DeSantis promoted the Bud Light boycott. Now he’s mad it worked.
By Curt_Anderson July 25, 2023 10:26 am Category: Politics
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DeSantis has launched an investigation into AB InBev and has hinted at further legal action against it. Why? DeSantis says Bud Light’s pursuit of “radical social ideologies” turned its best-selling beer into “a commercial pariah,” which in turn hurt Florida’s pension fund, which had invested in Anheuser-Bush InBev.
DeSantis conveniently leaves out the role he played in promoting the boycott that reduced the share price and, by extension, his own state’s pension holdings. He alleges the company “may have breached legal duties owed to its shareholders” and suggests the pension fund (and other shareholders) sue.
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DeSantis has launched an investigation into AB InBev and has hinted at further legal action against it. Why? DeSantis says Bud Light’s pursuit of “radical social ideologies” turned its best-selling beer into “a commercial pariah,” which in turn hurt Florida’s pension fund, which had invested in Anheuser-Bush InBev.