Monday, November 04, 2019
Et Tu, McDonald's?
Who would think the CEO of McDonald's would be fired for a relationship with an employee? It happened, and he is gone, waiting for severance. It shows a healthy concern for public relations and perception on the part of the board. It also forestalls power plays and favoritism on the part of the CEO. The board took the right action, even though Easterbrook was successful in turning the company around. There is no room anymore for skirt-chasing from a position of power. There never should have been. But, the intoxication of the rank turns heads. It is sad for McDonald's, but someone else will take over soon and the company will move on.
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