4.8 • 39.1K Ratings
🗓️ 4 February 2025
⏱️ 83 minutes
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As President of Anheuser-Busch Sales and Distribution, Anson had a front-row seat to witness how and why Bud Light lost its position as the most popular beer in America (as well as $30 billion in market cap) by changing its focus from shareholder profits to stakeholder capitalism and partnering with Dylan Mulvaney. His new book, Last Call for Bud Light: The Fall and Future of America’s Favorite Beer is out today.
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0:00.0 | Well, when you get a title it works, you stick with it. And the title of the book we're going |
0:07.3 | to be discussing today is Last Call for Bud Light, which means it's also the title of this episode, |
0:12.6 | because honestly, man, I've kind of enjoyed in a perverse way. And I shouldn't say that out loud, |
0:20.3 | but I've kind of enjoyed the unraveling of this brand. |
0:24.3 | Because I think it had to happen, to be honest. Are you rooting for it to come back? Yes. I'm absolutely |
0:30.4 | rooting for Bud Light to recover. But when we, for the last couple of years, have been talking about |
0:36.4 | the necessity for things to go splat, you know, in so many different ways, this is what I was talking about with regard to this whole strange bull you base of ESG and DEI and sort of corporate virtue signaling and this awful migration from shareholder capitalism to |
1:01.0 | stakeholder capitalism. And our guest today has written a book that just addresses all of it. |
1:07.9 | Basically, the conversation you're about to hear with Anson Frerex, by the way, |
1:12.4 | is an awful lot of fun. Well, it was an awful lot of fun to have. You listened mostly. |
1:18.3 | Did you have an awful lot of fun listening? Yeah, I thought it was really good. I mean, |
1:21.4 | he told a story. I thought he was a very good storyteller, and he told the story chronologically |
1:26.9 | of the rise and fall of Bud Light. |
1:30.0 | And the things that precipitated it. |
1:33.3 | Oh, totally. |
1:34.1 | Yeah. |
1:34.7 | So Anson was a major executive. |
1:37.7 | He was the president of Anheuser-Busch's Sales and Distribution Company. |
1:42.6 | Right. |
1:43.0 | So he had a front row seat to everything that led up to the whole Dylan Mulvaney. |
1:48.7 | Crazy miscalculation from a marketing standpoint. |
1:53.8 | And this conversation mostly is an attempt to answer the question, how in the world could so many otherwise smart, experienced people make such a colossal error? |
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