MarketGussie Busch
Company Profile

Gussie Busch

August Anheuser "Gussie" Busch Jr. was an American brewing magnate who built the Anheuser-Busch into the largest brewery in the world by 1957; he served as company chairman from 1946 to 1975.

Early life
August Anheuser Busch Jr. was born on March 28, 1899, in St. Louis, Missouri. His father was August Anheuser Busch Sr., the president of Anheuser-Busch. His mother was Alice Zisemann. His paternal grandfather, Adolphus Busch, was the German-born founder of Anheuser-Busch. Wilhelmina Busch (1884–1952) was his aunt. She commissioned the construction of Schloss Höhenried in Bernried in Bavaria in 1937. ==Career==
Career
Anheuser-Busch After learning the family business, Busch became superintendent of Anheuser-Busch brewing operations in 1924 and head of the brewing division after his father's death in 1934. After his older brother Adolphus Busch III died in 1946, August A. Jr. succeeded him as president and CEO. August Busch led the company to become the largest brewery in the world by 1957, surpassing previous leaders Pabst Brewing Company and Joseph Schlitz Brewing Company. He expanded from a single brewery in St. Louis to nine nationwide. By 1973, Anheuser-Busch had annual "aggregate beer sales of 26,522,000 barrels". In May 1975, Busch was forced to step down as CEO and chairman of the company after a boardroom coup led by his son, August Busch III. In prior months, he had become increasingly difficult to work with due to his grief over the loss of his youngest daughter at the end of 1974. He was allowed to remain president of the Cardinals and use the company perks associated with that job only if he represented the move as voluntary on his part. A year after being forced out, Busch considered working with the R. J. Reynolds Tobacco Company on a hostile takeover in an attempt to regain his leadership, but decided he could not be the one to take the company away from the family, a move that was not made public for ten years. The extent to which Busch had been sidelined was not publicly known during his lifetime. Divisions in the Busch family resulting from the coup persisted for decades and played a part in InBev's 2008 takeover of the company. As chairman, president or CEO of the Cardinals from the time the club was purchased by the brewery in 1953 until his death, Busch oversaw a team that won six National League pennants (1964, 1967, 1968, 1982, 1985, and 1987) and three World Series (1964, 1967 and 1982). Although the Cardinals were the dominant baseball team in St. Louis, they did not own their own ballpark. Since 1920, they had rented Sportsman's Park from the St. Louis Browns of the American League. Shortly after buying the Cardinals, Busch bought and extensively renovated the park, renaming it Busch Stadium (but only after a failed attempt to rename it as Budweiser Stadium). The team played there until Busch Memorial Stadium was built in the middle of the 1966 season. In 1984, the Cardinals retired a number, 85, in Busch's honor, which was his age at the time. ==Personal life==
Personal life
Busch married four times, having a total of 11 children. Two of his marriages ended in divorce. His third wife, Gertrude Buholzer (1927–2016), a native of Switzerland, was a Roman Catholic. Their seven children were raised in their mother's faith, and Busch was later received into that church, although the union was dissolved in 1978. His fourth wife, the former Margaret Rohde, died in 1988. His youngest child, by Gertrude Buholzer, daughter Christina Martina Busch, died at the age of eight in a car accident while on her way home from school in December 1974. At the time of his death, his surviving children were Carlota Busch Giersch and Lilly Busch Hermann (wife of Bob Hermann), both daughters of Marie Church Busch; August A. Busch III and Elizabeth Busch Burke (wife of Baseball Hall of Famer Eddie Mathews), both children of Elizabeth Overton Busch; and Adolphus A. Busch III, Beatrice Busch von Gontard, Peter W. Busch, Trudy Busch Valentine, William K. Busch and Andrew D. Busch, all six the children of Gertrude Buholzer Busch. ==Death and legacy==
Death and legacy
Busch died in St. Louis on September 29, 1989, at age 90, of pneumonia. Seven years later in 1996, Anheuser-Busch sold the Cardinals to a group of investors led by William DeWitt Jr. In 2014, the Cardinals announced Busch would be among 22 former players and personnel to be inducted into the St. Louis Cardinals Hall of Fame Museum for the inaugural class of 2014. ==See also==
tickerdossier.comtickerdossier.substack.com