Saez said, "Frank, let me congratulate you. This is absolutely breathtaking. We never thought of this. It's brilliant. Two things come to my mind. Because of the bold move you have taken, I think you should have a tax rate lower than the others. And $100 million is just like a $100 suit; a $99 suit is much cheaper. I'll lower the tax rate so that we'll put the price of this down to $80 million, and you'll pick it up in the first two years of operation in your profits with the lower tax. Is that all right?" Frank said, "Fine." Raul said, "We're not set up to operate the property. Would you have a problem if we let Bob run it?" Frank said, "What do you want?" Raul said, "I'll tell you what. I have full confidence in Bob. Why don't you let Bob and me work out a management contract?" Frank said, "Anything you guys work out is fine by me. It's approved ahead of time." Lagarrigue was staying in the background, and Frank said, "Javier, do you have something to say?" Javier asked, "Who's going to sell the copper?" This was a great thing who sold the copper. That politically was the thing. Frank said, "The board of directors is going to call the shots, and you have the majority." Javier asked, "You'll be responsible for sales?" Frank said, "The board will; it's not 'we'; it's 'you.' You are going to be a shareholder on this thing."
Index to Haldeman Interview