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Re: McDonald s Sues Former C.E.O., Accusing Him of Lying and Fraud

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 11 Aug 20 7:42 AM | 13 view(s)
Boardmark this board | The Trust Matrix 		Msg. 38074 of 54959
(This msg. is a reply to 38066 by clo)
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Sounds like the company is using the media for its own purposes here.

With no claim to the contrary, it's safe to assume the affairs were consensual. So to that extent, it doesn't appear to be the company's business. They are trying to work people up into a puritan, metoo fervour.

The allegation of him favouring one employee while having an affair may be worth investigating but is hardly newsworthy.

The real issue isn't mentioned. Why on earth do companies pay CEOs of mature companies like McDonald's so much money?

This is actually what makes me wish to step into my self-righteous pulpit. The governance of corporate compensation is so pathetic.




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The above is a reply to the following message:
McDonald’s Sues Former C.E.O., Accusing Him of Lying and Fraud
By: clo in ALEA
Mon, 10 Aug 20 4:25 PM 		Msg. 38066 of 54959

Holy cow, THREE relationships, greedy appetite.

McDonald’s sued its former C.E.O., Steve Easterbrook, alleging that he had concealed evidence of sexual relationships with 3 employees.
Monday, August 10, 2020 9:12 AM EST

The lawsuit represents an extraordinary departure from the traditional disclose-it-and-move-on decorum that American corporations have often embraced when confronted with allegations of wrongdoing by senior executives.

The lawsuit, filed in state court in Delaware, alleges that Mr. Easterbrook carried on sexual relationships with three McDonald’s employees in the year before his ouster and that he awarded a lucrative batch of shares to one of those employees. McDonald’s said it was seeking to recoup stock options and other compensation that the company last fall allowed Mr. Easterbrook to keep — a package worth more than $40 million, according to Equilar, a compensation consulting firm.

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http://www.nytimes.com/2020/08/10/business/mcdonalds-ceo-steve-easterbrook.html?campaign_id=60&emc=edit_na_20200810&instance_id=0&nl=breaking-news&ref=cta®i_id=16112385&segment_id=35692&user_id=75ee940ebe2fd3e9d0a6bb93cf283302

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