DeSantis Sets Anheuser-Busch in Sights as Next Disney

RozenskiP /
RozenskiP /

We’ve all seen the failings of Disney over the last year or so, mostly due to picking a fight with Florida Governor Ron DeSantis. And now, Anheuser Busch is about to get a taste of the same medicine.

On Thursday, a letter to the State Board of Administration was received from the office of the Governor asking for a “review” of certain stocks the SBA holds of Anheuser-Busch.

Currently, The Hill reported that the SBA “holds global equity assets with Anheuser-Busch InBev. In combination with other companies’ stocks, the SBA then “provides a variety of investment services to state and local government entities in” the Sunshine State.

Basically, the SBA provides things like the state pension plan and income for state and local government employees such as police officers, firefighters, teachers, and many more.

And as DeSantis pointed out in his letter, their ability to provide those benefits depends on how well the stocks they hold do on the market.

So as Bud Light, in connection with Anheuser-Busch, continues to suffer from the March debacle they created by promoting transgender “influencer” Dylan Mulvaney, so too does the fate of those who the SBA provides for.

Naturally, DeSantis is questioning the organization’s continued relationship with AB InBev.

The Florida governor notes that since the Mulvaney debacle, InBev has lost a whopping $27 billion in capital. And now, even “American mainstays like Costco” are beginning to pull their products from the shelves, only to cause more harm to the brand.

“Clearly, the Board’s mismanagement – as well as its failure to remediate the problem and repair its relationship with millions of disaffected American consumers – has led to this impasse and will continue to financially harm the SBA and other shareholders.”

And so, to “prudently manage the funds of Florida’s hardworking law enforcement officers, teachers, firefighters, and first responders,” DeSantis is asking that the SBA review how AB InBev’s stocks are doing and adjust accordingly.

To be sure, if the SBA complies with DeSantis’ request, it could cost Anheuser-Busch billions more.