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Caught on tape: Anheuser-Busch execs party, then cut more jobs PDF Print E-mail
Written by David   
Saturday, 23 May 2009 10:35
Anheuser-Busch executives responsible for cutting jobs, slashing salaries, and freezing pensions have been caught partying at the company's Lake of the Ozark's luxury retreat.

KSDK's I-Team documented four vice presidents and five department leaders among the group seen hugging and toasting each other as they reportedly discussed the next round of layoffs.

The Anheuser-Busch lakefront resort is a secluded compound used for meetings, getaways and parties. According to the two day agenda, the 'People Strategy' meeting dealt in part with a three-year plan that focuses on reducing more jobs through outsourcing and layoffs. An Anheuser-Busch insider, whom they call "Joe" said "What you see in the tape is the face of corporate greed. This is the same type of corporate greed and self-indulgence that we've seen on Wall Street, that we've seen in the financial sector, and it's important that somebody hold a mirror up to this and say, 'Enough.'"

The group enjoyed the company's fully staffed, million-dollar 51 foot sports yacht. They chatted, drank and cruised on the lake. On the second day of meetings, 20 people from finance and accounting department lost their jobs.


Last Updated on Saturday, 23 May 2009 10:37