Listen Live

Former McDonald’s CEO Steve Easterbrook has returned millions of dollars to the fast-food giant after evidence of inappropriate conduct while he was the company’s top executive. In a statement, McDonald’s said the money was a result of a settlement it brought against Easterbrook over his behavior.

>> Read more trending news

Easterbrook was fired in 2019 after admitting to a relationship with an employee, and at the time said he had not engaged in other relationships with subordinates, The Washington Post reported. That led to McDonald’s terminating his contract “without cause,” a move that allowed Easterbrook to keep millions of dollars in compensation.

McDonald’s filed a lawsuit against Easterbrook in August 2020, after the company said a new investigation revealed Easterbrook had lied and had multiple sexual relationships with employees before he was fired, CNBC reported. Easterbrook was also accused of awarding “hundreds of thousands of dollars’ worth” of stock to one of the women he was having a relationship with, The New York Times reported.

In a statement provided by McDonald’s, Easterbrook said, “McDonald’s and its Board of Directors value doing the right thing and putting customers and people first. During my tenure as CEO, I failed at times to uphold McDonald’s values and fulfil certain of my responsibilities as leader of the company. I apologize to my former co-workers, the Board, and the company’s franchisees and suppliers for doing so.”

When Easterbrook was fired in 2019, his severance was valued at $42 million, but since then McDonald’s stock has climbed 37%, leading to the inflated number he will return to the company, CNBC reported.