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As a result, the fast-food chain filed a complaint in the Delaware Chancery Court to recover any compensation and severance benefits that he received when he left his post. The company has also taken steps to prevent Easterbrook from exercising any stock options or selling any shares.
Chris Kempczinski, who took over as CEO when Easterbrook was pushed out, alerted company employees about the action Monday.
“We recently became aware, through an employee report, of new information regarding the conduct of our former CEO, Steve Easterbrook,” he wrote in the internal memo, reviewed by Bloomberg News. “While the board made the right decision to swiftly remove him from the company last November, this new information makes it clear that he lied and destroyed evidence regarding inappropriate personal behavior and should not have retained the contractual compensation he did upon his exit.”
Easterbrook got US$675,000 in severance and health insurance benefits and stock awards that Bloomberg valued at more than US$37 million last November.
McDonald’s shares were little changed in premarket trading Monday in New York. McDonald’s fell 3.5 per cent this year through Friday, roughly in line with the S&P 500 Index.
According to the complaint, the evidence against Easterbrook includes dozens of naked or explicit photographs and videos of various women, including some employees, that Easterbrook had sent as attachments to his personal email account from his work account. The time stamps on the photos of employees show they were all taken in late 2018 or early 2019, when he was CEO.
https://news.google.com/__i/rss/rd/articles/CBMidWh0dHBzOi8vZmluYW5jaWFscG9zdC5jb20vbmV3cy9yZXRhaWwtbWFya2V0aW5nL21jZG9uYWxkcy1zdWVzLW91c3RlZC1jZW8tYWxsZWdpbmctaGUtaGlkLWFmZmFpcnMtd2l0aC1tb3JlLWVtcGxveWVlc9IBAA?oc=5
2020-08-10 14:25:30Z
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