McDonald’s said former CEO Steve Easterbrook has paid back $105 million in cash and stock stemming from his 2019 ouster, resolving a lawsuit in which the company accused him of covering up inappropriate relationships with subordinates
. The money matches the equity awards and cash Easterbrook “would have forfeited had he been truthful at the time of his termination,” McDonald’s chairman Enrique Hernandez Jr. said Thursday in a memo to employees viewed by The Post.
It marks one of the biggest clawbacks in America’s corporate history, after McDonald’s was widely criticized for allowing Easterbrook to walk away with more than $40 million in severance and stock options.“During my tenure as CEO, I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” Easterbrook said in a statement. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for doing so.
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