2019 was a very dramatic year for the business ecosystem. A global economic slowdown, reduction in profits and bankruptcy filing by many companies. But there was something else also going on behind the closed doors of corporate headquarters. Last year witnessed resignations of many top executives from big companies and start-ups. While this could be…
CEO exits have become quite frequent over the years. With dipping business performance, ethical lapses, closer investor scrutiny, government and regulatory scrutiny, public scrutiny and need to ensure that an organization appears responsible – CEOs who fall on any parameter are shown the door. In the US, 1160 CEOs have quit till date (Sept 2019). The…
Chris Kempczinski appointed as President and CEO and elected to the McDonald’s Board of Directors.McDonald’s Corporation has announced Chris Kempczinski, most recently President, McDonald’s USA, as President and Chief Executive Officer, effective immediately. Kempczinski has also been elected to the McDonald’s Board of Directors. Chris succeeds Steve Easterbrook, who had to separate from the company for violating…
McDonald’s Corp. has fired its CEO, Steve Easterbrook, for having a relationship with an employee. In a statement, the company announced that the McDonald’s Board has determined that Easterbrook violated company policy related to workplace relationships, and demonstrated poor judgment. Steve was involved in a consensual relationship with an employee. McDonald’s company policy does not…