JACKSONVILLE, Fla. — Gov. Ron DeSantis is threatening to sue Bud Light’s parent company after its stocks plummeted.
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Earlier this year, AB InBev, launched a marketing campaign featuring a transgender influencer.
As a result, Bud Light saw a large decline. The governor said that decline may have impacted the state’s retirement holdings.
During an appearance on Fox News Thursday evening, DeSantis said the state held a large amount of AB InBev stock in the state’s FRS pension plan prior to the crash.
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We’ve kneecapped ESG in Florida.
— Ron DeSantis (@GovRonDeSantis) July 21, 2023
So I’m calling for an investigation into AB InBev’s actions regarding their Bud Light marketing campaign and falling stock prices.
All options are on the table and woke corporations that put ideology ahead of returns should be on notice. pic.twitter.com/B3frLY4f30
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