NEW YORK, Jan 9 — The US Securities and Exchange Commission (SEC) today charged former McDonald’s Corp Chief Executive Stephen Easterbrook with making false and misleading...
NEW YORK, Jan 9 — The US Securities and Exchange Commission today charged former McDonald’s Corp Chief Executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination.McDonald’s fired Easterbrook in November 2019 for exercising “poor judgment” by engaging in a relationship with a McDonald’s employee, the SEC said.
The agency also charged McDonald’s with “shortcomings” in its public disclosures related to Easterbrook’s ouster, but did not impose any fines on McDonald’s due to the firm’s “substantial cooperation” with the investigation, the SEC said.
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