U.S. SEC charges McDonald’s former CEO for misrepresentations to investors By Reuters


© Reuters. FILE PHOTO: A McDonald’s restaurant sign is seen in San Diego, California March 31, 2015. REUTERS/Mike Blake/File Photo

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday said it has charged the former chief executive officer of McDonald’s Corporation (NYSE:) with making false and misleading statements to investors about the circumstances of his termination in November 2019.

The SEC said in a statement its cease-and-desist order against McDonald’s former CEO Stephen Easterbrook includes an officer and director bar and a $400,000 civil penalty.

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