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McDonald’s Investors Say Ex-CEO Easterbrook Must Return More Pay

  • Suit slams deal allowing Easterbrook to repay $105 million
  • Easterbrook ousted in 2019 over sex with subordinates
Steve Easterbrook

Steve Easterbrook

Photographer: Joshua Lott/Bloomberg

Some McDonald’s Corp. investors criticized the fast-food chain for agreeing to allow former Chief Executive Officer Steve Easterbrook’s to return $105 million in compensation following his ouster over sexual relations with subordinates, saying the company should have gotten more.

Easterbrook, who was fired in 2019 after four years in the top job, reached a settlement last month with the company, which had sued to claw back the compensation. A trio of pension funds tied to the Teamsters’ union said in court filings that McDonald’s also should have demanded reimbursement for millions in legal fees spent litigating his ouster.