BusinessCommerce

McDonald’s CEO Steve Easterbrook fired for dating an employee

American fast-food giant McDonald’s have fired their chief executive Steve Easterbrook after it was revealed that he had a romantic relationship with an employee. It is believed that the relationship was consensual, but Mr Easterbrook “violated company policy” and showed “poor judgement” in electing to pursue the romance.

The businessman, who is British earned around $16m (£12.3m) in 2018 and will receive 26 weeks salary in exchange for his dismissal. He is also eligible for a bonus, if the brand reaches its performance goals. Financial publication Bloomberg estimate that he could earn as much as $37m from his former post, the bulk of which is held in shares. In exchange, Mr Easterbrook has signed an agreement that prohibits him from working with a competitor for at least two years.

Sign up for our Newsletter and
stay informed

Leave a Reply

Your email address will not be published. Required fields are marked *