Former McDonald's CEO <br />Ordered To Repay Company, $105 Million in Compensation.<br />Steve Easterbrook was forced to leave his position as CEO of McDonald's in 2019...<br />... after it was discovered he'd had a consensual but inappropriate relationship with one of his subordinates.<br />He was not fired "for cause" <br />though, because the board <br />hoped to avoid an <br />expensive court battle.<br />An executive that is fired "for cause" indicates some form of dishonesty has occurred in relation to their position.<br />It was subsequently revealed that Easterbrook had a sexual relationship with an additional subordinate.<br />and had gifted one of <br />the women McDonald's <br />shares equating to hundreds <br />of thousands of dollars.<br />McDonald's sued Easterbrook which has resulted in the repayment.<br />Easterbrook also issued an apology to company employees.<br />During my tenure as CEO, I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company, Steve Easterbrook, Former McDonald's CEO, <br />via 'The New York Times'.<br />I apologize to my former co-workers, the board, and the company’s franchisees and suppliers for doing so, Steve Easterbrook, Former McDonald's CEO, <br />via 'The New York Times'.<br />McDonald's Chairman Enrique <br />Hernandez Jr. released a statement <br />regarding the payback that seemed <br />to urge the company to move forward. .<br />While Steve’s misconduct need not be forgiven by any member of this community, .., Enrique Hernandez Jr., McDonald’s Chairman, <br />via 'The New York Times'.<br />... he has apologized to his former co-workers, franchisees, suppliers and the board for the profound errors he made. , Enrique Hernandez Jr., McDonald’s Chairman, <br />via 'The New York Times'.<br />Today’s resolution avoids a protracted court process and moves us beyond a chapter that belongs in our past, Enrique Hernandez Jr., McDonald’s Chairman, <br />via 'The New York Times'
