August 18, 2008 7:17 PM
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Money Will Rain on Busch CEO When InBev Deal is Completed
(MoneyWatch) To fully understand the machinations behind corporate dealmaking, you often have to wait until well after a deal is reached, as the details start coming out.
One piece of the puzzle behind InBev's acquisition of Anheuser Busch may have been provided in a filing late last week with the Securities and Exchange Commission. August Busch IV, the CEO of Busch, will get $10.4 million after the sale, and will be paid $120,000 a month for about four years as a "consultant" to InBev.
He also will be eligible for $13.3 million in "change in control" payments and other benefits, such as personal security services, medical insurance, and administrative support. Oh, and free tickets to all Anheuser Busch-sponsored events.
In return, as the Associated Press put it, "Busch will not be able to disparage the company." Totally worth it.
One piece of the puzzle behind InBev's acquisition of Anheuser Busch may have been provided in a filing late last week with the Securities and Exchange Commission. August Busch IV, the CEO of Busch, will get $10.4 million after the sale, and will be paid $120,000 a month for about four years as a "consultant" to InBev.He also will be eligible for $13.3 million in "change in control" payments and other benefits, such as personal security services, medical insurance, and administrative support. Oh, and free tickets to all Anheuser Busch-sponsored events.
In return, as the Associated Press put it, "Busch will not be able to disparage the company." Totally worth it.
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