From WSJopinion: Anheuser-Busch has fallen in line with other companies engaged in “stakeholder capitalism,” which prioritizes broad social issues over shareholder value, writes Anson Frericks
Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Reuters/Shutterstock Composite: Mark KellyAnheuser-Busch is losing customers over Bud Light’s partnership with transgender activist Dylan Mulvaney, but the company’s problem is more fundamental. The brewer has fallen in line with other companies engaged in “stakeholder capitalism,” which prioritizes broad social issues over shareholder value.
It wasn’t always this way. I worked at Anheuser-Busch for 11 years, rising to U.S. president of sales and distribution before leaving in 2022. The firm was focused on increasing shareholder value and did so in part by offering a high-quality and, at the time, decidedly apolitical product: Bud Light.
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