Find in the news:
BY COUNTRY

Fired for having an affair with a subordinate, the head of McDonald's paid the company $100 million



The agreement would make Easterbrook "accountable for clearly inappropriate behavior."
The head of McDonald's paid the company $100 million

The former head of McDonald's, Steve Easterbrook, has reached a settlement agreement with the company in which he returned his severance package of $105 million - securities and cash. The company's board of directors stressed that the deal would make Easterbrook "accountable for clear misconduct." 

Easterbrook was appointed CEO of McDonald's in 2015 and was fired in late 2019 after it became known that he had an affair with one of his subordinates. The company estimated that the top executive had thus violated existing corporate bylaws. In the summer of 2020, the case took a new turn when the media reported that Easterbrook had affairs with three more corporation employees. After that, a settlement agreement was reached. 

"During my tenure as CEO, I sometimes failed to adhere to McDonald's values and fulfill some of my responsibilities as a company executive. I apologize to my former colleagues, the board of directors, franchisees, and suppliers of the company for this," the former McDonald's CEO commented.

During the period when Easterbrook was managing the business of McDonald's, the value of the company has almost doubled. However, the total number of clients of the largest fast-food chain has decreased amid consumers' rejection of unhealthy food. 

More about shopping malls in the USA



YESTERDAY, USA:
The new outlets will open in a format 20% smaller than classic stores.
YESTERDAY, United Kingdom:
The new opening will occur in London, in a prestigious location on Oxford Street.
DAY BEFORE YESTERDAY, USA:
Analysts value the shoe brand's business at $9.2 billion.
DAY BEFORE YESTERDAY:
The 3300 sq. feet space is in Ho Chi Minh City, the country's second-largest city.
Oct 2, 2023, USA:
New children's goods stores will be opened in airports and cruise ships.
Oct 2, 2023, United Kingdom:
The company expects to return to some locations where stores have been closed in recent years.
Friend
and Follow
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Greenwood Park Mall GLA:1 164 000 SF
ADDRESS: 1251 US Highway 31 N, Greenwood, IN 46142-4514
USA . Greenwood
Greenwood Park Mall
I Viali GLA:452 084 SF
ADDRESS: Via Dei Cacciatori 111 - 10042 Nichelino TO - Piemonte
Italy . Torino
I Viali


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us