Florida Gov. Ron DeSantis is instructing the executive director of the State Board of Administration to investigate Anheuser-Busch InBev for failing to uphold its duty to its shareholders.
"It has come to my attention that the State Board of Administration currently holds global equity assets with Anheuser-Busch InBev ," the governor wrote in the Thursday letter. "As you well know, AB InBev's performance has plummeted since its decision to associate its Bud Light brand with radical social ideologies. That fateful decision has transformed America's formerly best-selling beer — and one of InBev's best-performing assets — into a commercial pariah.
The fallout from the Bud Light controversy has spilled over into other Anheuser-Busch InBev beers which have also suffered from sales declines. In the letter, DeSantis instructed Taylor to investigate the state's financial ties to AB InBev and reach a conclusion on whether the SBA has grounds to pursue legal action against the company for negligence towards its shareholders.
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