Ousted McDonald's CEO forced to pay back $105 million after more affairs revealed

[Demovictory9]

ormer McDonald’s CEO Steve Easterbrook agreed to pay the company $105 million over a messy termination lawsuit, the company announced Thursday.

Easterbrook was fired in November 2019 by the McDonald’s board of directors after an investigation revealed the leader of the company was having an affair with an employee.

But Easterbrook was given a golden parachute on his way out the door, a severance package that eventually totaled $105 million.

The package was only available because Easterbrook convinced the board that the “non-physical” relationship that got him fired was his only violation of company policy.

Apparently, the company’s eight-day initial investigation missed some things, because in July 2020 a tipster alerted McDonald’s to more Easterbrook misconduct. McDonald’s launched a more thorough investigation and discovered the CEO was actually having three physical sexual affairs with employees.

McDonald’s then sued Easterbrook over the severance package and for lying about the extent of his misconduct. The settlement announced Thursday was the result of that suit.

https://www.msn.com/en-us/money/companies/ousted-mcdonald-s-ceo-forced-to-pay-back-105-million-after-more-affairs-revealed/ar-AARTw4n

[TreasonousBastard]

1. So, he lied about consensual sffairs snd it cost him 100mil...

But, if he ran the company into the ground he gets a big payday?

[Demovictory9]

2. yes, that's true

[ProfessorGAC]

5. You're Making Me Think Of Sears!

Brennan & his gang of buffoons walked away with huge severance packages after driving the world's biggest retailer into the ditch.
They dropped catalog sales! They made their bones on getting millions of people to buy sight unseen.
They had a very early ISP already established. But, they ignored it.
They could have been Amazon before Bezos got his company off the ground, but instead they ruined the company.
Yet, they tried to convince a BKO judge that executive bonuses needed to be allowed or there would be too much talent flight. The "talent" that drove the company off a cliff.
Then, most still got huge separation packages.
This guy gets dinged for an affair but those idiots got rewarded for overseeing a monumental failure!

[TreasonousBastard]

6. Sears is exactly who I was thinking of. Chrysler's another one...

The list can be extremely long.

[North Shore Chicago]

3. Poor guy

Now he must squeak by with a few hundred million in his off-shore accounts. What will he do?! What will he do?!

[Sherman A1]

4. Chump change to guys like this

Nevertheless happy it’s not in his pocket and he had to pay it back.