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McDonald's · MCD · 2019

Steve Easterbrook

Fired over one relationship, then paid back $105 million.

Fired

Fired over a consensual relationship with an employee. McDonald's later found others he hadn't disclosed. He returned over $105 million and settled SEC charges.123

Relationship
Divorced
Outcome
Fired
News day
−2.7%
Since the news
+40.2%

Since the news

+40.2%

$193.94 on Nov 1, 2019
$271.97 on Nov 13, 2026 · 1,767 trading days

Before the newsAbove the pre-news closeBelow itThe last close before the news

The dip News day −2.7%

MCD, change since the Nov 1, 2019 close−5%0%+5%+10%+15%First trading dayOct 7, 2019Nov 4Dec 3Jan 2Jan 31Oct 7, 2019: MCD +9.3%Oct 8, 2019: MCD +8.9%Oct 9, 2019: MCD +9.7%Oct 10, 2019: MCD +9.2%Oct 11, 2019: MCD +7.8%Oct 14, 2019: MCD +7.4%Oct 15, 2019: MCD +6.8%Oct 16, 2019: MCD +7.4%Oct 17, 2019: MCD +6.7%Oct 18, 2019: MCD +7.5%Oct 21, 2019: MCD +8.2%Oct 22, 2019: MCD +2.7%Oct 23, 2019: MCD +2.7%Oct 24, 2019: MCD +1.1%Oct 25, 2019: MCD +0.3%Oct 28, 2019: MCD −1.1%Oct 29, 2019: MCD −0.7%Oct 30, 2019: MCD +1.5%Oct 31, 2019: MCD +1.4%Nov 1, 2019: MCD 0.0%Nov 4, 2019: MCD −2.7%Nov 5, 2019: MCD −0.9%Nov 6, 2019: MCD +0.1%Nov 7, 2019: MCD −0.4%Nov 8, 2019: MCD −0.2%Nov 11, 2019: MCD −0.7%Nov 12, 2019: MCD −0.3%Nov 13, 2019: MCD +0.5%Nov 14, 2019: MCD 0.0%Nov 15, 2019: MCD 0.0%Nov 18, 2019: MCD +0.2%Nov 19, 2019: MCD −0.3%Nov 20, 2019: MCD +0.1%Nov 21, 2019: MCD −0.8%Nov 22, 2019: MCD −0.4%Nov 25, 2019: MCD −1.1%Nov 26, 2019: MCD 0.0%Nov 27, 2019: MCD +1.2%Nov 29, 2019: MCD +0.9%Dec 2, 2019: MCD +1.3%Dec 3, 2019: MCD +0.2%Dec 4, 2019: MCD +0.8%Dec 5, 2019: MCD +0.8%Dec 6, 2019: MCD +1.4%Dec 9, 2019: MCD +1.0%Dec 10, 2019: MCD +1.2%Dec 11, 2019: MCD +1.0%Dec 12, 2019: MCD +1.9%Dec 13, 2019: MCD +2.3%Dec 16, 2019: MCD +2.7%Dec 17, 2019: MCD +2.0%Dec 18, 2019: MCD +1.5%Dec 19, 2019: MCD +2.3%Dec 20, 2019: MCD +2.3%Dec 23, 2019: MCD +1.8%Dec 24, 2019: MCD +2.1%Dec 26, 2019: MCD +2.3%Dec 27, 2019: MCD +2.8%Dec 30, 2019: MCD +2.2%Dec 31, 2019: MCD +2.5%Jan 2, 2020: MCD +4.2%Jan 3, 2020: MCD +3.8%Jan 6, 2020: MCD +5.0%Jan 7, 2020: MCD +5.2%Jan 8, 2020: MCD +6.9%Jan 9, 2020: MCD +8.1%Jan 10, 2020: MCD +7.6%Jan 13, 2020: MCD +7.2%Jan 14, 2020: MCD +7.6%Jan 15, 2020: MCD +8.9%Jan 16, 2020: MCD +9.4%Jan 17, 2020: MCD +10.0%Jan 21, 2020: MCD +9.6%Jan 22, 2020: MCD +9.7%Jan 23, 2020: MCD +10.7%Jan 24, 2020: MCD +9.6%Jan 27, 2020: MCD +8.6%Jan 28, 2020: MCD +9.2%Jan 29, 2020: MCD +11.3%Jan 30, 2020: MCD +12.2%Jan 31, 2020: MCD +11.0%
  1. 1Nov 4 · First trading day
Change since the close before the news
McDonald's employeeWorkplace relationship
Nov 1, 2019: Board votes him out
Other employeesUndisclosed relationships
Jul 2020: Found by internal probe
  • Acknowledged
  • Reported, unconfirmed
  • News day
PersonRelationshipStatusNotes
Former wifeNot namedEx-wifeDivorcedEasterbrook was divorced when he was fired.1
McDonald's employeeNot namedWorkplace relationshipConsensual; broke company policyNot named by the company.14
Other employeesNot namedUndisclosed relationshipsFound by McDonald's, July 2020The SEC said he hid them before his exit, which shaped what investors were told.2

  1. The board votes to oust Easterbrook after investigating the relationship.4

  2. McDonald's announces the firing on a Sunday. Easterbrook: “This was a mistake.”1

  3. Exit terms filed. Bloomberg calculates he keeps more than $37 million in options and restricted shares.4

  4. An internal probe finds other undisclosed relationships with employees.2

  5. He returns cash and stock worth over $105 million to settle McDonald's lawsuit.35

  6. SEC charges: a five-year officer and director ban and a $400,000 penalty, without admitting or denying.2

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    Daily price historyYahoo Finance · daily closes to Nov 13, 2026