Missouri Loses Anheuser-Busch, McCain Makes Profit (and celebrates here tuesday)

By DemCat
Created 07/14/2008 - 7:36pm

In case you missed this nugget in all the news about the sale of St. Louis-based Anheuser-Busch [1], John and Cindy McCain [2] are the Big Winners in the foreign takeover of our favorite hometown beer brewer.

From the Wall Street Journal [3]:

"Mrs. McCain’s company owns between $2.5 million to $5 million in Anheuser stock..."

 

And Seth Colter Walls, via Huffington Post [4], does more math on the deal:

In 2006, Cindy McCain reported $283,240 in earnings from ordinary dividends on her tax return, separate from capital gains...If Cindy were to sell off the 2006-era number of shares, as estimated above, at today's $70 price, she would make $17,545,780. 

What other place to celebrate the good news but in St. Louis?  John McCain will be in the Lou tomorrow [5] (Tuesday) asking Missourians to fork over $2300 for dinner, $10,000 for a photo opportunity, $28,500 for a private reception, and $57,000 for a VIP Meet and Greet with him. 

No word on if Ms. Bud [6] and McCain plans to visit Grant's Farm, Busch stadium, the AB brewery, or any of the St. Louisans who may lose their jobs as a result of the sale while he's in town.


Source URL:
http://www.firedupmissouri.com/node/7387