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McDonald's CEO loses his position over relationship with subordinate and it was consensual.
https://www.foxbusiness.com/markets/mcdo...board-says
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Next time donâ€t forget to read the fine print.
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Sometimes it's best to just keep the Big Mac in your trousers.
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(11-03-2019, 08:08 PM)sparky454 Wrote: Sometimes it's best to just keep the Big Mac in your trousers.
OR...could be Little Mac
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Subordinate... enough said.
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Same thing this week with Katie Hill
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He broke rule #1 - Do not fish on the company pier. He also broke rule #2 - Do not date clowns.
DC is a symptom, not the cause. The cause is basic voter stupidity and economic ignorance.
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Outgoing McDonaldâ€s president and CEO Stephen Easterbrook is eligible for a half year of severance paid at the end of the six-month period after he was pushed out of the company for violating its policy by having a consensual relationship with a coworker, according to the separation agreement filed Monday morning.
Though no dollar amount has officially been provided, his 26-week compensation will depend largely on how the fast-food companyâ€s stock perform)
As CEO, Easterbrook made just under $16 million in total compensation in 2018, a decrease from his 2017 compensation of $21.7 million.
Heâ€ll be able to keep his health insurance if he chooses to do so.
It wasnâ€t immediately clear if Easterbrookâ€s package includes only his base salary, which ranged from $1.26 million in 2016 to $1.34 million in 2018.
McDonaldâ€s board of directors voted on Easterbrookâ€s departure Friday after conducting a thorough review. He will also be leaving the companyâ€s board. Easterbrook, who was CEO since 2015, acknowledged the relationship in an email to employees.
“Given the values of the company, I agree with the board that it is time for me to move on,†he wrote in the email.
The fast-food giant said Easterbrook demonstrated poor judgment, and that McDonaldâ€s forbids managers from having romantic relationships with direct or indirect subordinates.
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The new dude in charge worked at P&G when cincy was there.
DC is a symptom, not the cause. The cause is basic voter stupidity and economic ignorance.
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Donâ€t ***** where you eat!