SEC charges former McDonald’s CEO with misleading investors

Published January 9, 2023 7:26 AM

By MICHELLE CHAPMAN
AP Business Writer

The Securities and Exchange Commission is charging McDonald’s former CEO Stephen Easterbrook with making false and misleading statements to investors about the circumstances leading to his firing in November 2019. Easterbrook was ousted for engaging in an inappropriate personal relationship with a McDonald’s employee in violation of company policy. That’s according to the Securities and Exchange Commission in its order Monday. But the separation agreement with McDonald’s concluded that his termination was without cause, which allowed him to keep substantial compensation in McDonald’s stock that otherwise would have been forfeited.

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