• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

McDonald’s CEO Steps Down After Violating Company Policy

November 5, 2019 by Deborah Bloomfield Leave a Comment

McDonald’s has fired its CEO Steve Easterbook for having an inappropriate relationship with an employee of the company. The company said that Steve has violated the policy by having a romantic relationship with a subordinate. Fast-food giant does not forbid the mangers for having a love affair with direct or indirect subordinates. In an email, the former CEO has also acknowledged his relationship with an employee. The board of directors has voted in favor of Steve’s ouster after a thorough review meeting. The separation package of the ex CEO has not been decided yet. The officials will decide on it after the federal filing. Steve Easterbook will also be dropped from the company’s board. He was appointed as CEO of McDonald’s in 2015.

The company has denied providing any details about the employee with whom Steve was having an affair. Chris Kempczinski has been appointed as the new CEO and president of the company. He has also served as President McDonald’s USA. Steve has said that he respects the decision of the board and it is time for him to move on. The decision of the board is said to be a sign of progress on workplace values, which has been highlighted in the me-too movement. Unlike other companies, McDonald’s is trying to follow strict policies against workplace harassment.

In order to revamp the stores and expanding delivery services, the company has faced a 2 percent drop in its net income in the third quarter. The share prices of the company dropped to 7.5 percent for the quarter. However, it is still high as 9.2 percent for the year. Declining restaurant traffic has also affected the fast-food chain. Along with poor financial performance, McDonald’s has been facing dozens of workplace sexual harassment charges. A labor group called Fight for $15 has claimed that the company’s response to the harassment complaints is not adequate. They also urged that the fast-food giant needs to be transparent about the ouster of CEO Steve Easterbook and any other executive departure related to the issue.

Deborah Bloomfield
Deborah Bloomfield

Related posts:

  1. HP Announced To Cut More Than 9000 Jobs
  2. The lawsuit filed against the US government by Huawei over new FCC laws
  3. Kaiser Permanente Workers Postpone 5-Day Statewide Strike As Death Of CEO Bernard Tyson
  4. The US President Trump Twitted in Favor to Develop 5G Network In America

Filed Under: Business

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • The 2021 “Heat Dome” Killed Her Mother. Now, She’s Suing The Oil Companies Responsible
  • Two Of The Most Destructive Termites Got It On, Sparking Hybrid Threat In Florida
  • The Mad Gasser of Mattoon: A Story Of Anxiety And Hysteria In America’s Heartland
  • Tourists Swimming With Orcas In Mexico As Tour Guides Exploit Legal Loopholes
  • Hells Canyon, The Deepest River Gorge In The US, Was Created Incredibly Recently
  • It’s The Perfect Time Of Year To See Noctilucent Clouds In The Twilight Skies
  • Hawaiian Volcanoes Have Erupted With Gold That Came From Earth’s Core
  • Why Do Some Australian Beaches Have Vinegar Stations?
  • 2-Year-Old Who “Loves A Challenge” Becomes Youngest Ever Member Of Mensa
  • How Bioacoustics Could Decode Howls And Give Us “A Peek Into The Language Of Wolves”
  • Ancient Inca Used A Mysterious String “Writing” System – And We’re Starting To Understand What It Said
  • In 2015, Over 200,000 Saiga Mysteriously Died In An Unprecedented Event: What Happened?
  • Vegans And Vegetarians Aren’t Who You Thought
  • How Does Tickling Work? We’ve Been Trying To Find Out For 2,000 Years
  • Watch Hawai’i’s Volcano Kilauea Shoot Lava 300 Meters Into The Sky
  • Scientists Propose Deliberately Infecting Another World With Life To See What Happens
  • Does The Human Brain Have A Finite Memory Capacity?
  • Record-Breaking Data Transmission Could Transmit Everything On Netflix In Less Than A Second
  • Some Spiders Are More Venomous Than Others – And We Now Know Why
  • Asia’s Other “Great Wall”: Very Unexpected Finds Unearthed At Mongolia’s Medieval Wall System
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version