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McDonald's boss bites back over £ 30 million cash out deal in war


McDonald's boss bites back in the war over a £ 30 million payout deal: The Briton, who was laid off for an affair, says the burger giant should have known about his office novels

  • Steve Easterbrook was fired last year because of a relationship with a young coworker
  • He's accused his former bosses of leading a lousy investigation
  • Documents from last week said McDonald's had no idea how many matters it was involved in

The British McDonald & # 39; s boss, who was fired over an affair, has put back efforts to recoup his £ 30million payout. He said the burger giant received explicit evidence of its office novels.

Steve Easterbrook, who was fired last year for a relationship with a young coworker, accused his former manager of leading a lousy investigation when he left the company.

Explosive legal documents said last week that McDonalds did not know how many romances the 53-year-old Mr. Easterbrook was actually involved in and labeled him a liar.

The company said it recently found "dozens of nude, partially nude or sexually explicit photos and videos of various women," including three employees, on its own email servers that had not been searched in the past year.

Denise Paleothodoros (center) dated Steve Easterbrook (right) for four years until 2018, and shared on Saturday how they planned to move in together in Chicago before they drift apart. Left picture: Denise Paleothodoros & # 39; father Dennis Raleigh

In his legal defense, Chicago-based Mr. Easterbrook said the £ 125 billion company was not thorough enough prior to signing its deal and had been getting its "new" evidence all along.

Attorney Daniel Herr, who worked for Watford-born divorced father of three, wrote, “McDonald’s wrongly tried to get out of business nine months later, despite admitting that it always had the information on which it now relies.

"McDonald's admits that the" new "information it now relies on is not new at all – rather, it has been in the company's email account stored on the company's servers since the investigation began . "

Mr. Easterbrook said he exhibited "poor judgment" regarding his relationship with a junior colleague when he was fired last November, which ended the rise from the company's accounting department to the top job.

He was once the golden boy of the "Golden Arches", turned the chain's battered fortune over and doubled the share price during his five-year tenure.

When he was paid out, he received half a year’s salary and millions of lucrative shares, a deal that McDonald & # 39; s is now looking to cancel.

However, Mr. Herr added, “Prior to entering into the separation agreement, McDonald & # 39; s conducted an in-depth investigation involving an“ independent outside attorney ”representing the independent directors of McDonald & # 39; s, its board of directors and general counsel advised.

"The separation agreement was therefore clearly a well-designed and negotiated arrangement to be shared with sophisticated parties."

Financial experts said McDonald & # 39; s have faced the kind of allegations now being made by Mr Easterbrook.

He was once the golden boy of the "Golden Arches", turned the chain's battered fortune over and doubled the share price during his five-year tenure

He was once the golden boy of the "Golden Arches", turned the chain's battered fortune over and doubled the share price during his five-year tenure

Dieter Waizenegger, managing director of CtW Investment, who led a campaign against Mr Easterbrook's payout, said the original investigation was not extensive enough.

He told the Financial Times, “It seems very strange and limited to me. The board really didn't do its job. "

And Tim Hubbard of the Mendoza College of Business in the US added, “This is the first time I've seen something like this – so that you can come back and revisit an issue that I believe most board members would like to see. that it just goes away. & # 39;

Yesterday, Mr. Easterbrook was rated "flat and scornful" after courting a public relations manager on a McDonald's private jet.

Denise Paleothodoros dated Mr. Easterbrook for four years until 2018, and on Saturday they shared how they planned to move in together in Chicago before they drift apart.

The romance began when their 15-year marriage ended and her former husband Nick told the Sun on Sunday, “He loves to play the big man. But it's flat and contemptible. "

Mr. Easterbrook was unavailable for comment. McDonald & # 39; s declined to comment on the new court records.

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