Ex-McDonald’s CEO Can Keep Lecturing on Reputation at Oxford
“The developments don’t impact his tenure,” Rupert Younger, the center’s founder, said by phone.
(Bloomberg) -- Steve Easterbrook, the former chief executive officer of McDonald’s Corp. who was fired for having a relationship with a subordinate, will be allowed to keep his post as a visiting fellow at Oxford University’s Centre for Corporate Reputation.
“The developments don’t impact his tenure,” Rupert Younger, the center’s founder, said by phone. “He’s always been a great and extremely useful lecturer on corporate reputation, and he can now lecture from yet another perspective.”
Easterbrook is happy to keep the role, which is unpaid, Younger said. Representatives for the former McDonald’s CEO didn’t respond to requests for comment.
Visiting fellows give advice on research themes and lectures as requested by faculty members to MBA students at Oxford’s Said Business School.
The burger chain’s board voted last week to terminate Easterbrook, 52, after investigating a relationship that violated company policy. The executive had reinvigorated the sprawling restaurant network by acquiring tech-focused startups and expanding its all-day menu to include breakfast items. The shares almost doubled since he took on the position in 2015.
On Monday, Easterbrook also resigned from the board of retailer Walmart Inc.
--With assistance from Leslie Patton.
To contact the reporter on this story: Thomas Buckley in London at tbuckley25@bloomberg.net
To contact the editor responsible for this story: Eric Pfanner at epfanner1@bloomberg.net
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