Accountability, corporate responsibility and ethics continues to be a major focal point for global brands. On Friday restaurant chain McDonald’s [TCO] showed the world it walks the talk as the board fired McDonald’s CEO Steve Easterbrook due to a relationship he had with an employee, citing “poor judgment involving a recent consensual relationship with an employee.” This type of relationship violates the company’s policy and reason he was fired on Friday.
After investigating the situation the board made its decision. Easterbrook previously served as head of UK operations before becoming CEO and oversaw the a mix of booming company shares and stale US store sales. He also spent time as a McDonald’s restaurant manager.
According to Financial Times, Steve sent an email to employees saying, I engaged in a recent consensual relationship with an employee. This was a mistake.” ”Given the values of the company, I agree with the board that it is time for me to move on.”