Word: abbed
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...high school disparity is evident among those who take the Advanced Placement Computer Science A and AB exams. According to data from the CollegeBoard, 84 percent of test-takers were male when the test was given...
...jobs on the chopping block in Europe - 10% of AB InBev's total European workforce - may be a mere ripple compared with the tidal wave of layoffs around the world in the past year. But the proposed cuts - about a third of which would be in Belgium - follow the company's announcement of profits of $1.55 billion in the third quarter of last year. This has angered the Belgian unions, which are taking a stand against what they see as an affront to the country's beer-making tradition. "This is the ugly face of capitalism," says Roger Van Vlasselaer...
...company sees things differently. Although its headquarters are in Leuven, where AB InBev can trace its brewing roots back to 1366, the firm's power brokers are Brazilian investment bankers who manage a global empire with a workforce of 120,000 and more than 200 brands of beer, including Beck's, Labatt, Bass and Löwenbräu. It has expanded rapidly, following a series of rapacious mergers and acquisitions in recent years, most notably its takeover of Budweiser brewer Anheuser-Busch in 2008 - after which InBev became AB InBev. But that move also saddled the company with huge...
...biggest problem AB InBev faces is the downward trend in beer consumption in Europe. The company says European drinkers have been gradually switching to wine and spirits in recent years, causing sales of beer to decline sharply. In beer-loving Belgium, the problem has been particularly acute: beer sales plummeted 20% from 2000 to 2008. One reason for this, according to the market-research firm Euromonitor International, is that the Belgian population is aging and thus less likely to go out to bars to drink. And the trend shows little sign of reversing. Fifty years ago, the average Belgian drank...
...AB InBev won a court ruling to end the blockade. The company's management says it still prefers to seek a negotiated solution with its workers, but the unions have threatened a full strike if the ruling is enforced. In the end, there is probably little the unions can do to prevent the job cuts, says Theo Vervloet, chairman of the Belgian Brewers trade association. "AB InBev is thinking on a bigger scale and wants to go for volume rather than quality," he says. In other words, AB InBev is focusing on a grand strategy, which means that what happens...