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HomeNews/Blog Caught on tape: Anheuser-Busch execs party, then cut more jobs
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.