Tag: McDonald

McDonald’s CEO steps down after relationship with employee

NEW DELHI: McDonald’s chief executive officer (CEO) has left the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said. The fast food giant on Sunday said former president and CEO Steve Easterbrook demonstrated poor judgment. McDonald’s forbids managers from having romantic relationships with direct or indirect reports. […]

DRT summons McDonald’s India, Vikram Bakshi and asks to deposit proceeds

NEW DELHI: McDonald’s India and its estranged partner Vikram Bakshi have been directed by the Debt Recovery Tribunal (DRT) to appear before it and deposit the proceeds of the proposed settlement with respect to their joint venture firm Connaught Plaza Restaurants Pvt Ltd (CPRL). Earlier this month, fast food chain McDonald’s reached an out-of-court settlement […]

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