The SEC said Easterbrook's separation agreement was valued at more than US$40 million (NZ$62.75m). But in July 2020, McDonald’s found through an internal investigation that Easterbrook had engaged in other undisclosed, improper relationships with additional McDonald’s employees. The company wound up suing Easterbrook in August of that year, claiming he covered up relationships with employees and destroyed evidence. The SEC also charged McDonald's with failing to disclose that it exercised its own discretion in terminating Easterbrook without cause. “The SEC’s order reinforces what we have previously said: McDonald’s held Steve Easterbrook accountable for his misconduct,” the company said in a statement.

Source: Stuff January 10, 2023 07:28 UTC