Retired McDonald & # 39; s CEO resigns from Walmart Board
Former Ted Cruz campaign pollster Chris Wilson, Stanford School of Business lecturer Dave Dodson and Politico Congress reporter Melanie Zanona discuss the firing of McDonald's CEO Steve Easterbrook and Chief People Officer David Fairhurst over Easterbrook's romantic relationship with a subordinate.
Ousted McDonald's CEO Stephen Easterbrook has resigned as a member of Walmart's board.
According to a Securities and Exchange Commission, Easterbrook filed with the company on Monday about its decision to retire immediately after joining the board in 201[ads1]8.
Walmart did not immediately respond to FOX Business & # 39; s request for comment.
Steve Easterbook (Credit: McDonald's)
Easterbrook is one of a dozen board members currently listed on the company's website ensuring "Walmart operates with integrity and accountability."
He was fired. from McDonald's after breaking the company's policy by entering into a consensus relationship with an employee, the company said.
MCDONALD & # 39; FIRES CEO of INAPPROPRIATE RELATIONSHIP With EMPLOYEE [19659003] The fast food giant said Easterbrook demonstrated poor judgment and that McDonald's prohibits executives from having romantic relationships with dir ect or indirect subordinates .
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In an email to employees, Easterbrook acknowledged that he had a relationship with an employee and said it was a mistake.
According to Monday's filing, his decision to resign from Walmart was not due to "any disagreement with the company about any matters relating to its business, policy or practice."
The Associated Press contributed to this report.
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