McDonald's sues ex-CEO to recover severance pay millions - News Summed Up

McDonald's sues ex-CEO to recover severance pay millions


Mr Easterbrook - who was fired as chief executive officer in November "without cause" - had originally admitted to having a consensual relationship with an employee. It concluded he had been involved in sexual relationships with three additional company employees before his exit, according to a company filing yesterday. Chris Kempczinski, who took over as CEO when Mr Easterbrook was pushed out, alerted company employees about the action yesterday. Mr Easterbrook got $675,000 (€573,000) in severance and health insurance benefits and stock awards that were valued at more than $37m. "They are indisputable evidence that Mr Easterbrook lied during the investigation into his behaviour in October 2019."


Source: Irish Independent August 11, 2020 01:30 UTC



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