Page 78 - Steve Easterbrook News Today

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Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive.

Washington, the chain’s largest Black franchisee in the U.S. at one point, operated 14 McDonald’s restaurants at the time he filed his lawsuit.

Company says deal claws back severance valued at more than $105 million, includes apology from Steve Easterbrook

Former McDonald's CEO Steve Easterbrook agreed to return $105 million in stock and cash to end a Delaware Chancery Court lawsuit alleging he secured his severance package by covering up sexual relationships with subordinates, the fast-food giant said Thursday.

McDonald's announced Thursday it had reached a settlement with former CEO Steve Easterbrook, retrieving $105 million of his severance package and securing an apology for his actions over his inappropriate sexual relationships with employees.

Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the

"During my tenure as CEO, I failed at times to uphold McDonalds values and fulfill certain of my responsibilities as a leader of the company," Easterbrook said.

OAK BROOK (dpa-AFX) - Fast-food chain McDonald's said on Thursday that it has settled its lawsuit against former CEO Steve Easterbrook, claiming back his severance payment valued at $105 million.

British former McDonalds CEO Steve Easterbrook agreed to return the sum in the form of cash and equity awards after he was sued for allegedly lying about consensual affairs with three other workers.