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Thursday, 12/16/2021 9:24:03 AM

Thursday, December 16, 2021 9:24:03 AM

Post# of 426315
Former McDonald's CEO Easterbrook returns $105M to company, NY Times reports

"Former McDonald's CEO Steve Easterbrook has returned $105M in cash and stock to the company, The New York Times' David Gelles and Julie Creswell report. The settlement with Easterbrook, who was ousted in 2019 for an inappropriate relationship, is one of the largest ever clawbacks of executive compensation, the report notes. In a message to employees, Chairman Enrique Hernandez Jr. said that the company wanted to hold Easterbrook "accountable for his lies and misconduct, including the way in which he exploited his position as C.E.O.," and that this settlement achieved that goal."

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