this post was submitted on 11 Jan 2025
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United States | News & Politics
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Coors Family ≠ Molson Coors
The Coors family are indeed pieces of shit, but they own ~10% of the company. The company is mostly owned by institutional investors. Don't get facts mixed. Coors family is shit? Fact. Molson Coors was a champion of inclusivity? Also fact. These are not mutually exclusive.
This is an (unintentional) euphemism for "the company is mostly owned by regular middle-class folks via the mutual funds in their retirement accounts, but the Vanguard/Blackrock/Fidelity/etc. fund managers have stolen their shareholder voting rights."
Personally I can't abstract the history of it being a fascist beer, just because it merged with a less fascist beer and various grand children sold their shares so they only own a tenth of the company their grandpa was using to fund the modern conservative movement that seeks to dismantle the very inclusivity it was offering to it's own employees.
I just can't square the circle there, maybe they were mitagating some of the damage they were causing by being inclusive, but calling them heroes is a bit rich for me.