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McDonald’s bars ex-CEO Easterbrook from working at rival for two years

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Steve Easterbrook, CEO McDonald, poses with Ronald McDonald.

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Don’t expect to see former McDonald’s CEO Steve Easterbrook at another restaurant chain anytime soon.

The fast-food giant is barring him from working for one of its competitors for the next two years as part of his separation agreement, according to a company filing on Monday. Those companies include Chick-fil-A, Yum Brands, Coca-Cola’s Costa and convenience store chains WaWa and 7-Eleven.

McDonald’s board voted to oust Easterbrook on Friday after he violated company policy by having a relationship with an employee, and the company announced the decision Sunday evening. Shares of the fast-food giant fell nearly 3% in…



Source cnbc.com

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