AB InBev cans bonuses
Anheuser-Busch InBev executives forfeit payouts after disappointing 2016 financial results and 5% drop in volumes
Highlighting its tough management reputation, Anheuser-Busch InBev (AB InBev) has canned bonuses for most of its executive board because of the disappointing 2016 financial results. It will be the first time since 2008 that CEO Carlos Brito will miss out on a bonus. The move is expected to affect swathes of executives in the group which, after last year’s $103bn acquisition of SABMiller, now controls just more than 25% of the global beer market. South African executives will not be affected as the old SABMiller scheme will apply to them for the year. A final dividend of €2 a share brings the full payout to €3.60. The notable aspect of the results was the hefty 5% drop in beer volumes in the three months (to end-December), which included the former South African Breweries’ figures. Industry sources say it is the steepest decline in SA in more than 15 years. It is in line with the full-year drop in cider volumes reported by Distell. The decline was attributed to "macroeconomic weaknes...
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