Former McDonald’s CEO repays company $105 million
New York Times: Former McDonald’s Chief Executive Steve Easterbrook, who was ousted by the company in 2019 for having an inappropriate relationship with a subordinate, has returned $105 million in cash and stock to the company in one of the largest clawbacks in the history of corporate America. Easterbrook has been engaged in a contentious battle with McDonald’s for the past year, after the company sued him for lying to investigators at the time of his dismissal. As part of the deal announced today, McDonald’s agreed to drop its lawsuit against Easterbrook.
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