Tag Archives: Forbes

Down the Drain

Beer-Money-Cover

Beer Money: A Memoir of Privilege and Loss, & The Decline of a Detroit Dynasty by Frances Stroh (Harper, $25.99, 336 pages)

“The house (my father had purchased in New York City when I was six) and most of its contents would soon be gone, just as the brewery was. We’d somehow allowed ourselves to be pinned into place by these things; and in our search for freedom, some of us had self-destructed.”

Despite the title, this poor little rich girl memoir offers no insight into the brewing industry. That’s because Frances Stroh, a one-time partial heir to billions of Stroh Brewery dollars – all of which vanished into thin air, was far removed from the family’s management (and mismanagement) of the company. As with most of these memoirs, Frances did not realize early on how rich her family was. In her bored teen and early adult years she carelessly used and abused alcohol and drugs. And as a grown-up she learned to mourn the fortune she would never acquire.

frances-stroh_650x455

However, the rich are different. Even as Frances writes about Stroh’s going down the drain, she makes sure to inform the reader that she flies first class; she lives in a fine abode in San Francisco. And when her spendthrift brother came to visit her in The City, he’d rent out entire floors of swank hotels for parties and feast on the best food and drink from room service.

Stroh’s was a “beer giant… in the eighties and nineties…” But Frances has no explanation for the Detroit company’s rapid downfall other than to admit, “we’d simply blown it.” Indeed.

Beer Money 2

Beer Money is a pointless, meaningless tale of privileged denial.

Joseph Arellano

A review copy was provided by the publisher. Note: According to Forbes magazine, the Stroh Brewery Company blew through $9 billion in profits. That’s a lot of beer money.

stroh-brewery-familyBIG-IMAGE-1974_1024x576

Advertisements

Leave a comment

Filed under Uncategorized