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Home / Business / Retired McDonald's CEO is seen for the first time since he was canned over employee affair

Retired McDonald's CEO is seen for the first time since he was canned over employee affair



McDonald's CEO Steve Easterbrook was seen for the first time since he was fired from the fast-food giant over an employee affair, and broke the tire while on his way to an Apple store to buy a new laptop, shows exclusive DailyMail.com images.

The 52-year-old used the dark cover to take a trip to the store on Wednesday night, wearing jeans, running shoes and a quilted jacket.

The British-born businessman admitted earlier this week that he had shown & # 39; poor judgment & # 39; after starting a relationship with another employee, whose identity has not yet been revealed.

Although the relationship was consensus, it violated a company policy that prohibits executives from having romantic relationships with any subordinate, costing Easterbrook his cozy $ 1

6 million a year.

He was discovered in public when it was revealed that he had previously escaped censorship for another office romance. He dated Denise Paleothodoros, 46, when she was awarded the McDonald's account by her public relations firm, according to the Wall Street Journal.

  Steve Easterbrook was seen for the first time since being fired from McDonald's over an affair with an employee, breaking tires while on his way to an Apple store to buy a new laptop Wednesday night, shows exclusive DailyMail.com pictures

Steve Easterbrook was seen for the first time since he was fired from McDonald's over an affair with an employee, breaking tires while on his way to a Apple store to buy a new laptop Wednesday night, showing exclusive DailyMail.com pictures

  Easterbrook was in the Apple store for about 30 minutes to buy his new laptop, talking to an Apple store emp loyee for most of their visit

Easterbrook was in the Apple Store for about 30 minutes to buy his new laptop and talked to an Apple Store employee for most of the visit

  After setting up the slim new computer, he went home and kept his bag

  After setting up his slim new computer, he went home holding his bag

After having set up the slim new computer, he set up the home and kept an Apple bag

  The British-born businessman admitted earlier this week that he had shown & # 39; poor judgment & # 39; after starting a relationship with another employee. Although the relationship was consensus, it violated a company policy that prohibits executives from having romantic relationships with any subordinate, costing Easterbrook his cozy $ 16 million annual job

The British-born businessman admitted earlier this week that he had shown "bad" judgment after starting a relationship with another employee. Although the relationship was consensus, it violated a company policy that prohibits executives from having romantic relationships with any subordinate, costing Easterbrook his cozy $ 16 million annual job

Easterbrook was in the Apple store for about 30 minutes to buy his new laptop computer, and talked to a store employee for most of the visit.

After setting up the slim new computer, he left home and held the bag.

McDonald's board voted for Easterbrook's departure last Friday after a review of his behavior concluded that he had "shown poor judgment".

WSJ also reported that McDonald's board began investigating Easterbrook's recent affair three weeks ago.

Following an internal investigation, the company's attorney general, Jerry Krulewitch, informed the board and the New York City law firm of Wachtell, Lipton, Rosen & Katz to investigate the legal risk.

The investigation concluded that the relationship was "short-term and consensus", but questions were raised about Easterbrook's verdict and he was fired.

The details of his relationship, including who he was with and for how long, have not been revealed.

However, the identification of the previous woman he was involved in has been revealed.

His two-year affair with Paleothodoros emerged in 2015, but the fast-food company concluded that the relationship did not violate the guidelines.

  Steve Easterbrook, 52, dated Denise Paleothodoros, 46, (photo) when she was awarded the McDonald's account by her public relations firm

Steve Easterbrook, 52, dated Denise Paleothodoros, 46, (photo) when she was assigned to the McDonalds account of her public relations firm

  Paleothodoros (pictured right), Golin , moved her to another account

Paleothodoros (photo) tured right) employers, Golin, moved her to another account

Paleothodoros employers, Golin, moved her to another account. Paleothodoros is now CEO of Golin.

Paleothodoros said in a statement: & # 39; Steve and I were in a relationship, and that ended a friendship a while ago.

The three-father is believed to have divorced his British wife in 2013, the same year he moved to the company's headquarters in Chicago to become top manager.

Meanwhile, his family is in the dark about the circumstances behind his shooting.

His brother-in-law Mark Baxter, 55, who is married to his sister Joanne, told MailOnline: & # 39; [It] looks like Steve has been a bad boy.

& # 39; We heard on Sunday that he had been fired. We know no other details. & # 39;

In an email to the McDonald's staff, Easterbrook wrote: & # 39; This was a mistake. Considering the company's values, I agree with the board that it is time for me to move on. & # 39;

  McDonald's board voted for Easterbrook's departure last Friday after a review of his behavior concluded that he had & # 39; shown poor judgment & # 39; . But details of his relationship, including who he was with and for how long, have not been revealed.

McDonald's board voted for Easterbrook's departure last Friday after a review of his behavior concluded that he had "shown poor judgment". But details of his relationship, including who he was with and for how long, have not been revealed.

  In an email to McDonald's staff, Easterbrook wrote: "This was a mistake. Considering the company's values, I agree with the board that it is time for me to move on. & # 39; And he will move on to the $ 27 million (£ 21 million) amount, according to the details of his pay package, which includes six months of his basic salary, bonuses and equity shares

In an email to McDonald's staff, Easterbrook wrote : & # 39; This was a mistake. Considering the company's values, I agree with the board that it is time for me to move on. & # 39; And he will move on to $ 27 million (£ 21 million), according to the details of his salary package, which includes six months of his basic salary, bonuses and equity shares

  As part of his leave deal Easterbrook signed a squat order who agreed not to say anything that & # 39; degrades or damages & # 39; McDonald's reputation

As part of the severance agreement, Easterbrook signed a squat order that agreed not to say anything that "damages or damages". McDonald's reputation

And he will move on to the tune of $ 27 million (£ 21 million), according to the details of his pay package, which includes six months of his base salary, bonuses and shares.

Already he goes away with half a year's salary, worth around $ 670,000 (£ 520,000).

According to submissions, his contract was deemed to have been terminated "for no reason", which means that he is still eligible for previous bonuses to be paid over the next three years.

If McDonald's hits its annual goal, he is eligible to receive a bonus worth between $ 2.32 million (£ 1.8 million) and $ 4.76 million (£ 3.7 millions).

The company assignments also show that he had collected 122,986 shares from previous bonuses. by the end of last year – worth around $ 22.9 million (£ 17.8 million) at current prices.

As part of the severance agreement, Easterbrook signed a squat order that agreed not to say something that & # 39; damages or damages & # 39; McDonald's reputation.

He also bans working for a rival, like Burger King, for the next two years.

McDonald's shares on Wall Street plunged after the firing of Easterbrooks, who went from head of department to running the company over 25 years.

  Easterbrook was credited with reversing McDonald's fortunes after profits fell, by simplifying menus, improving the quality of ingredients and introducing healthier products like multiple salads, fresh fruits and juices

Easterbrook was credited for turning McDonald's fortunes after profits fell, by simplifying menus, improving the quality of ingredients and introducing healthier products such as multiple salads, fresh fruits and juices

  Easterbrook bans working for a rival, like Burger King, for the next two years

  Easterbrook gets ban on working for a rival, like Burger King, for the next two years

Easterbrook bans working for a rival, like Burger King, for the next two years [19659020] He was credited with turning over McDonald's fortunes after profits fell, and did so by simplifying menus, improving the quality of ingredients and introducing healthier products like more salads, fresh fruits and juices.

His rise to the top of the world's most famous fast food brand was extraordinary.

Brit, an avid supporter of Watford FC and England's cricket team, joined the company in 1993 as head of department and worked his way up to become his British boss in 2006 and then became president of the Northern European business, putting him in charge for 1,800 restaurants.

In 2011, he became head of UK's Pizza Express and then Wagamama, but then returned to McDonald's as Chief Brand Office in 2013.

He then became a general head in 2015, and runs the business from the $ 250 million headquarters in Chicago.

He was married to British wife Susie and the couple has three children. It is not known when they divorced, but they are believed to have been divorced since moving to the United States.

Under his leadership, the company's shares nearly doubled in value as sales at its US locations stagnated.


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