McDonald's ex-CEO will pay $400,000 for allegedly misleading investors about his firing | CNN Business

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Disgraced former McDonald’s CEO Steve Easterbrook will pay $400,000 to settle charges that he allegedly misled investors about the circumstances of his 2019 firing following a relationship with an employee

. According to the Securities and Exchange Commission, McDonald’s fired Easterbrook for “engaging in an inappropriate personal relationship with a McDonald’s employee in violation of company policy” -— yet the separation agreement claimed “his termination was without cause, which allowed him to retain substantial equity compensation that otherwise would have been forfeited.

The Easterbrook saga The imbroglio that engulfed Easterbrook dates back to 2019, when the fast-food chain’s board fired him after determining he violated company policy by demonstrating “poor judgment involving a recent consensual relationship with an employee.” But that allegedly wasn’t all. In August 2020, McDonald’s filed a lawsuit claiming Easterbrook lied to the board about the extent of his relationships with employees.

 

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That's like 3 Big Macs.

I always love these articles where someone takes advantage of an investor/s, and the money or fine that gets levied/recouped goes to the government…not the person/s that we’re effected…help this make sense please…

Sounds like he gave them a load of McBullshit

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