Anheuser-Busch InBev Executive Pay Nearly Doubles

August 23, 2009 by Latest, News

Many St. Louisans are left shaking their heads over new numbers from Anheuser Busch InBev. A Belgian business magazine reports executive pay for the 13 member board has almost doubled in the past year. The increase doesn't sit will with St. Louisans still angry over layoffs at the brewery.

Political activist Ed Martin says the InBev conglomerate that took over Anheuser Busch already had a reputation in Europe, Asia, and Latin America. “No one should be surprised, because back last year, year and a half ago, what we were saying is if you go forward with this, you're going to have a slash-and-burn company. It's going to cut, cut, cut to the bone.”

InBev slashed expenses, laid-off a thousand workers, and decreed it would now take ninety days to pay any bills.

Martin, who founded the “Save A-B” Campaign, says he's not surprised that all of the cost-cutting increased the company's profit by 28-percent.

The cuts and layoffs that caused the profit increase also raised payouts for the 13 members of the A-B InBev board.

From Fox2Now

Leave a Reply

1 Comment on "Anheuser-Busch InBev Executive Pay Nearly Doubles"

avatar
800
Sort by:   newest | oldest | most voted

From Brian’s Belly

  • The Mamba Bar Tool
    A few years back, I was enamored by the Snake Bite, an ultra-sleek bottle opener that doubles as my keyring. But I never ...
    Published on December 4, 2016
  • Build a Steel Sixtel Keg Cooler from an Old Water Tank
    Need to chill sixtel or corny kegs for an upcoming party this summer? Sometimes you don't want your kegged beer to tie you ...
    Published on June 29, 2016
  • The Drinking Jacket 2.0
    Do you enjoy drinking a frosty one outdoors but hate that freezing fingertips feeling? The Drinking Jacket 2.0 is a feature-packed hoodie and ...
    Published on November 18, 2015
  • Archer Glengoolie Glasses, for Your Mid-Range Scotch
    We all know that Glenlivet and Glenfiddich can't hold up to the peaty tang of Glengoolie Scotch Whisky. Certainly Sterling Archer knows. Now ...
    Published on November 13, 2015
  • Perfect Drink App-Controlled Smart Bartending System
    The Perfect Drink scale and app is a modern bartender's buddy. It will help you consistently create cocktails that are well-measured and well-received, ...
    Published on November 11, 2015

Archives