Former Anheuser-Busch exec: Time for CEO to get the boot

“We just had 600 workers that one of the Anheuser suppliers […] just laid off,” Anson Frericks, a former president of Anheuser Busch Sales & Distribution Company, told Fox Business host Ashley Webster. “Unfortunately, there’s gonna be more workers laid off [unless] we can find the CEO who is going to successfully and confidently address the situation.” …

“Whitworth has had three chances to come and clearly articulate that this campaign was not in the best interest of Anheuser-Busch shareholders,” Frericks said about Anheuser-Busch CEO Brendan Whitworth. “The shareholders of Anheuser-Busch are those firefighters, doctors, police officers, et cetera, and to make sure that their retirement accounts and 401k accounts are done well, companies develop great products and services, period. Not necessarily to get involved in a lot of different political issues or social issues that are being pushed like Blackrock, State Street, Vanguard. And this CEO has been unable to clearly serve the shareholders and unless he does that, we’re going to have to unfortunately find another CEO who can.”

[All it required was an apology. Whitworth couldn’t even manage that, and now shareholder value has fallen significantly. So what’s his value to the company? — Ed]