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DeSantis calls for state investment manager to consider action against Bud Light's parent company (edition.cnn.com)

submitted 1 year ago by Col3814444@kbin.social to c/politics@kbin.social

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Florida Gov. Ron DeSantis is urging the state’s pension fund manager to consider legal action against Bud Light’s parent company amid conservative backlash to the beermaker’s recent marketing efforts, the latest attempt by the Republican presidential candidate to inject himself and the state he runs into the country’s culture wars.

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[–] DarkGamer@kbin.social 7 points 1 year ago* (last edited 1 year ago)

Florida's pension fund only had a $50m position in InBev, for a loss of ~$600k. Not a lot out of a fund of $235 billion. Florida pension funds under DeSantis also took a $200m bath because they invested in Russia, and because DeSantis gave control of Florida's pension funds to managers who donated to his campaign. Still they're using this as an excuse to push their culture war and threaten InBev with lawsuits over less significant losses that Republicans caused.