Page 83 - Steve Easterbrook News Today

To embed, copy and paste the code into your website or blog: A weekslong slide for Bitcoin and other cryptos turned into a “frenzied selloff” on Wednesday, crashing the digital currencies back to earth after what had been a pandemic year of impressive gains. The plunge [and whipsaw almost-rally] once again raised questions about cryptos’ viability as “a significant asset class in their own right,” and coincided with another drop across the board in markets “as investors broadly re...

In August, McDonalds filed suit against Easterbrook to claw back that package, alleging that he lied about having additional relationships with employees. The lawsuit has opened McDonalds up to questions and criticism of the boards original investigation into Easterbrook, like why the third-party inquiry was wrapped up in a week and why investigators didnt check the companys servers for more evidence. In response, CtW Investment Group, which works with pension funds sponsored by affiliates of u...

CEO pay schemes targeted by stockholders, judges, unions

McDonalds Franchisees Blame Hiring Challenges on Unemployment Benefits and Say an Inflationary Time Bomb Will Force Them to Hike Big Mac Prices The National Owners Association, an independent group of McDonalds franchisees, sent a letter to its members on Sunday that blamed hiring challenges on the "perverse effects of the current unemployment benefits." This story originally appeared on Business Insider Some McDonalds franchisees say enhanced unemployment benefits are driving ...

AP An independent group of McDonalds franchisees blamed labor shortages on unemployment benefits. "When people can make more staying at home than going to work, they will stay at home," it said. The group said the result would be higher wages and higher menu prices. Some McDonalds franchisees say enhanced unemployment benefits are driving a struggle to find and hire workers. The National Owners Association, an independent group of McDonalds franchisees, sent a lett...

McDonald’s board members sued over ‘lavish’ $56 million severance for fired CEO Easterbrook Robert Channick, Chicago Tribune © Stacey Wescott/Chicago Tribune Steve Easterbrook, then president and CEO of McDonalds Corp., speaks June 4, 2018, at the grand opening of McDonalds headquarters in the Fulton Market district of Chicago. Nine members of McDonald’s board of directors have been hit with a shareholder lawsuit over $56 million in severance and compensation paid to ...

Easterbrook was fired from the fast-food giant in late 2019 after he violated company policy by having a consensual relationship with an employee.  His termination was categorized as “without cause,” meaning he wasn’t barred from receiving exit payments. But then in August, McDonald’s changed course. The Chicago-based company sued Easterbrook to recover severance and compensation after discovering he had sexual relationships with multiple employees, tried to cover them up and arranged...

Jim Watson/AFP via Getty Images In 2015, when President Barack Obama signed the US on to the Paris climate agreement, he did what all participating nations must do and made an emissions reductions pledge: The US would reduce its emissions 26 to 28 percent from 2005 levels by 2025. That is not, contrary to some of the more enthusiastic headlines, a doubling of Obama’s target or a halving of current emissions. It is a relatively modest boost in ambition and a halving of 2005’s much higher emi...

On Monday, CtW Investment Group and New York City Comptroller Scott Stringer will release a letter calling for McDonalds Chairman Enrique Hernandez, Jr. and Compensation Committee Chair Richard Lenny to be removed from the board.  The investors are calling for Hernandez and Lennys removal because they consider them "most responsible for the Boards flawed and mismanaged investigation into former CEO Steve Easterbrook," according to a copy of the letter viewed by Insider.  In a statement on the...

(AP Photo/Keith Srakocic) Two million employees of McDonald’s worldwide will be required to participate in anti-harassment, anti-violence, and anti-discrimination training. McDonald’s President and CEO Chris Kempczinski told the Associated Press that this is “what society is expecting.” Do you want fries with that? The worldwide outreach to provide additional, targeted personnel training is in order to provide “a safe and respectful workplace where people feel like they’re going to...