Ex-McDonald’s CEO to Repay $105 Million to Settle Lawsuit (2)

Steve Easterbrook, the former McDonald’s Corp. chief executive officer who was fired over his sexual relationships with subordinates, agreed to return $105 million in cash and equity awards to settle a lawsuit by the fast-food chain.

The amount represents the compensation Easterbrook would have forfeited had he been forthcoming about his actions and been fired for cause, the Chicago-based company said. Easterbrook, 54, also apologized for the behavior that led to his 2019 ouster.

Steve Easterbrook

Photographer: Joshua Lott/Bloomberg

“During my tenure as CEO, I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of ...