The former chief executive of McDonald’s returned $105 million in cash and stock to the fast-food giant in a historic settlement that comes two …
The former chief executive of McDonald’s returned $105 million in cash and stock to the fast-food giant in a historic settlement that comes two years after he was fired for having a sexual relationship with an underling at the company. The nine-digit clawback from Steve Easterbrook — which represents the severance he was given to walk away from the company in November 2019 after his affair was revealed – was accompanied by an apology from the former CEO. That’s because McDonald’s later discovered that Easterbrook had lied to the board about other sexual relationships he had with female employees during its investigation. The company sued him to get the money back. “McDonald’s and its Board of Directors value doing the right thing and putting customers and people first,” Easterbrook said in a written apology on Thursday.
