Former McDonald's CEO Pays $105 Million to Settle Lawsuit Over Inappropriate Relationships With Employees

Steve Easterbrook, the former CEO of McDonald's, returned $105 million in cash and stock to the company to settle a lawsuit.

The images were provided by the company.

The way in which Steve Easterbrook exploited his position as CEO was held accountable by the settlement.

Easterbrook was removed from the company for having an inappropriate relationship with an employee. The executive left the company with a huge package of money, assuming that his relationship with his boss was the only violation of the company.
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The investigation into the ex-CEO was reopened in July 2020 after it was revealed that he had other sexual relationships with employees. The company found evidence of relationships with three other employees in the form of sexually explicit photographs, which Easterbrook allegedly sent from his work to his personal account. McDonald's discovered that Easterbrook gave hundreds of thousands of dollars worth of stock to one of the employees while they were involved.

McDonald's took legal action against Easterbrook. The lawsuit states that the company would not have agreed to the terms of Easterbrook's separation agreement if he had not lied about his indiscretions.

It seems that the lawsuit has reached a conclusion after the former CEO gave back his severance.

McDonald's and its board of directors value doing the right thing and putting customers and people first. I failed to uphold McDonald's values and fulfill certain of my responsibilities as a leader of the company during my tenure as CEO. I apologize to my former co-workers, the board, and the company's suppliers.

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