Mikiemo83
09-09-2009, 06:58 PM
As the tab for a Budweiser crept up this year, its executive salaries jumped 92%. Here's why beer is getting more expensive while other food and beverage prices drop.
By Michael Brush
MSN Money
Faced with a deep recession and a terrible job market, more than a few hard-pressed Americans no doubt enjoy the simple pleasure of a cold one after a long day.
But the three biggest beer companies are serving up a little buzz kill with their brew.
Beer prices rose nearly 4% in the first half of the year, and big brewers say prices will keep going up this fall. They're up less than a dollar a case thus far, but it bucks the trend of a 1.5% overall decline in food and beverages prices this year.
And what's the extra dough paying for? Profit growth and pricier commodities used to make beer, the brewers say.
Oh, and at least one other thing: more-expensive executives, whose pay in many cases has nearly doubled over the last year.
Maybe they'll buy the next round.
more (http://articles.moneycentral.msn.com/Investing/CompanyFocus/why-every-cold-beer-costs-you-more.aspx?GT1=33002)
By Michael Brush
MSN Money
Faced with a deep recession and a terrible job market, more than a few hard-pressed Americans no doubt enjoy the simple pleasure of a cold one after a long day.
But the three biggest beer companies are serving up a little buzz kill with their brew.
Beer prices rose nearly 4% in the first half of the year, and big brewers say prices will keep going up this fall. They're up less than a dollar a case thus far, but it bucks the trend of a 1.5% overall decline in food and beverages prices this year.
And what's the extra dough paying for? Profit growth and pricier commodities used to make beer, the brewers say.
Oh, and at least one other thing: more-expensive executives, whose pay in many cases has nearly doubled over the last year.
Maybe they'll buy the next round.
more (http://articles.moneycentral.msn.com/Investing/CompanyFocus/why-every-cold-beer-costs-you-more.aspx?GT1=33002)