Events Calendar
In This Section
Hospital connects to patients online
AutoZone to replace Blockbuster in West Akron
Gains in financials, material stocks lift market
Jobless claims indicate economy remains weak
Citigroup shuffles executives, former CFO leaving
GM, Chrysler fight reopening of closed dealerships
YRC, Teamsters reach tentative deal on concessions
Most Read Stories
Akron police investigate teen mob attack on family
Woman, 75, charged with beating fawn to death
Akron woman found dead at Brimfield Township store
Man shot outside his Akron home during robbery attempt
Man shot in back near Akron park
Suspect sought in Portage Path bar robbery
Tragic day puts man on path to be Pinnacle owner
Blogs:
Pets:
Dogs' Bark: Not fair! Study shows pups get jealous
The Heldenfiles:
HTTP Error 403
Patrick McManamon:
More on Varejao
Akron Zips:
Opponent outlook: Kent State
Browns Bulletin:
Quick thought on Browns rookies
Tribe Matters:
Wedge challenges relievers
Cleveland Browns:
Stallworth test showed marijuana
Kent State Sports:
Men's Basketball Scheduling update
Cleveland Cavaliers:
Andy’s Signed According to ESPN
All Da King's Men:
Does Medicare Have Lower Administrative Costs ?
Blog of Mass Destruction:
CIA Did Mislead Congress
Akron Law Café:
Breaking Story: CIA Lied to Congress about Secret Program
Varsity Letters:
East basketball update
See Jane Style:
Oh Baby!
Car Chase:
Where do We Go from Here?
Let's Talk Real Estate:
Closings….Not the Good Kind!
Ohio Travels with Betty:
Margy inquires-when is a Taste of Hudson?
Sound Check:
LeVert II live performance Saturday night — "Dedication" album due July 13,
HRLite House:
DDI One of Best Places to Work
Akron Gamer:
First 24 'Guitar Hero 5' songs announced
CEO of world's largest brewer has distaste for perks, takes low profile and cuts costs
By Aoife White
Associated Press
Published on Sunday, Aug 03, 2008
BRUSSELS, BELGIUM: The man who would be King of Beers is a no-frills leader without a company car or even his own desk.
Carlos Brito, chief executive of brewer InBev SA, says he doesn't care for perks — and neither should the people who work for him.
''I don't want the company to give me free beer; I can buy my own beer,'' he told Stanford MBA students earlier this year.
Brito, who will be leading Anheuser-Busch after the company agreed to InBev's $52 billion takeover offer, has been described as ''an American-style'' manager who is fiercely private and admits himself that he did not always get ''the people thing,'' when he started off in sales.
Anheuser-Busch is a perked-up company with corporate jets for executives and free beer for the workers — as well as generous donations to local communities and politicians. Similar employee extras at Belgium's Interbrew vanished when it merged with Brito's Brazil-based AmBev in 2004.
''His reputation precedes him as a no-frills, no-thrills severe cost-cutter,'' said Eric Shepard, editor of beer industry newsletter Beer Marketer's Insights.
Brito rarely grants interviews and is reticent with the press, sticking to a few standard lines when he must face the camera for InBev's annual results or shareholders' meetings. The company refused to even confirm whether he was married with four children, saying ''We don't give details on his private life.''
Alberto Cerqueira Lima, a former colleague of Brito's at Brazilian brewer Brahma and now head of a Massachusetts-based market research firm, said ''if he could, he would remain anonymous,'' describing Brito as a ''workaholic and a methodical and pragmatic executive.''
He showed himself to be a careful businessman who kept his cool during a difficult monthlong courtship of Anheuser-Busch when both companies threatened to start a hostile battle.
''He says the right things,'' said Shepard. ''He knew the kind of backlash that he was going to get and I don't think he ever betrayed any sort of hostility even as they were making hostile moves.''
''Publicly, he maintained that he wanted a friendly combination and ultimately that's what he got,'' he said.
World's largest brewer
The new company will create the world's largest beer company, turning out major brands such as Budweiser and Stella Artois. InBev's focus on carving costs made it the world's most profitable brewer, wringing profit from stagnant markets and winning admiration from shareholders and the rest of the industry — but angering workers.
''It's quite an American style compared to the Western European standard,'' said Kris Kippers, an analyst at Belgian investment firm Petercam. ''He's really an American-style manager; those who deliver, who do good work, are rewarded.''
Born in 1960, Brito studied mechanical engineering in Rio de Janeiro and applied to several U.S. universities for a master's in business administration. He was accepted by several — but could not pay his way.
A family friend put him in touch with Brazilian investment banker and billionaire Jorge Paulo Lemann, who told Brito he would pay for his graduate studies at Stanford.
''All he wanted in return were periodic reports and clippings from the United States to keep him up to date with what was going on there,'' said Cerqueira Lima. ''Brito insisted on knowing how he would pay Lemann back and Lemann said, 'I do not want to be paid back. One day you will do for others what I am doing for you.' ''
Lemann put Brito to work at Brahma when he bought it in 1989, later merging it with another beer company, Antarctica, to form AmBev.
He first saw a promotion from head of sales to head of operations — in charge of workers and manufacturing — as a step down. But he says he surprised himself by enjoying managing people and coming to understand how they were at the heart of the business.
Brito had been head of InBev's North American business for just over a year when he became CEO in 2005, as the Brazilian team took the reins of the company and rolled out zero-based budgeting that forces managers to justify every expense.
Doesn't want perks
He doesn't have his own personal assistant or company car and shares a desk with top finance, marketing and human resources executives in an open office that he says allows dozens of two-minute meetings to discuss the business throughout the day. Hiding behind an office door is for the mediocre, he claims.
Brito admits that InBev's Spartan style can make it difficult to attract experienced staff because few enjoy its ''more risk, more reward-type environment.''
''It is very hard to find people that will be excited about the way we are trying to build the business, but once you find them they get really connected to the company, they cannot work anywhere else because they love this kind of openness and candor,'' he told the Stanford students.
InBev prefers to hire young graduates and promote from within on merit instead of seniority, he said.
Talented people want to work for successful companies that are growing and generating new career opportunities, he said: ''You want to build something that's better than you.''
BRUSSELS, BELGIUM: The man who would be King of Beers is a no-frills leader without a company car or even his own desk.
Get the full article here.
Comments
Click here to post your comments
