The Securities and Exchange Commission has charged former McDonald’s Corp. Chief Executive Steve Easterbrook with making false and misleading statements to investors about the circumstances leading to his termination in November 2019.
Easterbrook, without admitting or denying the SEC’s findings, has agreed to pay a $400,000 civil penalty. The SEC also barred him from being an officer or director of a public company for five years.
In 2019, McDonald’s (NYSE: MCD) fired Easterbrook for “exercising…
