Former McDonald’s CEO Steve Easterbrook, who was fired after engaging in a consensual relationship with an employee, leaves the company with a generous severance package.
Steve Easterbrook, the McDonald’s CEO who was fired after engaging in a consensual relationship with an employee, leaves the Golden Arches with a generous severance package.
In fiscal year 2018, Easterbrook’s annual base salary was $1.3 million, according to Salary.com’s executive salary database, which compiles data filed with the SEC. Based on that figure, Easterbrook stands to walk away with about $650,000 in severance pay alone. McDonald’s executive leadership received a further shake-up on Monday after chief people officer David Fairhurst said he was leaving the company.
“I engaged in a recent consensual relationship with an employee, which violated McDonald’s policy. This was a mistake. Given the values of the Company, I agree with the Board that it is time for me to move on. Beyond this, I hope you can respect my desire to maintain my privacy," he stated.
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