Former McDonald’s CEO will return $ 105 million to the company

by time news

Former McDonald’s CEO Steve Easterbrook settled a lawsuit with a corporation, from which he was fired for an affair with an employee. McDonald’s announced this on Thursday in a document filed with the US Securities and Exchange Commission. In accordance with the agreement, Mr. Easterbrook will return McDonald’s $ 105 million, paid to him when he left the company, and will also officially apologize.

Recall that Mr. Easterbrook had to leave the post of CEO of McDonald’s in 2019 after it became known about his affair with one of the employees. McDonald’s sued him last August. The corporation accused Mr. Easterbrook of hiding during an internal investigation into an affair with this employee (with whom he did not have sexual intercourse) that he had had sexual relations with two other employees. McDonald’s said that the former CEO lied, and if the company knew about the extent of his “inappropriate personal behavior”, he would have been fired for these violations, not by agreement of the parties, as it was eventually done, and demanded compensation for the to him when leaving the amount. Then he was paid $ 42 million, including in McDonald’s shares, and since they have grown since then, the parties agreed to pay $ 105 million.

Yana Rozhdestvenskaya

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