Pages

12 November 2009

Egan, Budweiser and America

From the Tim Egan's Outpost Blog on the Times' website:

ST. LOUIS – So long as Budweiser, the King of Beers, was enthroned in this pleasant and nobly resilient middle American city, the blows of corporate condescension from the other giants who abandoned the Gateway Arch could be endured.

But then, last year, came a kidney punch that still hurts: Anheuser-Busch, which had survived Prohibition and the micro-brew craze, was sold to a Belgian brewer. Bud was now Euro-beer. Next they’ll tell us Huck Finn had a taste for éclairs as he floated down the Mississippi.

Board members, those solid citizens of St. Louis, made a pile in the merger that created the world’s largest brewer. But everyone else lost, including more than a 1,000 longtime employees given pink slips.


I heard the Bud buyout mentioned in the same soured breaths that exhaled expletives regarding the upcoming bonuses that will be passed around this holiday season by Wall Street firms saved by taxpayers — $30 billion in bonuses to the top three investment banks.
Read the rest here.

1 comment:

Anonymous said...

I never understood why people made such a big deal about the sale to a foreign company. Bud has been and is terrible. Maybe now they'd actually get a clue.

Chris J