Easterbrook, McDonalds Board & Discretionary Firings

The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject more fully. In this episode, Matt and I look at the recent SEC enforcement action involving Steve Easterbrook and McDonald’s.

Some of the highlights include:

  • Matt tells the tale.
  • Should Easterbrook have been initially fired for cause for violating the company Code of Conduct?
  • What were the factors for the Board in not terminating for a cause?
  • Should Easterbrook have been awarded a golden parachute the first time around?
  • Why did the SEC issue a Cease and Desist Order against Mcdonald’s?
  • What, if anything, should Mcdonald’s have disclosed?
  • What does this case say about clawbacks? Corporate culture?
  • What are the lessons learned?

 Resources

Matt Kelly in Radical Compliance

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