Nov 05, 2019

McDonald's CEO fired after dating employee

McDonald's has fired its chief executive Steve Easterbrook after he had a relationship with an employee.

The US fast food giant said the relationship was consensual, but Mr Easterbrook had "violated company policy" and shown "poor judgement".

The British businessman, who earned nearly $16m (£12.3m) last year, is due to receive 26 weeks of pay.

The full value of the deal was not clear. He is also eligible for a bonus, if the firm hits its performance goals.

Bloomberg estimated that he will leave with more than $37m, the bulk of which includes previously granted shares.

In exchange, Mr Easterbrook has agreed not to work for a competitor for at least two years.

In an email to staff, Mr Easterbrook acknowledged the relationship 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," he said.

The company's top human resources officer has also left the company, McDonald's said.

He will be replaced by Chris Kempczinski, most recently president of McDonald's USA, with immediate effect.

(Excerpts : BBC)