Money Will Rain on Busch CEO When InBev Deal is Completed

Last Updated Aug 18, 2008 7:18 PM EDT

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.

ablogoOne 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.

  • Dan Mitchell

    Dan Mitchell has spent the past 20 years writing and editing for newspapers, magazines, and Web publications. Currently, he writes the What's Online column for the Saturday business section of the New York Times. He has also written for the Chicago Tribune, the Minneapolis Star-Tribune, National Public Radio, Business 2.0, and Wired.