Bill Gates buys $95M worth of Anheuser-Busch shares following Bud Light disaster https://t.co/rP96NMHGjK pic.twitter.com/MuyknyUNEd
— New York Post (@nypost) September 6, 2023
I was never a fan of Budweiser. Busch wasn't terrible. I liked Coors, an occasional Lowenbrau, or the Mexican beer Tecate or Dos Equis. Newcastle was probably the last beer I bought. But it is interesting to see how far from working-class values Anheuser-Busch has fallen since 1980.
Read a little of its history.
In 1860, the brewery was purchased on the brink of bankruptcy by William D'Oench, a local pharmacist, and Eberhard Anheuser, a prosperous German-born soap manufacturer.[14][16][15] D'Oench was the silent partner in the business until 1869 when he sold his half-interest in the company.[14] From 1860 to 1875, the brewery was known as E. Anheuser & Co., and from 1875 to 1879 as the E. Anheuser Company's Brewing Association.[14]
Adolphus Busch, a wholesaler who had immigrated to St. Louis from Germany in 1857, married Eberhard Anheuser's daughter, Lilly, in 1861. Following his service in the American Civil War, Busch began working as a salesman for the Anheuser Brewery.[17][15] Busch purchased D'Oench's share of the company in 1869, and he assumed the role of company secretary from that time until the death of his father-in-law.[17]
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