Answers to AMA Member Challenge
August 2008
Which iconic U.S. brewery may have to change its slogan to “This Bud’s pour vous” after its proposed takeover by Belgian brewer InBev?
- Coors
- Stella Artois
- Anheuser-Busch
- Pabst
Correct answer: Anheuser-Busch. The beer giant, maker of Budweiser and Bud Light, has accepted a $52 billion takeover offer from InBev SA, the maker of Stella Artois and Beck’s and the world’s second largest beer-maker. The newly formed company, to be called Anheuser-Busch-InBev, would become the world’s largest brewer.
2. Hotelier/real estate magnate Leona Helmsley showed her disdain for her best friends and family, earmarking the bulk of her $5–8 billion estate for the welfare of whom?
- Dogs
- Retired hotel employees
- Alien life forms
- African orphans
Correct answer: Dogs. Helmsley, who died in August 2007, left $12 million to her dog Trouble (since reduced to $2 million) and nothing to two of her grandchildren (since revised to $6 million each). Her vast estate will become one of the largest foundations in the U.S.
3. Which country has an Olympian presence on Fortune’s latest Global 500 list, with an unprecedented 29 companies, including Lenovo and Sinopec?
- Brazil
- China
- Swaziland
- Russia
Correct answer: China. The highest-ranking Chinese company on this year’s Global 500 list is petrochemical giant Sinopec, at no. 16. China is clearly on the rise: its 29 companies on the list equals the number of entries of Italy, Spain, and Australia combined.
4. Which two members of the G8 nations, which met recently in Japan, were NOT original members of the G6 when it first met in 1975 to tackle global challenges?
- Canada and Russia
- Vietnam and China
- USA and Canada
- Switzerland and Mexico
Correct answer: Canada and Russia. The original G6 nations were France, Germany, Italy, Japan, UK, and USA. Canada joined the group in 1976; Russia in 1998. Together, the G8 countries represent about 65% of the world economy. Some speculate that China may be the next country to join the group.
5. A New York Court ruled that Richard A. Grasso could keep the $139.5 million he was paid as the head of what Wall Street institution from 1995 through 2003?
- Goldman Sachs
- New York Stock Exchange
- Chicago Board of Trade
- NAQDAS
Correct answer: New York Stock Exchange. The New York State Appellate decision overturned a lower court’s ruling that Mr. Grasso return more than $100 million of his compensation. According to the New York Times, the decision was based not on whether Mr. Grasso’s pay was unreasonable but on the exchange’s merger with Archipelago Holdings in 2006, which made it a public company.
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