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Ex-McDonald’s CEO to Repay $105 Million to Settle Lawsuit

  • Easterbrook was ousted over relationships with subordinates
  • Former CEO to return cash, equity awards; issues apology
Steve Easterbrook
Steve EasterbrookPhotographer: Joshua Lott/Bloomberg
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Steve Easterbrook, the former McDonald’s Corp. chief executive officer who was fired over his sexual relationships with subordinates, agreed to return $105 million in cash and equity awards to settle a lawsuit by the fast-food chain.

The amount represents the compensation Easterbrook would have forfeited had he been forthcoming about his actions and been fired for cause, the Chicago-based company said. Easterbrook, 54, also apologized for the behavior that led to his 2019 ouster.