STEVE EASTERBROOK

Former McDonald’s workers who alleged rampant sexual harassment at their Michigan restaurant have reached a $1.5 million settlement agreement with the restaurant’s former owner.

FORT WORTH — Hayden Dittmar, of Kerrville and a 4-H member, has won the Reserve Champion for her Suffolk Ram at the 2022 Fort Worth Stock Show and Rodeo on

CNN chief executive Jeff Zucker admitted he was wrong in not being upfront about a consensual relationship he was having with another executive.

CNN chief executive Jeff Zucker admitted he was wrong in not being upfront about a consensual relationship he was having with another executive.

For all the potential peril of a workplace romance, the most common source of trouble, experts say, is allowing it to remain a secret.

The #MeToo movement could lead to more corporations resisting giving big payouts to CEOs who leave because of misconduct.

Steve Easterbrook has paid back equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive.

Company says former chief Steve Easterbrook lied about sexual relationships he had with multiple employees.

Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive.

Some of McDonald's franchisees are voicing support for a potential legal action against the fast food giant over $70 million in technology fees.

McDonald's shareholders approved reelecting all of the company's board members during its annual meeting based on preliminary results.

McDonald's board will likely face tough questions from shareholders on Thursday about how it handled the firing of former CEO Steve Easterbrook.

McDonald’s will mandate worker training to combat harassment, discrimination and violence in its restaurants worldwide starting next year.

An internal investigation by McDonalds of potential misconduct has extended beyond its former CEO who was forced out late last year. After Easterbrook was became McDonald's CEO in 2015 he named Fairhurst, a friend, to lead the human resource department. Yet in July, McDonalds received information from another company employee suggesting that Easterbrook had multiple affairs with subordinates. The same person also told the company about issues within the human resources department. McDonalds named Heidi Capozzi, who had worked for Boeing, as human resources chief in March.

McDonald's is facing a lawsuit from executives alleging that the chain fired African American leadership, pushed black franchisees out and lost African American customers as part of a broader racial discrimination problem at the company. The suit also names former McDonald's CEO Steve Easterbrook, current CEO Chris Kempczinski, and Charles Strong, former president of McDonald's U.S. Western zone, as co-defendants. Between 2014 and 2019, McDonald's fired 30 black officers and demoted five black officers, including the two plaintiffs, according to the lawsuit. Business Insider reported in December that McDonald's black franchisees are departing the chain as the cash flow disparity between them and their white counterparts grows wider. The suit also claims that the company stopped advertising to African American customers, leading those customers to stop frequenting its restaurants.

Easterbrook and McDonald's Chief People Officer David Fairhurst often partied with staffers after work hours, according to the Journal. Previous and current McDonald's employees also told the Journal that Easterbrook allegedly had a reputation for flirting with female employees. The Journal said Fairhurst couldn't be reached for comment and a representative for Easterbrook told the newspaper he wasn't available to comment. More than 1,000 McDonald's employees have responded via a survey. Kempczinski has also heard from other stakeholders about McDonald's culture and ethics through meetings with corporate officers, marketing managing directors and the franchise leadership of the chain's International Development Licensed markets.

LAS VEGAS, NV - JULY 27: WNBA Commissioner Cathy Engelbert addresses the media before the AT&T WNBA All-Star Game 2019 on July 27, 2019 at the Mandalay Bay Events Center in Las Vegas, Nevada. McDonald's announced Monday that it has elected Women's National Basketball Association Commissioner Cathy Engelbert to its board. Chris Kempczinski, who formerly served as the president of McDonald's USA, is now chief executive of the fast-food giant. She is the third woman on McDonald's board, joining Ancestry CEO Margaret Georgiadis and Jones Lang LaSalle Chairman Sheila Penrose. Before joining the WNBA in July 2019, Engelbert served as chief executive of Deloitte from 2015 to 2019.

McDonald's is garnering praise after deciding to fire its chief executive for having a relationship with an employee. But the decision is reigniting scrutiny of the company's handling of sexual harassment incidents that involve restaurant workers. McDonald's Chief People Officer David Fairhurst, who headed the chain's human resources department, departed the company on Monday. In August, McDonald's announced that it would introduce new workplace training for restaurant workers and supervisors centered on harassment and workplace safety. "Simply giving sexual harassment training is not sufficient," Temin said, citing studies that have shown that men can be less sympathetic to victims after receiving training.

(CNN) - Steve Easterbrook resigned from Walmart's board a day after announcing his exit from McDonald's. Easterbrook informed Walmart on Monday that he was stepping down from its board of directors effective immediately, according to a regulatory filing. The departure follows his dismissal as CEO of the fast food chain for having a consensual relationship with a McDonald's employee. Easterbrook joined Walmart's board of directors in 2018. Easterbrook had been McDonald's CEO since 2015.

As McDonald's has fallen to a seven-month low following the departure of CEO Steve Easterbrook, Chipotle has soared. "Look at Chipotle it broke above its old highs earlier in the year and that old resistance level has become new support." The charts on McDonald's look more tenuous to Maley after its recent breakdown. However, just below that new support here, just below $189, is also its multiyear trend line going back to 2016. I don't think there's any fast-food company positioned better to take advantage of that trend," Schlossberg said during the same segment.

McDonald's stock tumbled to seven-month lows after CEO Steve Easterbrook was ousted for having a consensual relationship with an employee. Five experts weigh in on what comes next for the fast-food giant. Jeffrey Sonnenfeld, senior associate dean at Yale, says new CEO Chris Kempczinski's credentials are impressive. This is one where it's pretty obvious that the stock has been under a lot of pressure. David Palmer, senior managing director at Evercore ISI, says McDonald's needs to step it up to compete.

Now investors want to know which of the 30 Dow stocks will lead the measure to its next milestone. Simply put, these are the Dow stocks that analysts expect to go up the most in the next 12 months. Despite the sudden departure of CEO Steve Easterbrook, McDonald's is the company analysts expect to run up the most in the next year. Despite 737 Max issues, Wall Street is still bullish on Boeing, betting on a return to service of the troubled plane next year. Microsoft is one of the already-hot stocks that Wall Street expects to stay hot.

McDonald's confirmed Monday that Chief People Officer David Fairhurst has departed the company, effective immediately. Fairhurst's departure follows the announcement by McDonald's on Sunday evening that the board fired CEO Steve Easterbrook for violating company policy by having a relationship with an employee. McDonald's declined to comment further, citing company policy to not comment on personnel matters or disclose the specifics of company policy. Before that role, he was McDonald's chief people officer for its European business. Other recent executive departures include McDonald's global Chief Marketing Officer Silvia Lagnado and Chief Communications Officer Robert Gibbs, who both left last month.

Dow set to open at record highsTraders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty ImagesU.S. stock futures were pointing to an all-time high for the Dow Jones Industrial Average at Monday's open on Wall Street. The Dow would join the S&P 500 and Nasdaq, which both hit intraday highs and record closes last week. The stock market has been resilient this year in the face of up-and-down headlines on the U.S. and China trade war and Federal Reserve interest rate cuts. Under Armour shares tank after company confirms accounting probePeople walks past a Under Armour clothing store in Siam Center, Bangkok.

Check out the companies making headlines midday Monday:Under Armour Under Armour shares cratered more than 18% after the apparel maker disclosed a federal probe into its accounting practices. The company also slashed its full-year revenue guidance, citing lower inventories and problems with its direct-to-consumer channels. Ryanair Ryanair's U.S.-listed shares jumped 8.7% after the discount airline posted quarterly results that topped analyst expectations. The company also raised its full-year guidance, fueled by strong sales of its Portofino and 812 Superfast models. Wright Medical Group jumped 31.9% on the news.

Under Armour Under Armour said it is the subject of a U.S. accounting probe, confirming an earlier Wall Street Journal report. The investigation is said to center around whether the athletic apparel maker shifted sales from quarter to quarter to improve financial metrics. Separately, Under Armour reported quarterly profit of 23 cents per share, 5 cents a share above estimates. Under Armour cut its full-year revenue outlook, but said its full-year earnings per share would be at the high end of its prior forecast. Bausch Health The drugmaker reported better-than-expected revenue for the third quarter and also raised its full-year revenue outlook.

Shares of McDonald's fell Monday, after the fast-food giant announced it has fired CEO Steve Easterbrook for having a relationship with an employee. The stock, which has a market value of $149 billion, was trading down more than 2% Monday. After taking the helm of McDonald's in 2015, Easterbrook led a turnaround of the company, leading the value of its stock to nearly double. His successor Chris Kempczinski, in his prior role as head of McDonald's U.S. business, worked closely with Easterbrook in efforts to turn around U.S. restaurants. Under Easterbrook, McDonald's increasingly turned its attention to technology.

(CNN) - Steve Easterbrook is out as McDonald's CEO and president after the board determined that he violated company policy, the company said on Sunday. Easterbrook, who became CEO in 2015, "demonstrated poor judgment involving a recent consensual relationship with an employee," McDonald's said in a statement. He is replaced in both roles by Chris Kempczinski, who was most recently president of McDonald's USA, effective immediately. This is a developing story. The-CNN-Wire & 2019 Cable News Network, Inc., a Time Warner Company.

McDonald's said Sunday that it had fired CEO Steve Easterbrook due to what the company described as a "recent consensual relationship with an employee" that violated company policy. Chris Kempczinski, president of McDonald's USA, will take over as CEO, according to the company's press release Sunday night. In an email to McDonald's employees, Easterbrook called the relationship a "mistake." McDonald's CEO Stephen Easterbrook unveils the company's new corporate headquarters during a grand opening ceremony on June 4, 2018, in Chicago, Illinois. Labor activists Fight for 15 and a union said in May that 25 McDonald's employees came forward alleging that they were sexually harassed on the job.

Restaurant Brands InternationalRestaurant Brands International's most recent acquisition, Popeyes Louisiana Kitchen, announced a franchising deal last week to develop 1,500 stores in China over the next decade. Popeyes is the last of Restaurant Brands' three chains to sign such a deal. Restaurant Brands' stock, which has a market value of $35.6 billion, is up 48% so far this year. Tim Hortons, which boasts that it sells eight out of 10 cups of coffee in Canada, has seen sales growth slow in its home market. Now it is looking to China's rapidly expanding coffee market for sales growth.

McDonald's earnings keep plummeting, from $1.2 billion in the first months of last year to less than $812 million this year. The 33-percent drop has the company on notice, leading to increased pressure on new CEO Steve Easterbrook. Anthony Mason reports.

In this week’s edition of “Sounds of the Toyota Green Room,” CBS This Morning co-host Gayle King chats with McDonald’s CEO Steve Easterbrook about its all-day breakfast tests in San Diego. Judith Miller talks about her book “The Story” with Gayle King.

McDonald's stock jumps following ouster of CEO After 13 months of flat or declining sales in the U.S., company announced CEO will retire. Steve Easterbrook, the former head of McDonald's Europe, will step in as CEO. But there will likely be no quick turnaround for the franchise. Anthony Mason reports on how the iconic burger chain got to this point.