McDonald's former CEO agrees to pay $52.7M in SEC settlement [Video]
The SEC alleges he defrauded the company’s investors by lying about sexual relationships with company subordinates while he was CEO.
Stay updated with breaking news from Stephen Easterbrook. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The SEC alleges he defrauded the company’s investors by lying about sexual relationships with company subordinates while he was CEO.
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 hit former CEO Stephen Easterbrook with a five-year officer and director bar and a $400,000 civil penalty.
Former McDonald's CEO Stephen Easterbrook has been charged by federal regulators with making false and misleading statements to investors about his termination by the burger giant in November 2019.
Stephen Easterbrook, a former CEO of McDonald's, has been fined $400,000 by the Securities and Exchange Commission for making misleading and false statements to investors. The statements related to his firing four years ago over a relationship with an employee…