The Arizona Republic

WHERE ARE THEY NOW? PAY LEADERS FROM 2011

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» Richard Adkerson. The chief executive officer of FreeportMc­MoRan Copper & Gold Inc. has topped the statewide pay scale for two straight years. But Adkerson’s 2012 compensati­on of $19.8 million is far less than the $82 million he earned in 2011. Freeport-McMoran’s financial performanc­e has dimmed a bit as commodity prices cooled. » James Moffett. FreeportMc­MoRan’s chairman was the state’s highest-paid executive in 2010, when he earned $47.5 million. That dipped to $32.2 million in 2011, when he finished second. Moffett’s compensati­on was down again last year, to $17.5 million. The company’s stock price also has retreated, making option exercises less valuable. Freeport-McMoRan reports another measure, “total direct compensati­on,” that came to $17.3 million in 2012 for both Moffett and Adkerson. » Jonah Shacknai. The CEO of Medicis Pharmaceut­ical Corp. was perenniall­y among the statewide pay leaders, finishing third in 2011 with compensati­on of $25.3 million and ninth in 2010 with $6.4 million. But since Medicis Pharmaceut­ical was bought last year by Valeant Pharmaceut­icals and no longer is an independen­t company, Shacknai has dropped off our list. » James O’Connor. He retired as chairman and CEO of trashhaule­r Republic Services Inc. in 2011 and thus no longer shows up among the state’s pay leaders. O’Connor earned $22.4 million in 2011 and $8.7 million in 2010, finishing fourth and fifth in those years. » Donald Slager. The new Republic Services CEO finished 17th last year with compensati­on of $4.7 million. That was down from the $14.8 million Slager logged in 2011 because he realized less value from stock awards.

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