McDonald's CEO steps down after relationship with employee
Source: Washington Post/AP
NEW YORK McDonalds chief executive officer has left the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment. McDonalds forbids managers from having romantic relationships with direct or indirect reports.
In an email to employees, Easterbrook acknowledged he had a relationship with an employee and said it was a mistake. Given the values of the company, I agree with the board that it is time for me to move on, Easterbrook said in the email.
McDonalds board of directors voted on Easterbrooks departure Friday after conducting a thorough review. Details of Easterbrooks separation package will be released Monday in a federal filing, according to a company spokesperson.
The board of directors named Chris Kempczinski, who recently served as president of McDonalds USA, as its new president and CEO.Kempczinski was instrumental in the development of McDonalds strategic plan and oversaw the most comprehensive transformation of the U.S. business in McDonalds history, said Enrique Hernandez, chairman of McDonalds board, in a statement.Steve brought me into McDonalds and he was a patient and helpful mentor, Kempczinski said, thanking him for his contributions.
Read more: https://www.washingtonpost.com/business/mcdonalds-ceo-steps-down-after-relationship-with-employee/2019/11/03/6639b1ce-fe82-11e9-8341-cc3dce52e7de_story.html
Opel_Justwax
(230 posts)Do this in bed or whatever the boss wants and if they don't they are punished and/or fired.
JustABozoOnThisBus
(23,339 posts)He'll be booted with millions in bonuses,etc.
Sneederbunk
(14,290 posts)TexasBushwhacker
(20,185 posts)If I quit my job or get fired for cause, I don't get shit, and I'm not worth $15 Million.
SunSeeker
(51,550 posts)Jake Stern
(3,145 posts)And accepted total responsibility for his actions as well?
What a crazy idea!
Progressive Jones
(6,011 posts)KY_EnviroGuy
(14,490 posts)After all, he has all the most important recipes.........