(The Guardian) Ron DeSantis threatens Bud Light with legal action
Florida Governor Ron DeSantis threatened the parent company of Bud Light with legal action for sponsoring transgender influencer Dylan Mulvaney.
In a letter to Florida state’s pension fund manager, CNN reported, DeSantis alleged that AB InBev had decided to associate with “radical social ideologies” and “may have breached legal duties owed to its shareholders”.
Sales of Bud Light have dropped amid a conservative backlash over a social media promotion with Mulvaney. The company has also lost credibility among members of the LGBTQ+ community over its efforts to distance itself from controversy.
DeSantis, who is a trustee of the state board of administration, wrote: We must prudently manage the funds of Florida’s hardworking law enforcement officers, teachers, firefighters and first responders in a manner that focuses on growing returns, not subsidizing an ideological agenda through woke virtue signaling.
DeSantis, speaking to Fox News on Thursday night about the letter, said the state may consider a “derivative lawsuit” against AB InBev. He said: We believe that when you take your eye off the ball like that, you are not following your fiduciary duty to do the best you can for your shareholders.
Florida Governor Ron DeSantis threatened the parent company of Bud Light with legal action for sponsoring transgender influencer Dylan Mulvaney.
In a letter to Florida state’s pension fund manager, CNN reported, DeSantis alleged that AB InBev had decided to associate with “radical social ideologies” and “may have breached legal duties owed to its shareholders”.
Sales of Bud Light have dropped amid a conservative backlash over a social media promotion with Mulvaney. The company has also lost credibility among members of the LGBTQ+ community over its efforts to distance itself from controversy.
DeSantis, who is a trustee of the state board of administration, wrote: We must prudently manage the funds of Florida’s hardworking law enforcement officers, teachers, firefighters and first responders in a manner that focuses on growing returns, not subsidizing an ideological agenda through woke virtue signaling.
DeSantis, speaking to Fox News on Thursday night about the letter, said the state may consider a “derivative lawsuit” against AB InBev. He said: We believe that when you take your eye off the ball like that, you are not following your fiduciary duty to do the best you can for your shareholders.
