Analysis: DeSantis postures on Bud Light — wielding heavy hand of government again. Experts say the effort doesn’t appear to be serious. But it says a lot about the GOP.
he is asking State Board of Administration officials to review the state’s stock holdings in Bud Light’s parent company, AB InBev. The idea is that the stock accounts for a large share of the holdings — DeSantis has pegged it at $50 million — and so Bud LightAdvertisement
Left unstated: DeSantis promoted a boycott over the Mulvaney partnership that wound up costing Bud Light. He’s now effectively citing the results of that boycott to say the government should get involved. Joshua A. Lichtenstein, an expert on fiduciary law at the law firm Ropes & Gray, said Bud Light was insulated by the fact that this was at least intended to be a marketing decision, geared to selling the product, not just making a political statement.“From a legal standpoint, I don’t think this a serious theory or a serious attempt with a legal basis,” Lichtenstein said.
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