I was about to post an agreement, but then I’m not so sure that was what I should do.
We are pumping trillions of dollars outside our nation. Some of that is offest by foreign dollars coming back via trade. A massive sum does not return.
Instead folks (corporations) outside the U.S. hold dollars and have to do something with them. Investing back in the United States is one way of doing that.
Is this an instance of that? It may be. Some of this organization’s products are sold in the U.S. Undoubtedly some of the funding that makes this purchase possible, is supplied by U.S. consumers.
Some folks look at foreign purchases of our corporations as a good thing. I think a case can be made for that. I also find it somewhat distrubing to watch some of our top corporations held by foreign concerns.
Does it matter if the name Budweiser disappears? Perhaps not. If the jobs are lost, and I do think that will happen over time, it may matter. I notice the loss in other sectors don’t seem very important to folks these days though.
Some years back, U.S. corporations set up businesses over the border in Mexico. For a few years, it was a real boon down there. And then the U.S. corporations discovered China. They acted in their best interests. Adios.
What happens when foreign corporations decide to act in their best interest? What happens when they close down our plants? While I can’t see that happening in the short term, I’m not at all convinved a time won’t come when it will be advantagous to do that.
What then? Is foreign owned healthy? I remain unconvinced.
“What then? Is foreign owned healthy? I remain unconvinced.”
Me, too. What happened to the concept of moderation? It’s just out of hand. There’s too much foreign owned too fast. I started being concerned about it 25 years ago when foreigners were buying up all the farmland in Central California. And the illegal aliens started coming. I do believe foreign owners are more inclined to hire aliens. My sister was their accountant. One day we’ll turn around and find most of our assets in foreign hands. And that can’t be good. What bothers me most is we won’t even know when that day is, if it hasn’t already happened.
Does it matter if the name Budweiser disappears?
Why would it disappear? By what reasoning would InBev find it in their interest to change the name of Budweiser to something else?
If the jobs are lost, and I do think that will happen over time, it may matter
Will some jobs be lost? Maybe. Is AB currently employing more people than neccessary to produce its various products? Could be. And if so, then some job cutting would be a good thing for the bottom line. Unless a consumer backlash against the new foreign owners cutting jobs results in a loss of sales greater than the savings.
And would InBev actually shut down AB operations in the US and move all production overseas? I don't see that as being a viable option at any time in the near or distant future.
Who says they’re holding US dollars? Once you stick money in the bank the original symbols become unimportant. You can put Canadian dollars in a US bank and they’ll run the exchange and you’ll have US dollars in your account, and the reverse holds.
As for costing jobs why would this one do that? You don’t really think they’re going to want to ship the entire annual consumption of Budweiser across the Pacific do you? If that were a great plan AB would already be doing it, they have more breweries in China than the US now. Sure some of the administrative stuff will probably evaporate but that’s just standard when 2 companies become 1, the new merged company doesn’t usually need as many managers as the individual companies did. And the name Budweiser isn’t going to disappear, that name has greater recognition in the US and even foreign markets than probably any other brand in history except maybe Coke.
The reality is this is just another corporate take over. They happen all the time. The only thing that makes this one any different is that it involves one of our perceived “flag ship” companies that usually takes over other companies rather than being bought by them.