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MILWAUKEE — August Busch IV, chief executive of Anheuser-Busch Cos. (BUD) will be paid nearly $10.4 million after the brewer is sold to InBev and $120,000 a month to consult for the new company through the end of 2013. Terms of the consulting deal are currently being negotiated, according to a filing with the Securities and Exchange Commission made Friday. Busch, a member of the St. Louis-based brewer's founding family, will also be eligible for an additional payment of $13.3 million on various change in control payments and benefits, the filing said. Last month, the brewer of Bud Light and Budweiser announced it had agreed to be sold to InBev, the Belgium-based maker of Stella Artois, Beck's and Bass. The deal is worth $52 billion. The two companies will combine to create Anheuser-Busch-InBev. The combined company's North American headquarters will remain in St. Louis. __________________________________________________ Now August Busch IV, father and grandfather would be turning over in their graves to see what is going on. They would never have sold out to anyone but August Busch IV is a different story. How sad. 
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8/23/2008 11:59 am |
I bet you our founding fathers are turning over in their graves too b/c of all their hard work that we have undone in the process of destroying this country that was once the home of the free and the brave. We have messed it up so bad with all our greed. (NOT U and ME personally, but we as as nation) Peace!Lisa Make luv & war will be extinct! Stop the hate!
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