News

McDonald’s former CEO pays $105 million to settle lawsuit

Published

2 years ago

December 17, 2021

ticker NEWS

McDonald’s has settled a lawsuit against its former CEO Steve Easterbrook

The lawsuit recoups equity and cash in his severance payment valued at $105 million.

McDonalds says Easterbrook would not have received the payment if he’d been “truthful” about his misconduct.

The company fired him in November 2019 after an investigation found he had engaged in a consensual relationship with another employee in violation of company policy.

The fast-food giant sued Easterbrook in August 2020, after an internal investigation.

The company alleged he lied to investigators about his misconduct, including sexual relationships with multiple subordinates.

Easterbrook has apologised, saying he had failed to uphold McDonald’s values of “doing the right thing”.

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

6 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

6 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

2 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity