• 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

  • Unethical Experiments: When Scientists Really Should Have Stopped What They Were Doing Immediately
  • The First Humans Were Hunted By Leopards And Weren’t The Apex Predators We Thought They Were
  • Earth’s Passage Through The Galaxy Might Be Written In Its Rocks
  • What Is An Einstein Cross – And Why Is The Latest One Such A Unique Find?
  • If We Found Life On Mars, What Would That Mean For The Fermi Paradox And The Great Filter?
  • The Longest Living Mammals Are Giants That Live Up To 200 Years In The Icy Arctic
  • Entirely New Virus Detected In Bat Urine, And It’s Only The 4th Of Its Kind Ever Isolated
  • The First Ever Full Asteroid History: From Its Doomed Discovery To Collecting Its Meteorites
  • World’s Oldest Pachycephalosaur Fossil Pushes Back These Dinosaurs’ Emergence By 15 Million Years
  • The Hole In The Ozone Layer Is Healing And On Track For Full Recovery In The 21st Century, Thanks To Science
  • First Sweet Potato Genome Reveals They’re Hybrids With A Puzzling Past And 6 Sets Of Chromosomes
  • Why Is The Top Of Canada So Sparsely Populated? Meet The “Canadian Shield”
  • Humans Are In The Middle Of “A Great Evolutionary Transition”, New Paper Claims
  • Why Do Some Toilets Have Two Flush Buttons?
  • 130-Year-Old Butter Additive Discovered In Danish Basement Contains Bacteria From The 1890s
  • Prehistoric Humans Made Necklaces From Marine Mollusk Fossils 20,000 Years Ago
  • Zond 5: In 1968 Two Soviet Steppe Tortoises Beat Humans To Orbiting Around The Moon
  • Why Cats Adapted This Defense Mechanism From Snakes
  • Mother Orca Seen Carrying Dead Calf Once Again On Washington Coast
  • A Busy Spider Season Is Brewing: Why This Fall Could See A Boom Of Arachnid Activity
  • 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