fb

You can’t McFlurry Love

You can’t McFlurry Love

Until recently, Steve Easterbrook was the boss of McDonalds. He had been with them for a long time having started working for them back in 1993 as a manager in London.

Mr Easterbrook no doubt had a lot of affection for the company he ran but it turned out that he also had a lot of affection for a colleague as he had started dating a lady who also worked for McDonalds.

Although the relationship with his colleague was consensual, it didn’t go down too well with McDonalds.

According to the company, Mr Easterbrook had “violated company policy” and shown “poor judgement” (by “poor judgement” I assume that refers to him having the relationship rather than the choice of who he had the relationship with).

Now, whilst some people may say that it was a consensual relationship between two adults so let them get on with it, the key thing here is that it was against company policy and the two people involved had agreed to the company policy when they joined the firm so it’s a straight forward case of a breach of that policy.

More and more companies are having either outright bans on any relationships or are requiring individuals to disclose any relationships (I’m not a legal expert here but it does raise some interesting questions as to what is the definition of a relationship and how quickly after reaching that definition you need to notify your employer – is it minutes, hours, days…).

Mr Easterbrook won’t be short of funds to carry on wining and dining his new love as the termination package is pretty significant. He earned nearly $16m last year and will receive 26 weeks of pay on his departure.

Bloomberg estimate that his total leaving package which includes previously granted shares will be in excess of $37m.

That should buy a few romantic meals at Burger King for the two love birds.

Share this entry

Related articles

View All Articles

Recent articles

View All Articles
Comparing the Top 5 ACCA Platinum Online Course Providers
Dec 12, 2024
Title
Comparing the Top 5 ACCA Platinum Online Course Providers
Excerpt

If you’re looking to excel in your ACCA studies, choosing an ACCA Platinum Approved Learning Partner is a […]

Santa’s got a spreadsheet: office parties are changing
Dec 10, 2024
Title
Santa’s got a spreadsheet: office parties are changing
Excerpt

For generations, the annual office Christmas party has served as a time-honoured tradition—an opportunity for colleagues to celebrate […]

PlayStation turns 30: a game changer?
Dec 05, 2024
Title
PlayStation turns 30: a game changer?
Excerpt

This week it’s Happy 30th Birthday to Sony’s PlayStation. Whilst many a business student may have been longing […]

Ghosting the Algorithm: have dating apps lost their spark?
Nov 28, 2024
Title
Ghosting the Algorithm: have dating apps lost their spark?
Excerpt

In the digital age, anyone looking for romance would know about dating apps. Platforms like Tinder revolutionised how […]

Fake trades but real consequences
Nov 27, 2024
Title
Fake trades but real consequences
Excerpt

Macquarie Bank’s London branch was recently fined £13 million after a trader created fake trades to hide losses. […]

Splash out on a new purchase
Nov 25, 2024
Title
Splash out on a new purchase
Excerpt

The Swedish furniture giant IKEA often comes up with innovative advertising ideas. One of those was when they […]

Are you an adult or a kid (or both)?
Nov 19, 2024
Title
Are you an adult or a kid (or both)?
Excerpt

When was the last time you were in a toy shop or were browsing for toys online? If […]

Who invented double-entry bookkeeping?
Nov 12, 2024
Title
Who invented double-entry bookkeeping?
Excerpt

Double entry bookkeeping – for anyone who has studied accounting those 3 words may bring back fond (or […]