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HarryCarysGhost (99.70)

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October 30, 2009 – Comments (2) | RELATED TICKERS: BUD

Former A-B exec claims brewer encourages "fratparty" atmosphere.

ST.LOUIS(AP) - A former Anhheuser-Busch executive who was the company's top-ranking woman has sued the brewer claiming it encourages a "frat party" atmosphere and pays women less in salary and bonuses than men.

Francine Katz, former V.P of communications and consumer affairs for the maker of Bud, Bud Light and other beers, filed the lawsuit Monday in state Ct in St Louis.

In a statement, the brewers current V.P of communications, Terri Voht, said the company believes Katz was compensated fairly and the lawsuit is unjistified.

"Our company firmly believes in treating all employees fairly and values the difference of all employees,specifically prohibiting any form of discrimination based on a person's gender, race,religion, sexual orientation, sexual orientation, national orgin, disability or other prohibited factors" Voght said.

The lawsuit describes a corporate culture that blocked womens advancement with a "locker room" and "frat party" atmosphere Women were excluded from informal social networks, and the company kept "gender related classification systems for compensation that disatvanteged Women.

In 2002, she was promoted to replace John Jacob,who retired. Her lawsuit claimed that while Jacob earned $1.25 mil in salary and bonuses in his final year, she she was paid a combined $500K-$300K in salary and a $200 K in Bonus. By 07 Katz was still earning 46% of what Jacob had earned in 01.

This is freaking exhausting I need to get better at posting links:)

 

 

2 Comments – Post Your Own

#1) On October 30, 2009 at 10:03 AM, outoffocus (22.83) wrote:

This is freaking exhausting I need to get better at posting links:)

Its called "ctrl+c then ctrl+v" (copy and paste).

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#2) On October 30, 2009 at 6:01 PM, HarryCarysGhost (99.70) wrote:

The former most powerful woman at Anheuser-Busch InBev SA (NYSE:BUD) has a beef with the brewing giant. Francine Katz, former vice president of communications and consumer affairs, is suing Anheuser, claiming it promotes a "locker room" and "frat-party" atmosphere, and pays women less in salaries and bonuses than men for the same work. The 20-year Anheuser veteran filed suit Monday in state court in St. Louis.

During the $52 billion Euro-U.S. merger of InBev SA and St. Louis' Anheuser-Busch Cos., Katz -- one of two women on the brewer's 17-person strategy committee -- looked at a draft regulatory filing that showed she and the other woman were making less than their male counterparts. The St. Louis Dispatch has details from the lawsuit, which:

alleges that when Katz was promoted in July 2002, she received all the same duties formerly assigned to John Jacob, A-B's retiring executive vice president and chief communications officer. But she did not receive the administrative assistant, office suite with a conference room or the same salary, the suit alleges.

The suit said Jacob was paid a base salary of $605,000 and a bonus of $645,000 in 2001, his last year at A-B. By contrast, Katz received $300,000 in base salary and a bonus of $200,000 in 2002, her first year in the new position.


One could argue that Jacob, 74, simply had more experience than Katz, but the suit also claims a glass ceiling exists and that women have been excluded from informal social networks.

Cost-cutting Anheuser is in the midst of unloading $7 billion in assets, and it's making good progress. But if it loses this suit, the world's No. 1 brewer will have a hard time unloading its tainted image. A statement from Anheuser said that Katz, who left in December, was "compensated fairly for her roles and responsibilities at Anheuser-Busch and treated in compliance with all relevant laws and internal standards." - Baz Hiralal
Nice! thank you outoffocus

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