McDonald's first realized about former CEO Steve Easterbrook's relationship with an worker roughly three weeks in the past, The Wall Street Journal
McDonald’s first realized about former CEO Steve Easterbrook’s relationship with an worker roughly three weeks in the past, The Wall Street Journal reported.
The Chicago-based firm announced on Sunday that its board ousted Easterbrook for having a consensual relationship with a feminine worker, a violation of the corporate’s nonfraternization coverage. Chris Kempczinski, previously McDonald’s U.S. president, is the chain’s new chief govt.
Individuals conversant in the matter advised the Journal that the corporate’s basic counsel, Jerry Krulewitch, knowledgeable McDonald’s board in regards to the matter after an inside investigation. The board employed a legislation agency, Wachtell, Lipton, Rosen & Katz, to evaluate the authorized threat, it reported.
The board concluded that the connection between Easterbrook and the worker was brief time period and consensual, in keeping with the newspaper. Nonetheless, it additionally raised questions on his judgment within the board’s view, one particular person conversant in the matter advised the Journal.
McDonald’s declined to touch upon the report.
Read more about the company’s investigation of Easterbrook here.
— CNBC’s Kate Rogers contributed to this report.