Freeport McMoRan Loss

I am surprised that nobody yet has started a thread on Freeport McMoRan Copper & Gold acquiring an Arizona company and then moving its headquarters to Phoenix, the site of the the company being acquired.

It isn't supposed to work this way. A reason for the explosive growth of Charlotte is the expansion of its banking sector because of the acquisitions by Charlotte banks.

What's the story with Freeport McMoRan? I know that the company's other operations are staying in town and that for now the headquarters move will result in few jobs. For now. But it's the loss of Fortune 500 company.