McDonald’s Calls Out Ex-CEO in $37 Million Clawback Case (2)

McDonald’s Corp. told a judge that ex-CEO Steve Easterbrook lied about four alleged sexual relationships with subordinates to dupe directors into letting him leave with stock awards as part of his severance.

The fast food company, which is seeking to claw back at least $37 million from Easterbrook, urged the judge not to dismiss the case in a filing Monday in Delaware Chancery Court.

“If the independent directors had known the full extent of this misconduct, they would not have approved the separation agreement and would have terminated Easterbrook” in a way that denied him the grants, McDonald’s argued.

The ...