Disgraced former McDonald's CEO Steve Easterbrook will repay more than $100 million in severance after settling a lawsuit brought by the fast food giant
Easterbrook was fired in 2019 after the fast food giant's board determined that he violated company policy by demonstrating"poor judgment involving a recent consensual relationship with an employee." In August 2020, McDonald's filed a lawsuit against Easterbrook for lying to the board about the extent of his relationships with employees.Steve Easterbrook in a 2016 photo.
"Easterbrook admitted in the SEC filing that he"failed at times to uphold McDonald's values and fulfill certain of my responsibilities as a leader of the company." He also apologized to the board, former co-workers and the company's franchisees and suppliers.Read MoreThe total amount of his severance package is $105 million in cash and stock. However, it's not clear how much of that is stock or cash.
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