Posted on 07/20/2023 9:57:09 PM PDT by Morgana
Ron DeSantis wants the state's pension fund to investigate Bud Light-makers AB InBev and possibly explore a lawsuit for putting social activism ahead of shareholders during its partnership with Dylan Mulvaney.
The Florida Governor, a 2024 Republican presidential candidate, sent a letter to the fund's interim director Lamar Taylor, where he said that 'all options are on the table after partnering with the transgender influencer caused Bud Light's parent company, Anheuser-Busch, a $27 billion loss.
'We must prudently manage the funds of Florida's hardworking law enforcement officers, teachers, firefighters, and first responders in a manner that focuses on growing returns, not subsidizing an ideological agenda through woke virtue signaling,' DeSantis wrote.
The governor is a trustee on the pension fund's board that manages retirement funds for public workers. Speaking to Jesse Watters on Fox News Thursday, he added that it could lead to a derivative lawsuit filed on behalf of the shareholders.
DailyMail.com has reached out to spokespersons for AB InBev for comment on the matter.
Bud Light sales continue to plummet in regions across the US - nearly three months after the brand's polarizing partnership with the transgender TikTok star.
Sales in North and South Carolina suffered the greatest dip, falling from 20 percent in 2022 to 12.5 percent in the same period of 2023- a drop of nearly 7 percent, according to the hospitality consumption data platform Union.
New York and New Jersey stumbled 5.1 percentage points combined, followed by Texas with a 2.4 points dip, Oregon and Washington falling 1.8 points and California with a 0.85 point drop.
The embattled beer brand had better luck in Texas, but still saw declining sales across the state. Bud Light sales dropped 2.4 points from 8 percent sales in 2022 to 5.6 percent in 2023.
(Excerpt) Read more at dailymail.co.uk ...
Florida’s pension fund apparently has stock, and that’s what he has to be concerned about.
He is trying to take the success of the people against Bud Lite and make himself like he led the charge on Bud Lite.
He didn’t, and he isn’t needed now.
Yup. He's been a great governor. Governor. He should consider completing the term for which he was elected.
This should win over those suburban liberal women Trump alienates…
It doesn’t need a presidential candidate, but one candidate is still governor of this state and has to deal with what corporations are doing to the State of Florida’s pension fund. It’s in the article.
Trump has boycotted ANB his whole life.😃
You didn’t read the article. The governor is Trustee of the pension fund. This is his job.
What? You mean DeSantis can campaign and govern at the same time? Trump followers have been saying he should have stayed in FL and governed instead of running. Looks like he’s entirely capable of both.
“A true leader would be dealing with issues before they arise...”
So DeSantis was supposed to use his magical powers to know that Bud Lite was going to advertise with a tranny and tank its stock before it happened? You Trump followers sound more ridiculous all the time.
Isn’t this something every guv should do for all their pension investments?
Could be the basis for ending ESG/SDGs if enough did so.
Trump doesn’t have control over any state’s pension investments. This seems like a good thing to do whether or not you want DeSantis as president (which I don’t want).
Opportunist or not, he has much more power to, for example, extend this to anti-ESG positions than we’ve seen to counter the globalists so far.
You should back and not deride this move.
I agree with you. Big mistake to run at this time. As for the stupid comments about posturing. He has a solid track record in Florida.
He has a solid track record in Florida. I hardly think this is as you want to spin it.
You have a Ex 20:16 problem
No, continue to push back against the cultural marxists..
Fair enough providing the state has no material involvement.
The stock analysts are still making noises that it won’t be a big hit on share prices
I’m thinking they are trying to BS the little investors until the big hedge funds unload their positions.
In two weeks Bud has to release their audited second quarter financials to the SEC, and it will be hard to hide the impact.
DeSantis is obligated to bring suit in this case as a fiduciary.
>> Florida’s pension fund apparently has stock, and that’s what he has to be concerned about
InBev & DS aside, this type of rationale would seem to permit any State to antagonize any corporation in which it’s a shareholder. No doubt there’s precedent, but I’d expect the State’s authority to be limited to matters that concern criminality, and not egregious marketing decisions.
It's sad to see so-called "conservative" FReepers abandon every conservative position they've ever held only in order to oppose DeSantis, who actually advances conservatism and wins conservative battles, because he's running against Trump, an old-fashioned New York liberal.
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