Former McDonald’s chief executive officer Steve Easterbrook has agreed to pay $52.7 million to settle allegations that he lied to investors before he was fired in 2019 after a relationship with a co-worker that violated company policy was uncovered.
McDonald's sued Easterbrook after uncovering additional personal relationships with McDonald’s employees during an internal investigation in 2020.
His separation agreement, however, concluded that the firing was without cause, allowing Easterbrook to exit the company with a financial package currently worth an estimated $105 million, said the United States Security Exchange Commission.
