US SEC charges McDonald's ex-CEO for misrepresentations to investors - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The US Securities and Exchange Commission (SEC) on Monday charged former McDonald’s Corp Chief Executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination.

Image: REUTERS/Mike BlakeThe US Securities and Exchange Commission on Monday charged former McDonald’s Corp Chief Executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination.

But Easterbrook failed to disclose other additional violations of company policy he committed by engaging in undisclosed relationships with other employees of the fast-food giant, it said. Attorneys for Easterbrook, who consented to the order but did not admit or deny the SEC’s findings, did not respond immediately to calls for comment.

 

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