Showing posts with label Anheuser-Busch. Show all posts
Showing posts with label Anheuser-Busch. Show all posts

Thursday, June 26, 2008

Crisis Delayed not Averted...Yet

Anheuser Busch is reported to be announcing it's rejection of the unsolicited take over bid from the Belgium company InBev.
Pirko said a rejection from Anheuser sets the stage for InBev to either raise its bid or take its bid directly to shareholders -- options he said InBev is likely to pursue.

One possible course of action now for InBev is to raise their offer and go directly to the shareholders with their offer. If Anheuser Busch shareholders are presented with an offer it will be interesting to see how they react. Remember whenever it is the evil CEO and corporate board of directors who agree to these kinds of mergers and buyouts it is always a bad thing and a sign of corporate greed. Will the average shareholder when presented with making the same choice stand on principle or will they too sell out to the highest bidder? It will be interesting to watch just to see how the shareholders react when the money gets high enough.

Thursday, June 19, 2008

Sharpton 'Donors' Hit With Subpoenas

Those companies that donated protection money to Al Sharpton, racial arsonist and good pal of Barack Obama, suddenly are facing a wave of subpoenas.

Of course, this will go nowhere as Sharpton has special priviliges and immunity from prosecution since he's a Democrat and has friends in high places.
The probe into the Rev. Al Sharpton's finances intensified this week, with the IRS sending out a flurry of subpoenas to his most generous corporate donors, The Post has learned.

Anheuser-Busch, the brewer of Budweiser and Michelob, confirmed yesterday that it received a federal subpoena in connection to its charitable giving to Sharpton's National Action Network.

"We have received a subpoena and are cooperating with the IRS," the company said in a statement.

Sharpton blasted the subpoena as a "fishing expedition" and said his donors are proud of their financial support. The St. Louis-based corporation donated between $100,000 and $499,000 to NAN in 2007 alone, according to its Web site, but declined further comment about its relationship with Sharpton. A knowledgeable source said several other corporate donors received or would soon receive subpoenas.
...
Sharpton himself, his business entities and his nonprofit civil-advocacy group owe millions in back taxes, documents show.

Personally, Sharpton owes $931,397 in federal taxes and $365,558 in New York City taxes, according to an IRS lien.
Makes you wonder how a guy can owe over a million dollars to the IRS and be walking free, no?

Ah, aren't double standards wonderful?

"That's not the Al Sharpton I knew," proclaimed Messiah Obama as he prepared more room under a very crowded bus.