Latest / Clay & Buck Recommendations / Last Call for Bud Light: The Fall and Future of America’s Favorite Beer.
Transcript
- 0:00Speaker 1: And now as you think there's a way to bring
- 0:01Speaker 1: this back to life, and I get into this in
- 0:02Speaker 1: my book Last Call for Blood Light what you mentioned about.
- 0:05Speaker 1: But I do think one of the fundamental problems is
- 0:07Speaker 1: is that this company, Annhezer Busch, it's no longer American owned.
- 0:10Speaker 1: It was actually purchased by a European company called InBev
- 0:13Speaker 1: about fifteen years ago, and then lots of mistakes were
- 0:16Speaker 1: made over that time period. The InBev company moved the
- 0:20Speaker 1: corporate headquarters from kind of Saint Louis to New York City,
- 0:23Speaker 1: brought in a lot of foreign executives that really didn't
- 0:25Speaker 1: understand the US consumer. They adopted a lot of device
- 0:28Speaker 1: apology of policies of ESG and DEI. So a lot
- 0:32Speaker 1: of those problems happen. I think a lot of those
- 0:33Speaker 1: go away if they actually sell Annhezer bush here in
- 0:36Speaker 1: the US back to US citizens. I mean, sell it
- 0:39Speaker 1: to Warren Buffett and Berkshire Hathaway, sell it to a
- 0:41Speaker 1: consortium of firms like a Blackstone and Steve Schwartzman's group,
- 0:46Speaker 1: sell it to one of those. I think the first
- 0:47Speaker 1: thing they can do, which I think would be good
- 0:49Speaker 1: for this European business that hasn't been able to really
- 0:51Speaker 1: understand the US, and it'd be good for the business
- 0:53Speaker 1: here