Gov. RonDeSantis sent a letter to the Florida State Board of Administration requesting a review of its holdings of AnheuserBusch InBev, the parent company of BudLight.
The review comes months after the iconic beer brand became embroiled in controversy for a marketing campaign with a transgender internet influencer. DeSantis says the depreciation in value of the company's stock amid the controversy should leave all options on the table.So I’m calling for an investigation into AB InBev’s actions regarding their Bud Light marketing campaign and falling stock prices.
In the letter, which was sent to interim Executive Director of the SBA Lamar Taylor on Thursday, DeSantis said AB InBev had turned into a"commercial pariah" because of its ill-fated marketing strategy and that the losses for the company were"staggering." He also said AB InBev appeared to have breached its"legal duties to shareholders" and that"to protect SBA and the retirees of Florida" from the company's losses,"all options are on the table."
DeSantis's push to review assets the state has invested in AB InBev is a continuation of the governor's war against ESG, which is short for environmental, social, and governance.
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