August Busch III
Encyclopedia
August Anheuser Busch III (born June 16, 1937) is the great-grandson of Anheuser-Busch
founder Adolphus Busch
and was the company's Chairman until November 30, 2006. August Busch III is informally known as "Auggie" and as "The Third" or "Three Sticks" by subordinates and employees at Anheuser-Busch.
He is the father of the current Board Member of Anheuser-Busch InBev
, August Busch IV
.
Companies, Inc. (ABC) from 1974 until June 2002, and Chief Executive Officer of ABC from 1975 until June 2002. He was Chairman of the Board of Directors of ABC from 1977-2006.
He was succeeded as the head of day-to-day operational head of Anheuser-Busch by Patrick Stokes. Stokes' tenure marked the first time in the history of the company that a non-Busch family member ran the day to day operations. Busch also conferred the chairmanship to Stokes effective December 1, 2006. He retired from their executive functions at the company on November 30, 2006. The Third will continue to serve on Anheuser-Busch's board.
He has been a Director of AT&T Inc. since October 1983. He served as a Director of Southwestern Bell Telephone Company from 1980 to 1983. The CEO of SBC/AT&T, Ed Whitacre, simultaneously served on the board of A-B. They were joined on both boards by Charlie Knight, the CEO of Emerson Electric. Whitacre also served on the board of Emerson. Busch voted to approve $115 million of pay for Whitacre in a five year period. Augie is Chairman of the Anheuser-Busch Corporate Governance and Nominating Committee and a member of the Corporate Development Committee and the Executive Committee.
As of 2007, Busch remains a Director of A-B headquartered in St. Louis, Missouri) and Emerson Electric Co.; and an Advisory Member of the Board of Directors of Grupo Modelo
, S.A. de C.V.
and Susan Busch-Transou. His second wife, Virginia, who is a practicing attorney is the mother of his younger two children Steven Busch and Virginia "Ginny" Busch.
Unlike his father Gussie Busch
, August III has been a lifelong supporter of the Republican Party
, and a friend, ally, and financial supporter to Senator John McCain
(R-AZ) and President George W. Bush
. August III's eldest son, August A. Busch IV is a strong supporter of Democratic Party
politics, just like his grandfather Gussie.
All four of his children are involved in the business functions of Anheuser-Busch to varying degrees: August IV was the president and CEO of the Anheuser-Busch Companies, Inc.; Susie Busch-Transou and her husband, Tripp, own Tri-Eagle Sales, a distributorship near Tallahassee, Florida; Steven Busch was his father's executive assistant and now owns Krey Distributing Company in St. Peters, Missouri; Ginny Busch is employed by Busch Entertainment Company (BEC), working closely with A-B's SeaWorld
and Busch Gardens
family theme park businesses. Both August A. Busch III and August A. Busch Jr. were inducted into to the Junior Achievement
U.S. Business Hall of fame in 2005.
August Anheuser Busch III was responsible for the donation of Mike IV, the live Bengal Tiger mascot of Louisiana State University
in 1974. Mike IV, originally Jerry, was born at Busch Gardens
in Tampa
, Florida
.
Anheuser-Busch
Anheuser-Busch Companies, Inc. , is an American brewing company. The company operates 12 breweries in the United States and 18 in other countries. It was, until December 2009, also one of America's largest theme park operators; operating ten theme parks across the United States through the...
founder Adolphus Busch
Adolphus Busch
Colonel Adolphus Busch was the German-born co-founder of Anheuser-Busch with his father-in-law, Eberhard Anheuser. His great-great-grandson, August Busch IV is now on the board of Anheuser-Busch InBev.-Biography:...
and was the company's Chairman until November 30, 2006. August Busch III is informally known as "Auggie" and as "The Third" or "Three Sticks" by subordinates and employees at Anheuser-Busch.
He is the father of the current Board Member of Anheuser-Busch InBev
Anheuser-Busch InBev
Anheuser-Busch InBev N.V. is a Belgian-Brazilian publicly-traded company, based in Leuven, Belgium. It is the largest global brewer with nearly 25% global market share and one of the world's top five consumer products companies by EBITA....
, August Busch IV
August Busch IV
August Anheuser Busch IV is the former CEO of Anheuser-Busch who ended the family control of the company in 2008 when it was sold to InBev.-Early life:...
.
Leadership at Anheuser-Busch
August Busch III served as President of the Anheuser-BuschAnheuser-Busch
Anheuser-Busch Companies, Inc. , is an American brewing company. The company operates 12 breweries in the United States and 18 in other countries. It was, until December 2009, also one of America's largest theme park operators; operating ten theme parks across the United States through the...
Companies, Inc. (ABC) from 1974 until June 2002, and Chief Executive Officer of ABC from 1975 until June 2002. He was Chairman of the Board of Directors of ABC from 1977-2006.
He was succeeded as the head of day-to-day operational head of Anheuser-Busch by Patrick Stokes. Stokes' tenure marked the first time in the history of the company that a non-Busch family member ran the day to day operations. Busch also conferred the chairmanship to Stokes effective December 1, 2006. He retired from their executive functions at the company on November 30, 2006. The Third will continue to serve on Anheuser-Busch's board.
He has been a Director of AT&T Inc. since October 1983. He served as a Director of Southwestern Bell Telephone Company from 1980 to 1983. The CEO of SBC/AT&T, Ed Whitacre, simultaneously served on the board of A-B. They were joined on both boards by Charlie Knight, the CEO of Emerson Electric. Whitacre also served on the board of Emerson. Busch voted to approve $115 million of pay for Whitacre in a five year period. Augie is Chairman of the Anheuser-Busch Corporate Governance and Nominating Committee and a member of the Corporate Development Committee and the Executive Committee.
As of 2007, Busch remains a Director of A-B headquartered in St. Louis, Missouri) and Emerson Electric Co.; and an Advisory Member of the Board of Directors of Grupo Modelo
Grupo Modelo
Grupo Modelo is a large brewery in Mexico, It has 63% of the Mexican beer market, and exports beer to the United Kingdom, United States and Canada . Its export brands include Corona, Modelo, and Pacífico...
, S.A. de C.V.
Background
August Anheuser Busch III was born in St. Louis, Missouri on June 16, 1937. He has been married twice. His first wife, Susan, is the mother of his two older children August Anheuser Busch IVAugust Busch IV
August Anheuser Busch IV is the former CEO of Anheuser-Busch who ended the family control of the company in 2008 when it was sold to InBev.-Early life:...
and Susan Busch-Transou. His second wife, Virginia, who is a practicing attorney is the mother of his younger two children Steven Busch and Virginia "Ginny" Busch.
Unlike his father Gussie Busch
Gussie Busch
August "Gussie" Anheuser Busch, Jr. was an American brewing magnate who built the Anheuser-Busch Companies into the largest brewery in the world as company chairman from 1946–75, and became a prominent sportsman as owner of the St...
, August III has been a lifelong supporter of the Republican Party
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...
, and a friend, ally, and financial supporter to Senator John McCain
John McCain
John Sidney McCain III is the senior United States Senator from Arizona. He was the Republican nominee for president in the 2008 United States election....
(R-AZ) and President George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
. August III's eldest son, August A. Busch IV is a strong supporter of Democratic Party
Democratic Party (United States)
The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous...
politics, just like his grandfather Gussie.
All four of his children are involved in the business functions of Anheuser-Busch to varying degrees: August IV was the president and CEO of the Anheuser-Busch Companies, Inc.; Susie Busch-Transou and her husband, Tripp, own Tri-Eagle Sales, a distributorship near Tallahassee, Florida; Steven Busch was his father's executive assistant and now owns Krey Distributing Company in St. Peters, Missouri; Ginny Busch is employed by Busch Entertainment Company (BEC), working closely with A-B's SeaWorld
SeaWorld
SeaWorld is a United States chain of marine mammal parks, oceanariums, and animal theme parks owned by SeaWorld Parks & Entertainment. The parks feature captive orca, sea lion, and dolphin shows and zoological displays featuring various other marine animals. There are operations in Orlando,...
and Busch Gardens
Busch Gardens
Busch Gardens is the name of two amusement parks in the United States, owned and operated by SeaWorld Parks & Entertainment, a division of Blackstone Group. One of the parks is in Williamsburg, Virginia, and the other is in Tampa, Florida...
family theme park businesses. Both August A. Busch III and August A. Busch Jr. were inducted into to the Junior Achievement
Junior Achievement
Junior Achievement or JA or JA Worldwide is a non-profit youth organization that was founded in 1919 by Horace A. Moses, Theodore Vail, and senator Winthrop M. Crane. JA focuses on educating kids in K-12 about the free enterprise system...
U.S. Business Hall of fame in 2005.
August Anheuser Busch III was responsible for the donation of Mike IV, the live Bengal Tiger mascot of Louisiana State University
Louisiana State University
Louisiana State University and Agricultural and Mechanical College, most often referred to as Louisiana State University, or LSU, is a public coeducational university located in Baton Rouge, Louisiana. The University was founded in 1853 in what is now known as Pineville, Louisiana, under the name...
in 1974. Mike IV, originally Jerry, was born at Busch Gardens
Busch Gardens
Busch Gardens is the name of two amusement parks in the United States, owned and operated by SeaWorld Parks & Entertainment, a division of Blackstone Group. One of the parks is in Williamsburg, Virginia, and the other is in Tampa, Florida...
in Tampa
Tâmpa
Tâmpa may refer to several villages in Romania:* Tâmpa, a village in Băcia Commune, Hunedoara County* Tâmpa, a village in Miercurea Nirajului, Mureş County* Tâmpa, a mountain in Braşov city...
, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
.