McDonald’s pays ousted chief $675,000 in severance deal

Steve Easterbrook, who had relationship with employee, also gets two-year ban on working for competitor Steve Easterbrook, the British-born chief executive said on Monday. The relationship, about which little is known, contravened McDonalds company policy. The termination was categorized as without cause, the Chicago-based firm said, signaling that the transgression wasnt so severe as the prevent him from receiving exit payments. The company said on Monday its global chief people officer, chief executive two years later. He also has Walmart. via the UK office. The termination of the two executives speaks to increasing pressure on large corporations to act decisively in instances where executives conduct threatens the reputation of the company. CEOs are the face of the company, and stake …