Society 12:40 05/11/2019 World

McDonald's boss Steve Easterbrook fired after dating employee

McDonald's has fired its chief executive Steve Easterbrook after he had a relationship with an employee, BBC News reported. 

The US fast food giant said the relationship was consensual, but Mr Easterbrook had "violated company policy" and shown "poor judgement".

The British businessman, who earned nearly $16m (£12.3m) last year, is due to receive 26 weeks of pay.

The full value of the deal was not clear. He is also eligible for a bonus, if the firm hits its performance goals.

Bloomberg estimated that he will leave with more than $37m, the bulk of which includes previously granted shares.

In exchange, Mr Easterbrook has agreed not to work for a competitor for at least two years.

In an email to staff, Mr Easterbrook acknowledged the relationship and said it was a mistake.

"Given the values of the company, I agree with the board that it is time for me to move on," he said.

The company's top human resources officer has also left the company, McDonald's said.

Mr Easterbrook, 52, who is divorced, first worked for McDonald's in 1993 as a manager in London before working his way up the company.

He left in 2011 to become boss of Pizza Express and then Asian food chain Wagamama, before returning to McDonald's in 2013, eventually becoming its head in the UK and northern Europe.

He was appointed chief executive of McDonald's in 2015.

Mr Easterbrook is widely credited with revitalising the firm's menus and restaurants, by remodelling stores and using better ingredients. The value of its shares more than doubled during his tenure in the US.

Under his leadership, McDonald's also expanded its delivery and mobile payment options to emphasise convenience.



Source Panorama.am
Share |
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:

Newsfeed

14:35
World Chess Championship Game 4 ends in draw
The 4th game of the World Chess Championship 2024 ended in a draw by threefold repetition on the 42nd move. The score is now 2:2. Game 5...
14:05
Archbishop says protest movement in Armenia entered final stage
The Holy Struggle protest movement has entered the final stage, its leader Archbishop Bagrat Galstanyan says. In a Facebook live on...
13:35
No rain in sight for Yerevan
No rain or snow is expected in Armenia’s regions on Saturday, next Tuesday and Wednesday. Light precipitation is forecast for Sunday...
13:05
Three wounded in car crash in Armenia's Gegharkunik
A road accident in Armenia’s Gegharkunik Province left three people wounded on Friday evening. Shamshyan.com reported that the crash...
12:30
Zelensky says Nato deal could end war
President Volodymyr Zelensky has suggested that the parts of Ukraine under his control should be taken "under the Nato umbrella" to...
12:00
Young Armenian singer wins Russia competition
17-year-old Elen Badalyan has won the grand final of “Nu-ka, vse vmeste!” (All Together Now) singing competition in Russia with 98...
11:36
Drivers in Armenia warned about black ice on some roads
The Road Department Fund has warned drivers to watch out for black ice on some roads in Armenia. It said in a statement that the Ashotsk,...
11:15
Armenian church honors Apostles Thaddeus and Bartholomew
The Armenian Apostolic Church on Saturday commemorates Saints Thaddeus and Bartholomew, two of the twelve apostles who were the first...
11:07
Armenia suspends humanitarian demining and medical mission in Aleppo
The Defense Ministry has announced the suspension of the Armenian humanitarian demining and medical team’s mission in Aleppo, Syria....
17:00
Armenia's ruling faction could discussion MP's removal
The parliamentary faction of Armenia’s ruling Civil Contract party plans to meet on Friday evening. Citing some reports, News.am said...
16:34
Israel warns Lebanese citizens not to return to 60 villages
The Israeli military has warned Lebanese citizens not to return to 60 villages in the south of the country, three days into a ceasefire after...
16:16
Artsakh people cautious about Armenian citizenship, ombudsman says
The displaced Artsakh Armenians are in no rush to apply for Armenian citizenship for objective and subjective reasons, Artsakh’s Human...
15:36
Russia works on transforming 3+3 platform into organization, senior diplomat says
Russia is working on transforming the 3+3 platform on the South Caucasus into a full-fledged organization, TASS quoted Deputy Foreign...
15:06
Russia committed to all agreements with Armenia, official says
Russia is committed to all agreements with Armenia, both bilaterally and within the EAEU, Russian Deputy Foreign Minister Mikhail Galuzin...
14:35
30,000 Azerbaijanis resettled in occupied Artsakh
Azerbaijan's government has already settled about 30,000 people in the occupied Republic of Artsakh (Nagorno-Karabakh)....
14:19
No Armenian citizens among victims of Aleppo clashes
No Armenian citizens have been identified among the victims of Aleppo clashes, Armenian Foreign Ministry spokeswoman Ani Badalyan told 1lurer.am...
13:46
Armenian, Azeri deputy PMs meet briefly in Moscow
Armenian Deputy Prime Minister Mher Grigoryan had a brief exchange with Azerbaijan's First Deputy Prime Minister Yagub Eyyubov in Moscow....
13:19
Ameriabank named Armenia's best bank for real estate by Euromoney
Ameriabank has been recognized as Armenia’s best bank for real estate by an international financial publication Euromoney, becoming the...
13:15
Four killed in attack on Aleppo university dorms
Four civilians including two students were killed on Friday in the Syrian city of Aleppo in insurgent shelling of university student...
13:06
'A dream come true': Juliana Grigoryan joins Andrea Bocelli at Poland concert
Operalia 2022 first prize winner Juliana Grigoryan has shared a stage with world-famous Italian tenor Andrea Bocelli in Kraków, Poland....
12:34
Drivers warned about closed roads in Armenia
The Rescue Service has warned drivers about closed roads and difficult driving conditions in Armenia on Friday morning. In particular,...
11:57
Spain busts drug smugglers using Ukrainian drones
Spanish police on Thursday said they had broken up a criminal network that used Ukrainian-made drones to fly hashish from Morocco to Spain,...
11:30
'I hate cancer': Alexis Ohanian undergoes preventative surgery
Serena Williams' husband Alexis Ohanian revealed he recently underwent surgery to remove 'suspicious nodules' in his thyroid that...
11:15
FIFA unveils nominees for The Best Player 2024
FIFA has unveiled the shortlist for The Best FIFA Men’s Player 2024, recognising the exceptional talents that illuminated football this...
11:00
Stepantsminda-Larsi road closed to all vehicles
The Stepantsminda-Larsi highway connecting Armenia and Russia via Georgia is closed to all vehicles as of Friday morning, the Armenian Interior...
17:06
Drivers not using winter tires will face fines in Armenia
The Armenian government decided to ban the use of passenger cars and cargo vehicles weighing up to 3.5 tons from November 15 to March 31 if...
16:36
Kocharyan expresses doubts about judicial independence in Armenia
Second Armenian President Robert Kocharyan expressed doubts about the independence of Armenia's judiciary after Supreme Judicial...
16:04
Israel-Hezbollah ceasefire unlikely to last long, expert says
The US-France-brokered ceasefire agreement between Israel and Lebanon's Hezbollah is unlikely to last long as the underlying sources of the...
15:30
Seoul blanketed by heaviest November snow in 100 years
Seoul has recorded its heaviest November snowfall since records began over a century ago in 1907, BBC News reported. The South Korean...
15:15
Belarusian leader comments on Armenia's absence from CSTO summit
Belarusian President Aleksandr Lukashenko commented on the absence of Armenia as he addressed a meeting of the CSTO Collective Security Council...

Follow us and get updates!

Most popular articles

{"core.blocks.header.spell_message1":"Selected mistake: ","core.blocks.header.spell_message2":"Send a message about the mistake?"}