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   From: transheuser-busch@gmail.com   
      
   Instead of laying off hundreds of rank-and-file employees, a former   
   Anheuser-Busch executive argued the brewer would’ve been smarter to let go   
   of just one person.   
      
   "My feeling is they would've been set up for more success if they actually   
   laid off one person, which is their CEO," Anson Frericks, Anheuser-Busch’s   
   previous president of operations, said Friday on "Varney & Co."   
      
   "They said they're trying to set this business up for future long-term   
   success, but there's no future at this company with the current CEO in   
   place," he added. "The CEO is accountable for the results of the   
   organization, and the results of the last four months have been terrible."   
      
   After a controversial partnership with transgender influencer Dylan   
   Mulvaney resulted in months of Bud Light’s slumping sales, Anheuser-Busch   
   InBev announced that it laid off hundreds of workers.   
      
   ANHEUSER-BUSCH RESPONDS AFTER DYLAN MULVANEY LASHES OUT OVER BEER CAN   
   CONTROVERSY   
      
   Brendan Whitworth, CEO of Anheuser-Busch, the world’s largest brewer, on   
   Wednesday said the company did not make the decision to cut staff   
   "lightly" but was prioritizing its "future long-term success," The Wall   
   Street Journal reported.   
      
   "You still have sales down 30% on their top brands. Billions of dollars of   
   shareholder value have been razed, and it's all due to the decisions made   
   by the top leaders of the company," Frericks criticized.   
      
   Whitworth clarified the layoffs included corporate and marketing roles at   
   U.S. offices in St. Louis, New York and Los Angeles. It did not impact   
   brewery and warehouse staff, the company also said.   
      
   Frericks expanded on why the job cuts should have started "at the top" of   
   the company.   
      
   "Every single CEO, they have a fiduciary obligation to their shareholders,   
   not to these stakeholders in the organization that are pushing different   
   agendas, activist agendas, political agendas," the former exec explained.   
   "If you're the CEO of a company, you're the one who's accountable for the   
   results at the end of the day."   
      
   When he settled into the company after joining in 2011, Frericks claimed   
   he started seeing the shift away from fiscal priorities to political ones.   
      
   "By the time I left the organization, we started releasing two annual   
   reports: one was for shareholders, which talked about what the company was   
   doing, its financials; but there was a second, 105-page ESG report that   
   the company was releasing that was talking about DEI, talking about ESG,   
   talking to these progressive things that frankly did not deliver to the   
   bottom line," he pointed out.   
      
   Frericks expressed he remains "shocked" that Anheuser-Busch hasn’t   
   properly addressed or fixed the slump in sales, and warned of "more pain"   
   to come.   
      
   "They have their shareholder call next week where they're going to have to   
   be accountable to shareholders. I think there are going to be a lot of   
   tough questions where you're going to have folks asking what the plan is   
   to turn things around," he said.   
      
   Anheuser-Busch did not immediately respond to Fox News Digital’s request   
   for comment.   
      
   https://www.foxbusiness.com/business-leaders/anheuser-busch-exec-layoffs-   
   ceo-future   
      
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    * Origin: you cannot sedate... all the things you hate (1:229/2)