- 09 Dec 11, 16:29#285989
According to Wikipedia, these are the corporate changes made since the InBev buyout.
*note; none of these were implemented to improve the quality of the beer.
Talk about off topic.
1,400 U.S. employees (6%) and 415 contractors were laid off
introduced what InBev called an "increased focus on meritocracy" that means salaried workers receive a base salary that was supposed to be targeted at 80% to 120% of the market rate (though this has not turned out to be the case, with many employees earning well under 100%). The difference in Base Salary is offset with a bonus system, which can account for 15–50% of a person's salary.[citation needed]
about 40 of its executives were granted a total of 28 million stock options, "potentially worth tens of millions of dollars to each recipient, if the company reduces its debt-to-income ratio by about half in five years"
for senior management, elimination of executive assistants and private secretaries
elimination of free beer program known as the Anheuser Busch Hospitality Houses and Brewmasters Club formerly located at the theme parks. However, the St. Louis Anheuser-Busch Brewery Tour as well as the Grant's Farm park in St. Louis county both offer free AB products to their guests. On October 7, 2009 Anheuser Busch InBev announced the sale of its Busch Entertainment Corporation theme park division to The Blackstone Group. The sale was complete on December 1, 2009 and the division was renamed SeaWorld Parks & Entertainment.
announced it would end contributions to its pension plan for salaried employees in 2012
"ornate executive suites" were replaced by a "sea of desks"[citation needed]
the number of company-supplied BlackBerrys for employees cut from 1,200 to 720
accounts payable terms lengthened to 120 days
zero-based budgeting
put its corporate jets up for sale
announced that in January 2010, it will stop providing life insurance for retirees
elimination of tuition reimbursement for all but its highest rated employees (those rated 4a and 4b)
These changes are also accompanied by changes in its advertising.
The changes continued in 2010, as Anheuser-Busch InBev:
Continued with layoffs according to the St. Louis Post-Dispatch and employees (with more layoffs rumored to come)[17]
Revamped their severance policy to require employees to sign away their rights to WARN pay before receiving severance
*note; none of these were implemented to improve the quality of the beer.
Talk about off topic.
"I don't want to be part of a forum where everyone has differing opinions." Boom...
