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In an investigative report that aired last night on NBC affiliate KSDK Channel 5, reporter Leisa Zigman tried to stoke the fires of anger and discontent that have been brewing in St. Louis ever since the 2008 purchase of Anheuser-Busch by Belgium brewer InBev. She went so far as to compare the actions of executives at Anheuser-Busch InBev to those of their corporate counterparts at AIG. It’s amazing what a local television news team will do for ratings.
What exactly did the AB InBev execs do?
In a report she said was based on a month-long investigation, Zigman raised questions about the behavior of the brewing company executives — including four vice presidents and five department leaders — responsible for eliminating thousands of U.S. jobs, slashing salaries and freezing pensions. They were “caught” partying at the company’s Lake of the Ozarks luxury retreat in southwest Missouri one day before 20 people in the company’s human resources department lost their jobs.
Zigman’s report included interviews with anonymous AB InBev employees and cited documents obtained as incriminating evidence of AB InBev executives behaving in a manner reminiscent of their counterparts at bailout recipient AIG months ago. Notably, Zigman cited sources who said the retreat cost the company a whopping $100 per person — a figure that doesn’t even register on most corporate ledgers.
3 responses so far ↓
1 Clay // May 20, 2009 at 5:35 pm
This is shameful. It shouldn’t be a surprise to anyone in St. Louis that some jobs were going to be cut. That’s part of any corporate merger. You elminate jobs that are duplicate jobs and are no longer needed. It’s been less than a year since the In-Bev acquisition, which still doesn’t sit well with me being a native of St. Louis. Most of the job cuts happen in that first year as adjustments are made. I have been through a few mergers, and they are never looked forward to. I have always been treated with respect with a severence package, and I would think In-Bev would have some package for longtime employees. This is simply class envy that’s further promoting the sick thought of the collective in this country.
AB has done so much for St. Louis. I would hate to see what St. Louis would look like with AB. I have a feeling there lumber industry would be far busier if it wasn’t for AB. If I were the media in St. Louis, I wouldn’t upset the powers that be with a campaign against AB. You never know when the surgeon Carlos Brite may realize the old historic brewery isn’t efficient, and as cost cutter he may decide it’s not worth the hassle of the bad press received from the local media.
2 ex employee // May 26, 2009 at 7:22 am
DOn’t think that for minute Augie Busch still doesn’t have a hand in all of this. He and Carl;os have been in bed togehter for a long time.
3 another ex // May 26, 2009 at 7:32 pm
What about the Employees at their other Brewery in Newark,NJ? Many salaried emp’s that have had more than 20 years of service and over 40 years old have been let go while youngsters that have barely reached puberty and are with the Comp.for less than 5 years have been retained. Those that were let go forgot more of theses jobs than these youngsters know. What about the fact that Brito’s US Headquarters were located at One Busch Blvd. Before any of this “merger” came up.
You all should read an unauthorized Biography about the Busch Empire and it’ll open up all your eyes. How much of a Donation do you think that A-B made to Obama & Buschs’ Campaign fund? In my Opinion little Augie wasn’t man enough to carry the Corp. & Big Augie saw through it. Big Augie wanted to do what Carlos is doing now but not look like the A-Hole in the process. He wants to be the nice All-American Co. Owner, Yeah Right. Come to Newark and ask the Brewers how they feel. It’s funny how they are all back slapping and sucking cheeks. They have been doing it for a long time when an employee gets terminated. These Manager types that work for AB are like the dog statue in the back of a car with the bobble head going up & down. They’re all the same type of personality, gutless & suck asses.
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