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Former McDonald’s CEO Steve Easterbrook has returned $105 million severance payment after the company announced on Dec. 16 that ...
In August, McDonald's filed suit against Easterbrook to claw back that package, alleging that he lied about having additional relationships with employees. The lawsuit has opened McDonald's up to questions and criticism of the board's original investigation into Easterbrook, like why the third-party inquiry was wrapped up in a week and why investigators didn't check the company's servers for more evidence. In response, CtW Investment Group, which works with pension funds sponsored by affiliates of unions, and New York City Comptroller Scott Stringer have campaigned against reelecting the boar...
ADVERTISEMENT ADVERTISEMENT McDonald's Board Sued Over Ex-CEO's Affair Scandal Losses Law360 (April 21, 2021, 9:40 PM EDT) -- The Teamsters have sued nine McDonald's board members in Delaware's Chancery Court, accusing them of breaching their fiduciary duty when they allowed former McDonald's CEO Stephen Easterbrook to waltz off with a separation package purportedly worth $56 million after being fired for having an improper relationship with a subordinate. Teamsters Local 237 Additional Security Fund and two affiliates lobbed a shareholder derivative lawsuit late Tuesday accusing certain boa...