- December 17, 2021
- Posted by: Stratford Team
- Category: Business
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Former McDonald’s CEO Steve Easterbrook has returned more than $105 million in equity awards and cash to the fast-food chain as part of a settlement to resolve allegations that he lied about the extent of his misconduct while serving as its top executive.
Ticker Security Last Change Change % MCD MCDONALD’S CORP. 261.70 -3.85 -1.45%
“During my tenure as CEO, I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” Easterbrook said in a prepared statement issued by McDonald’s on Thursday. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for doing so.”
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In this July 26, 2017, file photo, then-McDonald’s CEO Steve Easterbrook is interviewed at the New York Stock Exchange. (AP Photo/Richard Drew)
Easterbrook was fired from…
