“Save A-B” group criticizes InBev director
The organizers of SaveAB.com, whose previous efforts to stop a certain brewery merger consisted mostly of posting an online petition and wrapping themselves in the flag, posted a statement yesterday that criticizes a member of InBev’s board.
The director, Jean-Luc Dehaene, is listed on InBev’s website as an “eminent Belgian politician and member of the European Parliament.”
SaveAB.com says it “investigated” Dehaene to learn of his role in the European Union’s governing body. Its statement adds:
“It is wrong for an American company to be taken over by a board comprised of a voting EU member” stated Ed Martin, a founder of SaveAB.com. “This man is setting policy for the EU and impacting the American economy – he clearly has a confict of interest. This indicates yet another reason that the InBev hostile takeover must fail.”
This seems like a pretty thin reed with which to lash out against InBev’s $47 billion offer for Anheuser-Busch. It’s not unusual in this country, either, for companies to have politicians as directors. St. Louis’ own Richard Gephardt serves on the board of Centene, among other companies.
If you want to look for interesting connections on InBev’s board, I would start with Jorge Paulo Lemann, a Brazilian investment banker who is one of the major builders of what’s now InBev. Lemann served on the board of Gillette before it was sold to Procter & Gamble in 2005. One of his fellow directors there was Warren Buffett, who’s also an important A-B shareholder.



David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page.
The Oracle of Omaha a**? More like the Puppeteer from Omaha. Lemann and Brito would be the puppets of course. I wonder how long ago they all got together and hatched this little plan? Maybe before he even bought the Busch stock? This is a risky buy for ImBev in my opinion.