McDonald's disgraced CEO, Peloton sales, Whole Foods workers protest - Business Insider

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Insider Retail: The rise and fall of McDonald's CEO, Peloton's pandemic sales skyrocket, and Whole Foods worker protest a new policy

It's been a busy week as always on the retail team. If this is your first time reading Insider Retail, welcome to Business Insider's weekly round-up of everything that's happening in restaurants and retail. If you haven't already subscribed, you can do soto get this newsletter — from me, Kate Taylor, and my colleague, Shoshy Ciment — in your inbox every Friday.

Now, if you will let me write a bit about a story that I have been obsessed with for the last month... I spent the last few weeks digging into the rise and fall of former McDonald's CEO Steve Easterbrook, who is currently being sued by the company. What I found is essentially a fast-food soap opera, complete with sex scandals, cover-ups, and office politics that are comparable to "the court of Henry VIII," as one source put it.

Denise Paleothodoros, Easterbrook's ex-girlfriend, told me their relationship eroded as he began to socialize more frequently with a group of men within the McDonald's system after he became CEO. An ex-McDonald's employee told me Easterbrook and his crew were known for hanging out in the so-called Viagra Triangle, a neighborhood filled with bars where older wealthy men pick up younger women.

McDonald's recently revealed its former head of HR was fired shortly after Easterbrook's termination for making women uncomfortable. "We just thought he was a sad man who drank too much and weirdly didn't have friends outside of people who worked for him," an employee on the global HR team told me. McDonald's new CEO Chris Kempczinski is all about values. His reputation is so squeaky clean that a source told me that he was internally referred to by some as the human version of the McDonald's vanilla ice cream cone. But, some insiders still don't trust him.

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