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%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: ABC7Chicago - 🏆 284. / 63 Read more »