Pursuits
SABMiller Better Get Ready for a CEO Who Doesn't Like to Have Fun
- Slashing expenses is key to the AB InBev takeover playbook
- A deal could end free meals and fine hotels for SAB staff
Everything You Need to Know About SABMiller in 60 Seconds
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Anheuser-Busch InBev NV prides itself on penny-pinching. There are no private offices for top brass, no lavish parties, and no high-end hotels like the Four Seasons. Guess where SABMiller Plc executives like to stay when they travel?
The proposed takeover of SABMiller by the brewer of Bud Light, Busch and Rolling Rock has set up a dramatic clash of corporate cultures. AB InBev has a long track record of relentless cost-cutting at companies it acquires, and Chief Executive Officer Carlos Brito once boasted that he doesn’t “like people at the company to have fun.”