21
Thursday
November 2019
11:43 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
McDonald's CEO steps down after relationship with employee
 
New York: McDonald's chief executive officer has left the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said.

The fast food giant on Sunday said former president and CEO Steve Easterbrook demonstrated poor judgment. McDonald's forbids managers from having romantic relationships with direct or indirect reports.

In an email to employees, Easterbrook acknowledged he had a relationship with an employee and said it was a mistake.

"Given the values of the company, I agree with the board that it is time for me to move on," Easterbrook said in the email.

McDonald's board of directors voted on Easterbrook's departure Friday after conducting a thorough review. Details of Easterbrook's separation package will be released Monday in a federal filing, according to a company spokesperson.

The board of directors named Chris Kempczinski, who recently served as president of McDonald's USA, as its new president and CEO.

Kempczinski was instrumental in the development of McDonald's strategic plan and oversaw the most comprehensive transformation of the US business in McDonald's history, said Enrique Hernandez, chairman of McDonald's board, in a statement.

"Steve brought me into McDonald's and he was a patient and helpful mentor," Kempczinski said, thanking him for his contributions.


Jio says will increase tariffs in next few weeks in compliance with rules
IT companies may shed 30,000-40,000 mid-level staff: Pai
Sensex ends 72 pts lower; Yes Bank drops 4 pc
Vodafone-Idea believes govt won't be in conflict with Supreme Court on telco relief: Brokerages
Govt considering to reintroduce restrictions on royalty payments
Anil Ambani resigns as director of Reliance Communications
Govt working on policy to push MSME exports: Gadkari
Govt mulls raising insurance cover on bank deposits to above Rs 1 lakh: FM
Current economic slowdown episodic, says N K Singh
'RBI to cut rates by 40 bps by Feb despite high inflation'
Vodafone Idea shares tumble over 21 pc; hit record low
Rupee slips below 72-mark against USD
Sensex tumbles 229 pts as weak macro data, rupee woes weigh
Hong Kong officials fine UBS for overcharging clients
ArcelorMittal to shut Saldanha plant in S Africa, 1000 workers affected
Sebi disposes of case against ABG Shipyard
I-T dept busts Rs 3,300-cr hawala racket involving infra firms
FinMin says fundamental of Indian eco robust, reforms to stimulate investments
Allahabad Bank loss widens to Rs 2,103 cr in Q2 on higher bad loans
Sensex skids from record high as Moody's cuts India credit outlook
KERALA NEWS
Opposition leader visits injured MLA at Medical College Hospital in Kerala
 Thiruvananthapuram: Opposition leader in Kerala Assembly Ramesh Chennithala called on Congress MLA S  
Sabarimala temple opens for 2-month long pilgrimage season
Kerala: Mixed response to SC Sabarimala verdict
Orange alert in 4 districts in Kerala
INTERNATIONAL NEWS
Lankan Prez names elder brother Mahinda as PM after Wickremesinghe resigns
 Colombo: Sri Lankan President Gotabhaya Rajapaksa on Wednesday named his elder brother and former st
Nawaz Sharif meets medical experts for check-up in London
Ailing former Pak PM Nawaz Sharif leaves for London for treatment
Swedish prosecutor drops Assange rape probe
NATIONAL NEWS
Normalcy has been restored in J&K: Shah
 New Delhi: Asserting that the normalcy has been restored in Jammu and Kashmir, Home Minister Amit Sh
Cabinet approves strategic disinvestment of CPSEs
T''gana techie among 2 Indians arrested in Pak; missing since 2017, says family
Rajini, Haasan hint at joining hands for TN''s welfare
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.