I do highly recommend it for people interested in beer as a business and a cultural phenomenon I found the book referenced several times in a sociological examination of craft beer, UNTAPPED edited by Chapman and Lellock. Louis, so she's well acquainted with Budweiser and the Busches. I also must concede that some of my f This was an enlightening read, but not always the most edifying one. I also must concede that some of my frustration reading this book may come from the fact that I had to read it on a Kindle rather than in print, due to availability issues. I may be a stick-in-the-mud, but I prefer paper to Kindle nearly every time.
Dethroning the King: The Hostile Takeover of Anheuser-Busch, an Amer…
At the overall level, this story is very well composed and moves quickly. MacIntosh wastes little time on irrelevancies, although I would have liked a bit more history of Anheuser-Busch. In particular, I have heard from a member of my dissertation committee that much of the structure of American macro-breweries was determined by the way in which Prohibition was repealed, which made massive consolidation virtually inevitable. It really seems to me that this is what largely determined the basic industry structure that in turn allowed foreign firms!
Julie MacIntosh - Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon
I say this not because I am an extreme American economic nationalist - I am not - but because as an economic sociologist, this is an outcome that would have been neigh inconceivable in the s, and yet received nothing but "meh" at a national level. However, at times the prose gets a bit patchy. MacIntosh sometimes neglects to use a sufficiently clear pronoun, so that it is difficult to tell to whom a particular quote is aimed. She is also prone to pop jargon that doesn't always sit so well, and to which I confess I have more than a little animus, such as the phrase "pumped".
MacIntosh was for a long time a financial journalist, for the Financial Times, no less, a very respected newspaper, and I think a certain amount of reportorial lingo has entered her lexicon. As to the content, all I could think of was Machivelli, the Medicis, the Borgias, and the Condotteri the Italian mercenary "contractors" that despoiled late Renaissance Italy.
The Busches seem like real pieces of work, particularly August Busch the IIIrd, who, like many other bad rulers, made it impossible for anyone else, much less his son, to succeed him.
Although I am not an economic radical of either the left or the right, I can say that this book will make the reader think long and hard about the kind of capitalism we have come to in this period of the 21st century. I don't believe we can dispense with commerce, but I am not convinced that this kind of corporate chicanery does anyone much good, either.
Excellent read. Nov 15, Travis rated it really liked it Shelves: non-fiction. Truth be told I was a bit surprised at how much I actually liked this book. I'm not someone who is usually interested in business stores, and the takeover back did originally register with me. This was really good, and interesting. MacIntosh does a good job of introducing the players in the deal, and provides plenty of background to go along with it. The story does a nice job of going through the ins-and-outs of the deal, and the aftermath. My only minor quibble is that is might be a tad to Truth be told I was a bit surprised at how much I actually liked this book.
My only minor quibble is that is might be a tad too long. Nov 02, Joseph rated it really liked it. This was an eye-opening account of InBev's takeover of A-B, which took place just as the nation's economy was melting down in late The whole story is a series of improbable events that, if not for the fateful nature of their timing, could have resulted in a much different outcome.
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What made the story even more interesting to me was that, a couple of months ago, I made my first visit to St. Louis and toured the A-B "factory" - not realizing at the time that it is really just a Disneyland-li This was an eye-opening account of InBev's takeover of A-B, which took place just as the nation's economy was melting down in late Louis and toured the A-B "factory" - not realizing at the time that it is really just a Disneyland-like depiction of what the brewery used to be.
Sep 04, Chris rated it it was amazing. Great read! Very well documented, and sourced, insider look at how A-B went down to InBev. I found this to be a fascinating read, and one that I would think every red-blooded American would enjoy, if for no other reason than to understand how and why one of the most premiere American companies was taken down by a foreign competitor. MacIntosh does a great job putting all of this together in a way that is very readable and highly entertaining. Sep 05, Jerry Rehkemper rated it it was amazing.
Book reviews: Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon
It was a very interesting book to get the back office story of the AB takeover by InBev. August III was to conservative and never wanted to be a global brewer because he thought it was to risky. Mar 20, William Krasne rated it really liked it. I'm fascinated by the folks at Inbev and 3G - they seem to be ruthlessly efficient operators and have brought budgeting concepts such as zero-based budgeting to the forefront of management lexicon.
If you're looking for a book about recession-era mergers, I'd recommend Shredded above this, but it's I'm fascinated by the folks at Inbev and 3G - they seem to be ruthlessly efficient operators and have brought budgeting concepts such as zero-based budgeting to the forefront of management lexicon. If you're looking for a book about recession-era mergers, I'd recommend Shredded above this, but it's still solid.
Mar 02, J rated it liked it. The author gets a great perspective from the point of view of the Busch family and the A-B dynasty.
However, the book is surprisingly sparse on details of the Inbev side. I get that the author wanting to tell about the family tragedy but given the tactics of the 3G crew it would have been nice to read more about the history there and it might have dovetailed in nicely with her theme. Interesting mix of business, globalisation and family drama Great story, well researched - feeling a bit reiterative at times, but enjoyed overall.
Jan 13, Brad Thibeau rated it really liked it Shelves: owned-books. The depth and access that the author was able to get was incredible. She did a great job weaving the history of AB and the cause of the fall into the current story of InBev purchasing. Mar 18, Kirk Harris rated it really liked it. This review has been hidden because it contains spoilers. To view it, click here. Amazing story of how an iconic American company couldn't get out of its own way and was purchased.
For as long as this company was around, it's amazing how they just gave up at the end. May 10, Caio Malufe rated it it was amazing. This book brings the incredible account of the takeover of AB by the Brazilian 3G! For deal makers and people in the financial markets this is a thrilling story!
Aug 07, Bill Clarkin rated it really liked it. No barbarians at the gate but interesting insight into the sale of the century. Oct 12, Neil rated it really liked it. Book starts off a bit slow but about a third of the way through it really picks up. Really interesting story of how the takeover of Anheuser-Busch went down in the middle of the financial crisis.
Jan 01, David Shelton rated it it was amazing. I was staying at a relatives house and wanted to find something to read. I picked up this book and literally could not put it down for the rest of the time I was there. This book is a fascinating look behind the scenes of the Anheuser-Busch sale to Inbev. I would recommend it to anyone who is from St.
Louis or is interested in the beer industry, or just large company politics. The main downside, is that for people from St. Louis, it's obviously a sad moment in the history of the city. It's ridic I was staying at a relatives house and wanted to find something to read. It's ridiculous how poor leadership of a few people in a large company can affect how the city of St. Louis is perceived though out the county. As the book shows, the company could have easily been saved if not for the greed and poor decision making of a few people. MacIntosh makes the argument that responsibility really rests with August Busch III The Third , who did not put his son in good position to lead and then sabotaged the acquisition of Modelo which could have kept Anheuser-Busch under local ownership in St.
Before reading the book I knew very little about the history of Anheuser-Busch and this book ignited a new interest in the topic. I look forward to reading and learning more about the company i the future. Jun 06, Dan rated it liked it. This book provides a deep look into three interesting dynamics surrounding people, power, and business. One tale is about the psychology of the Busch family as a result of years of wealth and responsibility stacked upon their shoulders.
There is enough dysfunction to go around which will allow you take stock of your own relationships. Another tale is the dynamic of the Busch family with the world around them. Here we find leeches, adversaries, peers, and cowards. The many exchanges where the Busch This book provides a deep look into three interesting dynamics surrounding people, power, and business. The many exchanges where the Busch family wields influence as a sledgehammer leaves the reader questioning their own interactions. The last tale is the meat of strategy and negotiation of the takeover.
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