By | February 18 2013 12:20 AM

Maker’s Mark, a unit of Beam Inc. (NYSE:BEAM), announced last week it planned to water down its iconic bourbon -- to 42 percent, or 84 proof, from 45 percent, or 90 proof, as a way to boost the supply of the liquid gold to meet the rising demand for it. Fans were outraged, and the distiller has apologized for its now-abandoned plan.