The former CEO of McDonald's, from Watford, allegedly had multiple improper relationships with McDonald's workers.
Former McDonald’s chief executive officer Stephen Easterbrook, from Watford, was allegedly fired for engaging in an inappropriate personal relationship.
Stephen Easterbrook was ousted in November 2019 for engaging in an inappropriate personal relationship with a McDonald’s employee in violation of company policy, the Securities and Exchange Commission said on Monday. McDonald’s found through an internal investigation that Mr Easterbrook had allegedly engaged in other undisclosed, improper relationships with additional McDonald’s workers in July 2020.
“When corporate officers corrupt internal processes to manage their personal reputations or line their own pockets, they breach their fundamental duties to shareholders, who are entitled to transparency and fair dealing from executives,” said Gurbir Grewal, the SEC director of the Division of Enforcement.“By allegedly concealing the extent of his misconduct during the company’s internal investigation, Easterbrook broke that trust with and ultimately misled shareholders.
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