MCD stock is in the red on Monday after McDonald’s Corporation (NYSE:MCD) dismissed CEO Steve Easterbrook due to what the company described as a “recent consensual relationship with an employee” that violated company policy.
MCD Stock Drops 3% on CEO SackingEasterbrook, who had been in office since 2015, was fired as both CEO and President of the board on Friday due to the breach of company policy and will be replaced by Chris Kempcizinski, who had headed up the company’s US operations. McDonald’s described its former CEO as having “demonstrated poor judgment involving a recent ...
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