McDonald's says it's suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with other employees and destroyed evidence.
Easterbrook, according to a lawsuit, approved a special grant of restricted stock, worth hundreds of thousands of dollars to one of those employees.
The company now wants to reclaim hundreds of thousands of dollars in compensation paid to Easterbrook on his departure.
McDonald's fired Easterbrook last November after he acknowledged exchanging videos and text messages in a non-physical, consensual relationship with an employee. Easterbrook told the company that there were no other similar instances.
Based on what the company knew at the time, McDonald's board approved a separation agreement "without cause" that allowed Easterbrook to keep nearly $42 million in stock-based benefits, according to Equilar, More