Busch IV Testifies In Gender Discrimination Trial

The Anheuser-Busch logo on a company factory in St. Louis | Photo courtesy of Creative Commons
The Anheuser-Busch logo on a company factory in St. Louis | Photo courtesy of Creative Commons

August Busch IV said he wasn’t the one who negotiated the severance packages paid to top Anheuser-Busch executives in 2008 as part of the InBev takeover. The payments are at the crux of the gender discrimination lawsuit brought against A-B by former communications executive Francine Katz, whose 2009 lawsuit alleges she was paid less than male executives during her time on A-B’s Strategy Committee.

Busch said A-B was “vulnerable” to a takeover during the time he served as CEO, from 2006 to 2008, having “sat on the sidelines” as the beer industry consolidated in the late 1990s and early 2000s. He said he did not want to sell A-B, and “gave everything” he had to prevent the sale, including a proposed offer to buy Grupo Modelo.

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