U.S. securities regulator is also charging McDonald's with public disclosure violations relating to Easterbrook's separation agreement.
The Securities and Exchange Commission said Monday it has filed charges against Stephen J. Easterbrook, former chief executive of McDonald’s Corp., for making “false and misleading” statements to investors about the circumstances that led to his ouster in November 2019.
McDonald’s... The Securities and Exchange Commission said Monday it has filed charges against Stephen J. Easterbrook, former chief executive of McDonald’s Corp., for making “false and misleading” statements to investors about the circumstances that led to his ouster in November 2019. McDonald’s MCD fired Easterbrook for exercising poor judgment and violating company policy by engaging in an inappropriate personal relationship with a McDonald’s employee. However, the separation agreement struck with the executive concluded that his termination was without cause, allowing him to retain substantial equity compensation that would have been forfeited in other circumstances.
In July 2020, McDonald’s discovered in an internal probe that Easterbrook had engaged in other, undisclosed relationships with employees. Those findings were not disclosed prior to Easterbrook’s termination, in the knowledge that they would influence the board’s decision making, according to the SEC.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Ponte Vedra-based National Auto Care acquired by APCO Holdings - Jacksonville Business JournalPonte Vedra-based National Auto Care acquired by APCO Holdings
Baca lebih lajut »
‘I get emotional’: After 2019 Dallas tornado, rebuilt Thomas Jefferson, Walnut Hill reopenFor Jazmine Cabriales, walking back into Thomas Jefferson High School feels like a miracle.
Baca lebih lajut »
Go Naked With This Stunning Exposed Carbon 2019 Porsche 935 | CarscoopsGT2 RS-based homage to 1978 Moby Dick racer is one of just 77 and has covered only 30 miles
Baca lebih lajut »
House Bill 6 left Ohio with least stringent clean-energy program in U.S., study showsOf 31 states with a “renewable energy portfolio standard” (RPS), Ohio derives the smallest share of its energy from renewable sources.
Baca lebih lajut »
Benji Madden Honors Cameron Diaz on 8th Wedding AnniversaryThe couple tied the knot in 2015 and welcomed their daughter, Raddix Madden, in Dec. 2019.
Baca lebih lajut »
Big 12 Commissioner ‘Open’ to Texas, Oklahoma Leaving for SEC EarlyBig 12 commissioner Brett Yormark told reporters Saturday afternoon that he is “open” to the Longhorns and Sooners leaving early
Baca lebih lajut »