• World
More

    McDonald’s fires CEO Steve Easterbrook after violating company policy

    Must Read

    Rediscover, Reconnect and Revisit India and its Culture at ARTH – A CULTURE FEST

    Riding high on the back of two glorious and successful seasons, Zee Live's one-of-a-kind cultural festival, Arth...

    Landslides close down Jammu-Srinagar highway

    Traffic on the Jammu-Srinagar national highwaywas suspended on Saturday after heavy rains triggered landslides along the Ramban-Ramsoo...

    Government extends ban on commercial international flights till March 31

    Aviation regulator, the Directorate General of Civil Aviation (DGCA) has extended the suspension of international commercial passenger...

    McDonald’s chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday.

    The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment, and that McDonald’s forbids managers from having romantic relationships with direct or indirect subordinates.

    In an email to employees, Easterbrook acknowledged he had a relationship with an employee and said it was a mistake.

    “Given the values of the company, I agree with the board that it is time for me to move on,” Easterbrook said in the email.

    McDonald’s board of directors voted on Easterbrook’s departure Friday after conducting a thorough review. Details of Easterbrook’s separation package will be released Monday in a federal filing, according to a company spokesman. He will also be leaving the company’s board. Easterbrook was CEO since 2015.

    McDonald’s would not provide details about the employee with whom Easterbrook was involved, and a lawyer for Easterbrook declined to answer questions.

    The board of directors named Chris Kempczinski, who recently served as president of McDonald’s USA, as its new president and CEO.

    McDonald’s decision to act may be a sign of progress on workplace issues that have come to light in the #MeToo era, said Carl Tobias, a law professor at the University of Richmond.

    “Other companies don’t always act on that kind of information or fire their CEO for that, and so it seems like they trying to enforce a pretty strict policy in this situation,” Tobias said.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Rediscover, Reconnect and Revisit India and its Culture at ARTH – A CULTURE FEST

    Riding high on the back of two glorious and successful seasons, Zee Live's one-of-a-kind cultural festival, Arth...

    Landslides close down Jammu-Srinagar highway

    Traffic on the Jammu-Srinagar national highwaywas suspended on Saturday after heavy rains triggered landslides along the Ramban-Ramsoo stretch, officials said.The authorities concerned...

    Government extends ban on commercial international flights till March 31

    Aviation regulator, the Directorate General of Civil Aviation (DGCA) has extended the suspension of international commercial passenger flight services till March 31st,...

    PM Modi to inaugurate The India Toy Fair 2021 at 11 AM today

    Prime Minister Narendra Modi will inaugurate the India Toy Fair 2021 through video conferencing today. Toys play a significant part in the...

    27 February – Know your today’s horoscope

    Aries:Your rash behaviour could cause some problem to a friend. Today, seek the blessings of your elders before going out of the...

    More Articles Like This

    - Advertisement -