Former Anheuser-Busch executive Anson Frericks weighs in.
Frericks said in the case of one of the firms, it manages California's pension fund — the largest in the country — and that therefore California politicians can also have a say in the corporate governance and politicking of the firms they invest so heavily in.
He pointed to Atlanta, home to Coca-Cola and Delta Airlines, which became outraged after Georgia's legislators passed election integrity laws. "But frankly, it's bad for democracy as well. Citizens should be able to decide these things through free and fair elections, not necessarily with a small group of asset managers and CEOs that are telling individuals how to live their lives," he said.Host Jesse Watters said the political Left once"hated" Wall Street but now loves to partner with it for political means.
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Bud Light Drama Caused $27 Billion Loss and Tanked Company StockAround $27 billion in Anheuser-Busch’s market value is now gone, falling to about $107 billion from over $134 billion in March.
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