McDonald's claws back $105 million from ex-CEO Easterbrook, settles lawsuit

• McD, in a probe, found former CEO lied to the company and destroyed information regarding his inappropriate behavior

• Easterbrook apologized for his conduct in a statement

McDonald’s Corp on Thursday said it had settled its lawsuit with former CEO Steve Easterbrook and clawed back his severance payment of $105 million in cash and stock in one of the largest recoveries in corporate America history.

The burger chain brought a lawsuit against its former chief in August 2020, claiming that he covered up and lied about his sexual relationships with employees.