Former President Says Busch Showed Favoritism In Severance Decisions

The Anheuser-Busch factory in St. Louis | Photo courtesy of Creative Commons
A former Anheuser-Busch president said August Busch IV approved people for severance pay even though they didn't qualify. | Photo courtesy of Creative Commons

On the last day of testimony in a gender discrimination case, the president of Anheuser-Busch when the company was about to be purchased said August Busch IV added several friends to the list of officers to receive severance, even though they didn’t qualify.

Dave Peacock, a close confidante to August Busch IV who helped negotiate InBev’s 2008 takeover of A-B, testified that he thought it was “strange” when he saw their names on the list. “The CEO says do it, we did it,” Peacock said.

Francine Katz filed the discrimination lawsuit after learning she was paid less than her male counterparts on A-B’s top Strategy Committee. At issue in the trial is also Katz’s designation as a “Tier 2” officer in the severance agreement, based on her pay.

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