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

  • 📰 cnni
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

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

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 326. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

McDonald's layoffs: Chicago-based company to lay off some corporate staff, CEO says'Some jobs that are existing today are either going to get moved or those jobs may go away,' CEO Chris Kempczinski said. You know times are getting hard when McDonald's is laying off employees. Cut backs are usually a tell sign. Just saying
Источник: ABC7Chicago - 🏆 284. / 63 Прочитайте больше »