SEC fines former McDonald's CEO for misleading investors about his firing
Publishing timestamp: 2023-01-09 15:06:02
Summary
The SEC charged former McDonald's CEO Steve Easterbrook with misrepresenting his November 2019 firing. He has agreed to a $400000 fine and will be barred from serving as officer or director for any SEC-reporting company for five years. McDonald's later claimed he covered up additional relationships with employees and the SEC found that McDonald's violated Exchange Act. McDonald's has not admitted or denied SEC's findings.
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Keywords: mcdonald's corp, restaurants, business, steve easterbrook, lawsuits, business news, retail industry,