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Bernard Looney - 2 McDonald's - 2 Steve Easterbrook - 2 Edward Tilly - 1 — - 1 we've - 1 He's - 1 Johnny C - 1
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Search resuls for: "Steve Easterbrook"


10 mentions found


☆ Hey, CEOs: Stop dating your employees and trying to cover it up
  + stars: | 2023-09-27 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +5 min
Workplace relationships can be problematic, creating power imbalances that can blur lines of consent and the appearance of fairness. AdvertisementAdvertisementIf you're a CEO looking to keep your job, we've got some advice for you: Stop dating your employees. The men join a long list of execs whose workplace relationships have upended their careers. But only about one in five workers reported disclosing their workplace relationship to their employer. Some companies have even relaxed their policies over the last decade surrounding workplace relationships, Taylor said.
Persons: Edward Tilly, —, we've, He's, Johnny C, Taylor Jr, Bernard Looney, Jeff Zucker, Zucker, McDonald's, Steve Easterbrook, Easterbrook, Brian Krzanich, Lincoln Center's, Jed Bernstein, Taylor Organizations: Service, HR Management, BP, CNN, SEC, Society, Companies
☆ BP boss who resigned over undisclosed relationships with colleagues ended his marriage by text message, says ex-wife
  + stars: | 2023-09-16 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +4 min
Bernard Looney resigned as CEO of BP on Tuesday over undisclosed relationships with colleagues. His ex-wife, Jacqueline Hurst, wrote in her 2021 book he ended their marriage in a text message. The author and life coach, who married Looney in 2017, said that the way he ended their marriage was "unbelievable". Looney resigned as CEO of BP after less than four years in the role. AdvertisementAdvertisementIt's not the first sudden resignation by a BP CEO.
Persons: Bernard Looney, Jacqueline Hurst, Looney, hadn't, Hurst, he'd, it's, John Browne, Steve Easterbrook, McDonald's, Looney didn't Organizations: BP, Service, Evening, Financial Times, Reuters Locations: Wall, Silicon, Mexico
☆ McDonald’s Ruling Shifts Oversight Liability Focus to Corporate Officers
  + stars: | 2023-02-02 | by ( Dylan Tokar | ) www.wsj.com   time to read: +9 min
Photo: McDonald’sThe ruling by Vice Chancellor Laster focuses on the claims against Mr. Fairhurst specifically. At the time of his termination, Mr. Fairhurst had been the subject of multiple reports of sexual harassment during his tenure, according to the Delaware ruling. Emerging oversight liabilityThe legal doctrine driving the McDonald’s shareholder lawsuit extends back to a 1996 Delaware Court of Chancery decision. The ultimate impact of Judge Laster’s ruling vis-à-vis McDonald’s shareholders is as of yet unclear. If the judge approves the McDonald’s directors’ motion to dismiss, the claims against Mr. Fairhurst would be moot.
☆ SEC Charges Ex-McDonald’s CEO With Misleading Statements Over His Firing
  + stars: | 2023-01-09 | by ( Will Feuer | Heather Haddon | ) www.wsj.com   time to read: 1 min
The Securities and Exchange Commission said it has charged former McDonald’s Corp. Chief Executive Steve Easterbrook with making false statements to investors about the circumstances leading to his firing in 2019. The SEC also charged McDonald’s with shortcomings in its public disclosures related to Mr. Easterbrook’s separation agreement with the company.
☆ SEC fines McDonald's ex-CEO Easterbrook $400,000 for allegedly misleading investors about his firing
  + stars: | 2023-01-09 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +3 min
New York CNN —Disgraced former McDonald’s CEO Steve Easterbrook will pay $400,000 to settle charges that he allegedly misled investors about the circumstances of his 2019 firing following a relationship with an employee. McDonald’s later filed a lawsuit against Easterbrook that ended with the ex-CEO paying back his $105 million severance payment, but the SEC charged both the executive and the company for making such a deal in the first place. In addition to the $400,000 civil penalty, Easterbrook is also banned from serving as a director or officer at any company that reports to the SEC. In August 2020, McDonald’s filed a lawsuit claiming Easterbrook lied to the board about the extent of his relationships with employees. Steve Easterbrook, former CEO of McDonald's Corp. Brendan McDermid/ReutersMcDonald’s settled the lawsuit with Easterbrook in 2021, forcing him to repay his severance package of $105 million.
☆ U.S. SEC charges McDonald's ex-CEO for misrepresentations to investors
  + stars: | 2023-01-09 | by ( Chris Prentice | ) www.reuters.com   time to read: +2 min
[1/2] Steve Easterbrook, CEO of McDonald's Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019. REUTERS/Brendan McDermidNEW YORK, Jan 9 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Monday charged former McDonald's Corp Chief Executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination. The SEC hit Easterbrook with a five-year officer and director bar and a $400,000 civil penalty. McDonald's fired Easterbrook in November 2019 for exercising "poor judgment" by engaging in a relationship with a McDonald's employee, the SEC said. McDonald's said in a statement that the settlement reinforced the fact it held Easterbrook "accountable for his misconduct."
☆ McDonald's former CEO lied about 'improper' employee relationships before his firing in 2019, SEC alleges
  + stars: | 2023-01-09 | by ( Sindhu Sundar | Nancy Luna | ) www.businessinsider.com   time to read: +3 min
The SEC accused the former McDonald's CEO of being untruthful in the chain's internal investigation. McDonald's fired Stephen Easterbrook in 2019 over an employee relationship, then discovered more. During that investigation, Easterbook told lawyers brought in by McDonald's board that he hadn't had any other sexual relationships with McDonald's employees besides the one he was being questioned over at the time. "In July 2020, McDonald's learned that Easterbrook had in fact engaged in other relationships with McDonald's employees in violation of the company's Standards of Business Conduct." In August 2020, McDonald's sued Easterbrook "to recover compensation and severance benefits," alleging he concealed evidence and lied about having other relationships with subordinates.
☆ SEC fines former McDonald's CEO for misleading investors about his firing
  + stars: | 2023-01-09 | by ( Amelia Lucas Rebecca Picciotto | Amelia Lucas | Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
Former McDonald's CEO Stephen Easterbrook unveiling the company's new corporate headquarters during a grand opening ceremony on June 4, 2018, in ChicagoThe Securities and Exchange Commission charged former McDonald's CEO Steve Easterbrook on Monday with misrepresenting his November 2019 firing. McDonald's board fired Easterbrook in 2019 for a consensual relationship with an employee, which violated the company's fraternization policy. In December 2021, the two parties settled the lawsuit, and McDonald's successfully clawed back Easterbrook's severance, valued at $105 million. McDonald's has not admitted or denied the SEC's findings. In a statement, the company said that the SEC's actions reinforce what it has previously said about its handling of Easterbrook's misconduct.
☆ A top McDonald's security exec said the CEO repeatedly undermined him — and even barred him from riding with him on the corporate jet — in a new racial-discrimination lawsuit
  + stars: | 2022-12-20 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +6 min
Michael Peaster, a Black McDonald's security executive, is suing the chain and its CEO. Yet according to a racial-discrimination lawsuit that Peaster filed this month, the CEO ignored the 35-year McDonald's veteran for the better part of a year. "It was retaliatory against Michael Peaster based on his respectful but legitimate contradiction of Kempczinski on the subject of race." A representative for Peaster told Insider via email: "Michael Peaster had the same job since 2010. In January 2020, two Black McDonald's executives, Vicki Guster-Hines and Domineca Neal, filed a discrimination lawsuit against McDonald's.
☆ I visited McDonald's Global Menu Restaurant in Chicago — and tried delicious international fare like the Chinese Kung Pao Chicken Sandwich and Malaysian mango sundae
  + stars: | 2022-10-20 | by ( Bethany Biron | ) www.businessinsider.com   time to read: 1 min
McDonald's first opened its hugely popular Global Menu Restaurant in 2018. It's located on the lower level of the company's global headquarters in Chicago's West Loop neighborhood. Bethany Biron/Insider"As part of our new headquarters, we wanted to provide our customers with an exciting way to experience our global menu right here in Chicago," Steve Easterbrook, then-McDonald's president and CEO said in 2018. "We are delighted to showcase a taste of McDonald's from all over the world making this location a one-of-a-kind experience that Chicagoans will enjoy with friends and family."
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