Shareholders were misled by Steve Easterbrook ‘concealing extent’ of his misconduct, says US regulator
it had “charged” Easterbrook, who is British, with making “false and misleading statements to investors about the circumstances leading to his termination”.
Easterbrook, who is 55 and from Watford, walked away from McDonald’s with more than $40m in a “separation agreement”, the SEC said. “In making this conclusion, McDonald’s exercised discretion that was not disclosed to investors,” it added. “By allegedly concealing the extent of his misconduct during the company’s internal investigation, Easterbrook broke that trust with – and ultimately misled – shareholders.”
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