SEC fines former McDonald's CEO for misleading investors about his firing

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SEC fines former McDonald's CEO for misleading investors about his firing
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The SEC filed charges against former McDonald's CEO Steve Easterbrook for misrepresenting why he was fired in November 2019 and charged him a $400,000 fine.

The SEC charged former McDonald's CEO Steve Easterbrook with misrepresenting his November 2019 firing.

Easterbrook was fired for an inappropriate relationship with an employee, but McDonald's later claimed he covered up additional relationships with employees.Former McDonald's CEO Stephen Easterbrook unveiling the company's new corporate headquarters during a grand opening ceremony on June 4, 2018, in ChicagoCEO Steve Easterbrook on Monday with misrepresenting his November 2019 firing.

Months later, the fast-food giant sued its former chief executive, claiming that he committed fraud and lied to cover up additional inappropriate relationships with employees. In December 2021, theA representative for Easterbrook wasn't immediately available to comment on Monday.

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