in

McDonald’s slams ex-CEO as ‘morally bankrupt’ after he asks for dismissal of chain’s lawsuit against him


Steve Easterbrook, then-chief govt officer of McDonald’s Corp., speaks through the opening of the corporate’s new headquarters in Chicago, Illinois, on Monday, June 4, 2018.

Joshua Lott | Bloomberg | Getty Images

McDonald’s slammed former CEO Steve Easterbrook in a brand new authorized submitting on Monday, arguing that he ought to need to defend his conduct in court docket. 

More than two weeks in the past, Easterbrook requested the Delaware court docket to dismiss the case filed by McDonald’s, which is suing him to recoup his severance package deal after saying it found that he had sexual relationships with three further ladies whereas at McDonald’s.

The board ousted Easterbrook in November and awarded him a severance package deal with an estimated worth of tens of tens of millions of {dollars} after he acknowledged an affair with an worker however denied further sexual relationships. The separation settlement additionally included some advantages for McDonald’s, like noncompete and nondisparagement clauses, which Easterbrook’s lawyer identified in his request for dismissal of the case.

“Easterbrook’s suggestion that, his lies notwithstanding, McDonald’s got a good enough deal by ridding itself of him has no legal merit,” McDonald’s responded within the submitting. 

In arguing for a dismissal, Easterbrook claimed that McDonald’s had the “new” details about his alleged relationships the whole time. Easterbrook allegedly deleted emails containing proof of these relationships on his cellphone, but they remained on the corporate’s servers, McDonald’s mentioned.

McDonald’s mentioned in its submitting that Easterbrook’s argument boils right down to “he cannot be liable because, as a matter of law, he did not hide his misconduct well enough.”  

Easterbrook’s lawyer didn’t reply to a request for remark from CNBC.

“When McDonald’s investigated, Steve Easterbrook lied. He violated the Company’s policies, disrespected its values, and abused the trust of his co-workers, the Board, our franchisees, and our shareholders,” McDonald’s mentioned in an announcement to CNBC. “His argument that he should not be held responsible for even repeated bad acts is morally bankrupt and fails under the law.”



Source hyperlink

What do you think?

Written by Business Boy

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

History of Apple stock splits says investors shouldn’t rush in to buy lower-priced shares

Amid COVID-19 disaster, India’s GDP contracts by 23.9% in April-June quarter – Business News , Firstpost