Former McDonald’s Corp. Chief Executive Stephen Easterbrook, who was fired for having a relationship with an employee, was allowed to keep stock awards worth more than $37 million as well as $675,000 severance and health insurance benefits. McDonald’s board voted Friday to oust Easterbrook after investigating the relationship, which was consensual but violated company policy. McDonald’s stock fell $5.28, or 2.7%, to $188.66 a share on Monday. McDonald’s said Sunday that the board determined he had “demonstrated poor judgment” by engaging in the consensual relationship. McDonald’s, which has been navigating pressure from politicians on its wages, has been trying to revamp its image.

Source: Los Angeles Times November 05, 2019 00:45 UTC