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Tuesday, 12 May 2009

Massive bonuses for AB InBev executives

AB InBev, makers of Bass, Bodddingtons, Stella, Becks, Budweiser, Tennents, and Castlemaine XXXX, among many others, are planning to award top executives excessive bonuses, such as 70 million euros (£65.5 million) to CEO Carlos Brito. Rather makes our expenses-grubbing politicians look like lightweights, doesn't it? At the same time, cost-cutting and staff reductions are the order of the day further down the ladder ~ naturally. Understandably, workers are up in arms about this, and so should drinkers be, although I can't see swillers of bottled Budweiser rice beer combining to form an InBev consumer action group.

If nothing else, this shows that it's not just tax and greedy PubCos pushing up prices. Thank goodness AB InBev don't make much that's worth drinking.

2 comments:

  1. The economics of beer is a strange animal, conforming to no known logic!

    ReplyDelete
  2. Do you know? I think you're absolutely right!

    ReplyDelete

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