Page 4 - Stephen Easterbrook News Today

The Securities and Exchange Commission is charging McDonald’s former CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances leading to his firing in November 2019

Former McDonalds CEO Stephen Easterbrook has been charged by federal regulators with making false and misleading statements to investors about the extent of his employee romances. 

Stephen Easterbrook, who is the former chief executive officer of McDonald's, was slapped with a fine by the authorities in the United States on Monday (January 9).  The authorities accused him of defrauding investors in connection with his termination in 2019 and further barred him from serving as a public company officer for five years.  Reports mentioned that he agreed to a $400,000 fine. Though, he didn't admit or deny the claims against him under a settlement announced by the US...

In addition to his financial penalty, as part of the settlement, Easterbrook agreed to a five-year ban from serving as an officer or director.

The SEC also charged McDonald’s for shortcomings in its public disclosures about Easterbrook’s termination.

McDonald’s Corp. was also charged by the SEC but there is no financial penalty because it cooperated in investigation,

New York: The US Securities and Exchange Commission (SEC) on Monday charged former McDonald s Corp Chief Executive Stephen Easterbrook with making fal...

Stephen Easterbrook was fired in 2019 after the firm found he had had a consensual relationship with an employee.

The SEC alleges he defrauded the company’s investors by lying about sexual relationships with company subordinates while he was CEO.

Former McDonald’s CEO Stephen Easterbrook has been charged by federal regulators with making false and misleading statements to investors about the circumstances of firing by the burger giant in November 2019.