Florida Governor and GOP presidential candidate Ron DeSantis has ordered a thorough investigation into the potential impact of Bud Light’s collaboration with transgender influencer Dylan Mulvaney on the state’s pension investments. Acting on the belief that AB InBev, the parent company of Bud Light, has embraced “radical social ideologies,” DeSantis has directed the agency responsible for managing Florida’s pension funds to assess whether shareholder duties were breached. Taking to Twitter, DeSantis expressed his concerns and stated that legal action may be necessary. He instructed the State Board of Administration to examine the impact of InBev’s conduct on their stock value.
This move by DeSantis follows a conservative backlash against Bud Light for associating with a transgender influencer. The campaign faced criticism from conservative social-media influencers, resulting in a drop in sales. DeSantis has stated that all options, including the possibility of suing Anheuser-Busch InBev, are under consideration. In response, InBev released a statement emphasizing its commitment to shareholders, employees, distributors, and customers, highlighting its focus on sustainable growth and providing consumers with enjoyable products.
Interestingly, during a right-wing podcast, DeSantis admitted to not being a consumer of Bud Light, instead favoring Guinness, a company known for inclusivity in its LGBTQ+ community-focused advertising. This is not the first instance of DeSantis utilizing government power to influence cultural issues impacting businesses within the state. The governor has faced accusations from The Walt Disney Co. of attempting to “weaponize government power” in their ongoing dispute regarding the company’s control over Central Florida theme parks. The disagreement stems from Disney’s opposition to the state’s anti-LGBTQ stance.
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