Retail

McDonald’s board faces shareholder pushback over its handling of CEO ouster

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McDonald’s U.S President Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois, United States March 5, 2018.

Richa Naidu | Reuters

McDonald’s board will likely face tough questions from shareholders on Thursday at its annual meeting about how it handled the firing of former CEO Steve Easterbrook.

Easterbrook was ousted in November 2019 for having a relationship with an employee in violation of company policies. McDonald’s fired him without cause, which allowed him to walk away with a severance package currently valued at as much as $56 million.

In August, McDonald’s filed suit against Easterbrook to claw back that package, alleging that he lied…



Source cnbc.com

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