Fox News
The conservative backlash against Bud Light still isn’t over, as self-described “anti-woke” Florida Gov. Ron DeSantis on Thursday explained on Fox News how he’s open to having legal action be taken against its parent company.
DeSantis’ appearance on Jesse Watters Primetime coincided with a letter written by the 2024 presidential candidate, obtained by CNN, that suggests AB InBev “breached legal duties owed to its shareholders” by becoming involved with “radical social ideologies.” Bud Light used transgender social media influencer Dylan Mulvaney to help market its product, after which sales dropped thanks in part to musician Kid Rock and others leading calls for a boycott.
According to DeSantis, the losses that Florida’s pension fund saw after the partnership may be actionable. According to CNN, the pension fund held AB InBev shares valuing $46 million in March this year. Its price has dropped from $66 per share to $58, though the outlet notes it is still higher than its $44 low in Sept 2022. DeSantis, along with the state’s attorney general and chief financial officer–both of which are also Republicans– are trustees of the State Board of Administration, which handles public workers’ retirement funds.