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.
That’s a good one BK.
I don’t look for immediate changes. By mid 2010 to 2011, I think we’ll be seeing more changes than we thought we would.