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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO


McDonald’s ex-C.E.O. pays for his firing scandal Three years after being fired as McDonald’s C.E.O. over what was eventually revealed as several inappropriate personal relationships with employees, Steve Easterbrook on Monday agreed to punishments from the S.E.C. over how his termination played out.The agency’s accusations are a major milestone in a scandal that gripped corporate America, as the fast-food giant accused its former chief of misleading internal investigators. But they’re also the latest sign of how the S.E.C. is seeking to hold companies to account for what they do — and don’t — reveal to investors.The S.E.C.’s case revolved around disclosure. The regulator said Easterbrook misled investors about the reasons for his termination. McDonald’s initially said he was terminated “without cause” for having what he said was a consensual relationship with an employee, and allowed him t …

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