McDonald's sues ex-CEO Steve Easterbrook over a $57 million severance - Business Insider

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McDonald's sues ex-CEO Steve Easterbrook over a $57 million severance - Business Insider
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Steve Easterbrook could lose up to $57 million as McDonald's claims the ex-CEO lied about multiple affairs with employees

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McDonald's is suing its ex-chief executive Steve Easterbrook over his multi-million dollar severance agreement.

Executive compensation tracking firm Equilar previously estimated that the severance agreement was worth over $41 million, according to a November 2019 article in. Courtney Yu, the director of research at Equilar, told Business Insider that the value of Easterbrook's severance package has risen since his firing. Now, Equilar estimates that the package is worth $57,319,352 altogether based on the stocks included in the initial severance agreement.

"Had Easterbrook been candid with McDonald's investigators and not concealed evidence, McDonald's would have known that it had legal cause to terminate him in 2019 and would not have agreed that his termination was 'without cause,' McDonald's' lawyers wrote.

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He was such a good CEO, too bad he had issues...

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