is one of the nation's largest taxpayers, starts a new chapter for the company co-founded by Chairman James Moffett (the "Mo" in McMoRan.)
In 1969, he and two associates founded McMoRan Oil & Gas Co., which in 1981 merged with Freeport Minerals Company.
Reveal Insider Trading for Freeport-McMoRan Copper & Gold, JPMorgan Chase, Juniper, Cliffs Natural Resources, Groupon, and Apple [cached]
Few days ahead, the company Chairman of the Board, James R. Moffett, purchased his shares at price of US$28.37 - US$28.57 for about US$28.53 million on July 29 and July 30.
The mining company cut salaries of ..., 7 Mar 2014 [cached]
The mining company cut salaries of Executive Chairman James Moffett and Vice Chairman James Flores by 50%, according to a regulatory filing submitted earlier this week.
Does anyone really believe that Jim ..., 18 Aug 2013 [cached]
Does anyone really believe that Jim Moffett the chairman of both companies didn't have a hand in this? His fingerprints are all over the murder weapon. Let's look at some facts.
Insider Ownership
As you can see in the two slides below, according to recent filings James Moffett owned 3,081,000 shares of FCX prior to the deal. He owned 4,968,000 shares of MMR.
As a result MMR fell 32% or $3.99 wiping out a little over $19.8 million of Chairman's Jim Moffett's stake in the company.
We already know that James Moffett lost about $19.8 Million when the MMR Davy Jones well failed to deliver. After the FCX buy out of MMR and PXP was announced, MMR, which closed at 8.46 on December 4th, gapped up $7.36 closing at 15.82. That's a cool $36.6 million gain for Mr. Moffett.
Now the news isn't all good. Freeport (FCX) shares were pummeled on the announcement falling 19% or $6.12. Of the $5.8 Billion lost by all Freeport shareholders Jim's 3 million share stake lost about $18.9 Million.
However, when you net the two together, Mr. Moffett's net gain on the day is $17.7 Million.
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