This week, Bud Light faces a new competition to restore its top status in America.
The Florida governor and presidential candidate is the latest politician to threaten to sue the beleaguered beer industry in a derivative case.
"We believe that when you take your eye off the ball like that, you are not following your legal duty to do the best you can for your shareholders," Florida Governor and presidential candidate said.
We will conduct an investigation into Bud Light and InBev, which may result in a derivative litigation on behalf of Florida Pension Fund stockholders.
Because, at the end of the day, putting business aside to focus on your social agenda at the expense of hardworking people has to have consequences."
The governor has shifted his attention to Bud Light after Disney's previous CEO spoke out against the state's "Don't Say Gay" education effort.
In April, Disney filed a lawsuit against DeSantis for a "targeted campaign of government retaliation" after a Twitter user threatened to revoke the company's long-held self-governing status in Florida.
In February, DeSantis signed legislation to end special status. Last Monday, the corporation's current CEO declared that it would not back down from DeSantis.
We are concerned that he is retaliating against the firm because of its stance on state laws. Even if the situation was handled poorly, the corporation has the right to speak out.