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CTH write up on the current state of AB.
Posted on 7/28/23 at 4:22 pm
Posted on 7/28/23 at 4:22 pm
quote:
It’s too late.
After losing 12% of stock value, $16 billion in company worth, more than 25% of sales and dropping out of the #1 position for beer in the USA, Anheuser Busch CEO Brendan Whitworth finally announced, “Today we took the very difficult but necessary decision to eliminate a number of positions across our corporate organization.”
The effort is described by Oxygen Financial CEO Ted Jenkin as corporate speak, where “simplify and reduce layers” can be translated to “clean up the corporate mess,” make the shareholders happy and increase the stock price. However, Anheuser Busch CEO Brendan Whitworth, a former CIA operative and woke corporate leader, waited too long and still doesn’t recognize the issue.
Stick a fork in Anheuser Busch and Bud Light, they’re done.
None of this was accidental or unforeseeable. Factually, former Budweiser Light Vice President of Marketing, Alissa Heinerscheid, told Anheuser Bush executives exactly what they were getting when they hired the Wharton business school graduate. Her intent was to bring a new cultural wokeism into the company, and the cultural wokeism is exactly what the company wanted.
Anheuser Busch got exactly what they structurally set themselves up to require. VP of Marketing, Alissa Heinerscheid, did not fail in her job – she delivered exactly what she was hired to generate. The infection will not be removed or cured by firing approximately 400 corporate white-collars who executed the Heinerscheid vision for the company, because it was not her vision alone.
>
he Anheuser Busch CEO and Board of Directors created the space for Heinerscheid to operate, approved of every move, gleefully celebrated the intent and purpose, and yet now stand back jaw-agape at the outcome? The time for pearl clutching, and reactionary perspectives is in the rear-view mirror. Do you really think the same CEO who approved the Heinerscheid agenda is really capable of removing the Heinerscheid culture?
Stop pretending. A generational collapse of a once heralded brand is complete. No one is going to touch Budweiser and the brand is permanently destroyed. How can I be so certain? Check out the video after the article.
[Side Note – The collapse is so complete and consequential, even General Mills is in damage control mode, scrubbing all connections after supporting and enlisting Alissa Heinerscheid in their college internship program.]
quote:
(Fox News) – […] According to a letter sent to employees, laid-off staff will receive severance pay, six months of continued company-paid health insurance benefits and resources to help find a new job.
The controversy embroiling Anheuser-Busch over Bud Light’s short-lived partnership with transgender activist Dylan Mulvaney has sent shockwaves through the company and the beer-making industry.
The Ardagh Group, a global glass producer who contracts with the Anheuser-Busch company, recently announced that it will be closing its plants in North Carolina and Louisiana in July, putting roughly 645 employees out of a job.
The bottling company did not reveal the reason for the move, but an investigation by WRAL reportedly found that the plants are shuttering because of tanking Bud Light sales.
Data from Evercore ISI shows that in the 12-week period leading up to July 2, Bud Light’s sales volume fell by 27.1% over that timeframe — which includes much of the aftermath following Mulvaney’s partnership with the beer brand.
Will Hild, the executive director of Consumers’ Research, noted that customers are now seeing firsthand how much power they have to control the market and “make their voices heard.” (more)
Pretending has consequences….
This is a video of Anheuser Busch CEO Brenden Whitworth on June 28th, explaining the issue as he sees it. Stop for a minute, just pull back to the 30,000-foot level, and look at the basics.
Does this guy with a scruffy beard, sneakers and a business suit with no tie, look like a corporate executive who understands stewardship? Not even close.
CEO Brenden Whitworth represents the culture of popular style in corporate management. Marketing VP Alissa Heinerscheid is what you get with this specific type of CEO.
Effective corporate leadership is boring, bland, steady, stable, consequential to the core mission and yet brutally focused on consumer value and long-term steady outcomes.
Yes, in a modern era some stuffiness needs to be removed from the cultural climate, Tim Cook is a great example of that. However, Brenden Whitworth is what you get when you take “popular image” or progressive creep too far.
Who Brenden Whitworth is, meaning the stuff inside this guy, reflects exactly why Donald Trump did not put Don Trump Jr. in charge of Trump Corporation. Donald Trump chose Eric Trump to run the company for this exact reason. [Oh snap, was that my outside voice?!]
Bud Light is done. WATCH:
Anheuser Busch Announces Hundreds of Layoffs in Effort to Recover from $16 Billion Loss, 25% Sales Drop and Systemic Corporate Cultural Infection
Posted on 7/28/23 at 4:28 pm to GumboPot
All they gotta do is issue a statement along the lines of "yeah man, we're sorry but that tyranny shite was a bad move." That might mend some fences.
Posted on 7/28/23 at 4:30 pm to Slinger16
The guy needs to quit and fire all involved
Personally, multiple lawsuits by the distributors against the company and a general strike against the company would be in order to put this back in perspective.
Personally, multiple lawsuits by the distributors against the company and a general strike against the company would be in order to put this back in perspective.
Posted on 7/28/23 at 4:37 pm to Slinger16
quote:
All they gotta do is issue a statement along the lines of "yeah man, we're sorry but that tyranny shite was a bad move." That might mend some fences.
Click the link and watch the CBS video. There is no way the current former CIA CEO Brendan Whitworth of AB will speak that bluntly. He is full of deflection, double speak, euphemisms and obfuscation all with a smile on his face. The AB board would be very smart to fire Brendan right now. Not only is BL toxic but Brendan comes off as fake.
Then again, the CTH is probably right. BL is done.
Posted on 7/28/23 at 4:39 pm to dafif
quote:
The guy needs to quit and fire all involved
Personally, multiple lawsuits by the distributors against the company and a general strike against the company would be in order to put this back in perspective.
Stock holders need to fire him and sue A-B over this shite.
Posted on 7/28/23 at 4:41 pm to GumboPot
quote:
CEO who approved the Heinerscheid agenda is
...is and Ivy League and Manhattan elitist who rubs elbows with other liberal elites who tell each other that the Democrat agenda is the only way.
Posted on 7/28/23 at 4:49 pm to GumboPot
quote:
Anheuser Busch CEO Brendan Whitworth, a former CIA operative and woke corporate leader
former?
Funny how these things keep popping up together.
Posted on 7/28/23 at 4:58 pm to AUHighPlainsDrifter
quote:
Stock holders need to fire him and sue A-B over this shite.
Who hired him to start with is probably part of the problem.
Ideology can be like a powerful drug that renders otherwise intelligent people stupid. Bud Light used to have funny commercials that were adopted by popular culture. Now they are the joke.
Posted on 7/28/23 at 5:01 pm to GumboPot
They insulted their entire customer base and simply trying to appease both sides will never win them back. Folks see right through that bs.
After watching it, I want AB to suffer even more.
Trannie beer
After watching it, I want AB to suffer even more.
Trannie beer
This post was edited on 7/28/23 at 5:06 pm
Posted on 7/28/23 at 5:02 pm to GumboPot
Consumers have moved on from InBev/Bud. A boycott would imply an eventual return, which doesn’t seem possible at this point.
Posted on 7/28/23 at 5:05 pm to GumboPot
nope, you figs will get tired of your foo foo beers and come back to the king of beers.
Posted on 7/28/23 at 5:15 pm to GumboPot
Have they actually fired that marketing director yet that started all this shite? Last I saw was that they just put her on leave.
Posted on 7/28/23 at 5:22 pm to jrodLSUke
August Busch III would have strangled this guy with his bare hands.
Funny story. I knew the fella that invented Bud Light (rip). He said Miller Lite was cutting our arse, I was in charge of marketing and August was relentlessly on my arse. Had two heart attacks working for the guy. Finally, finally those ads "no I said a bud light". Remember those, the guy orders a lite and flaming arrows, blow torches, etc. Bars finally started asking bud light or miller lite and they started gaining on Miller.
So August calls him in the office. Look I feel partially responsible for the health issues, so you are retiring. You like golf so Im putting you in charge of the AB classic in Williamsburg and set you up a place down there.
Now sign these. Whats that, its a distributorship in NC a few hours from Williamsburg so you can visit the grandkids, the distributorship is for your son. He should clear a few million a year at least. Whats the other thing you want me to sign. Its an agreement you will never set foot in the distributorship, its your kids, all the money you saved up for them, blow it, your heirs are taken care of.
And August would strangle this clown.
Funny story. I knew the fella that invented Bud Light (rip). He said Miller Lite was cutting our arse, I was in charge of marketing and August was relentlessly on my arse. Had two heart attacks working for the guy. Finally, finally those ads "no I said a bud light". Remember those, the guy orders a lite and flaming arrows, blow torches, etc. Bars finally started asking bud light or miller lite and they started gaining on Miller.
So August calls him in the office. Look I feel partially responsible for the health issues, so you are retiring. You like golf so Im putting you in charge of the AB classic in Williamsburg and set you up a place down there.
Now sign these. Whats that, its a distributorship in NC a few hours from Williamsburg so you can visit the grandkids, the distributorship is for your son. He should clear a few million a year at least. Whats the other thing you want me to sign. Its an agreement you will never set foot in the distributorship, its your kids, all the money you saved up for them, blow it, your heirs are taken care of.
And August would strangle this clown.
Posted on 7/28/23 at 5:29 pm to GumboPot
Heinerscheid Is going to become a descriptive marketing term for crashing a product with an epically stupid marketing idea. Like Munson from Kingpin.
Posted on 7/28/23 at 5:33 pm to GumboPot
Lol so instead of replacing the idiot at the top, people are losing their jobs.
They need a turnaround specialist in there in the worst way.
They need a turnaround specialist in there in the worst way.
Posted on 7/28/23 at 6:27 pm to idlewatcher
Actually firing the people responsible they cost thousands their jobs and billions in market cap
Posted on 7/28/23 at 6:33 pm to dafif
I love the long gushing article Forbes wrote when Heinerschied was hired.
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