Fired McDonald’s CEO resigns from NGO promoting workplace equality

  • The McDon­ald’s CEO fired over an romance has removed him­self as direc­tor of a non­prof­it sup­port­ing women in the .
  • Lor­raine Hari­ton, the CEO of Cat­a­lyst, told Insid­er Steve East­er­brook’s res­ig­na­tion on Tues­day “was the right thing to do.”
  • “Ensur­ing a work­place where every­one can thrive requires a long-term, inten­tion­al com­mit­ment from those in — espe­cial­ly CEOs,” Hari­ton added.
  • East­er­book resigned from the board of Wal­mart on Mon­day, but he remain a fel­low of Oxford’s Cen­tre for Cor­po­rate Rep­u­ta­tion, the uni­ver­si­ty said.
  • Vis­it Busi­ness Insid­er’s home­page for more sto­ries.

The McDon­ald’s CEO fired over a with a sub­or­di­nate has resigned as direc­tor of a non­prof­it back­ing equal­i­ty in the work­place.

Cat­a­lyst told Busi­ness Insid­er Steve East­er­brook quit on Tues­day fol­low­ing Sun­day’s news of his depar­ture from McDon­ald’s.

“We believe the deci­sion to remove him as CEO and from the board was the right thing to do and rep­re­sents the ’s ongo­ing com­mit­ment to build­ing respect­ful, safe, and inclu­sive work­places,” Cat­a­lyst CEO Lor­raine Hari­ton said.

“Ensur­ing a work­place where every­one can thrive requires a long-term, inten­tion­al com­mit­ment from those in lead­er­ship — espe­cial­ly CEOs.”

File photo: steve easterbrook, ceo of mcdonald's corp. , attends the annual allen and co. Sun valley media conference in sun valley, idaho, u. S. , july 10, 2019. Reuters/brendan mcdermid/file photo

East­er­brook at the annu­al and Co. Sun Val­ley media con­fer­ence in Sun Val­ley, Ida­ho.
Reuters


Cat­a­lyst part­ners with more than 800 com­pa­nies with the goal of accel­er­at­ing progress for women in the work­place.

East­er­brook’s depar­ture from McDon­ald’s will not affect his posi­tion as a fel­low at the Uni­ver­si­ty of Oxford’s Cen­tre for Cor­po­rate Rep­u­ta­tion, the told Busi­ness Insid­er on Tues­day.

East­er­book resigned from the board of Wal­mart on Mon­day.

East­er­brook’s depar­ture from McDon­ald’s has sparked debate over the accept­abil­i­ty of rela­tion­ships between staff inside com­pa­nies.

Crit­ics argue that men or women in senior posi­tions wield pow­er over sub­or­di­nates that throws the “con­sen­su­al” nature of the rela­tion­ship into ques­tion.

The iden­ti­ty, age, or senior­i­ty of the per­son involved with East­er­brook is unclear.

East­er­brook earned $15.9 mil­lion in his role as McDon­ald’s CEO in 2018, and he is set to receive at least half a ’s wages in sev­er­ance pay. Accord­ing to com­pa­ny doc­u­ments filed Mon­day, East­er­brook is to 26 weeks of sev­er­ance pay, worth about $675,000.

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