now with all of those details good morning. >> good morning, dom so mcdonald's says that ceo steve easterbrook been fired for violating company policy by having a consensual relationship with an employee so mcdonald's did not provide other details but says that the board determined that easterbrook demonstrated poor judgment easterbrook has been ceo since 2015 he was previously chief brand officer and head of the northern europe business and uk he acknowledged the relationship and says it was a mistake. he says given the values of the company, i agree with the board that it's time for me to move on easterbrook is being replaced by chris kempczinski immediately. chris has been overseeing 14,000 restaurants. so under easterbrook mcdonald's sold off most of its company-owned stores to franchisees to help boost profits but the company has been struggling with declining traffic in the u.s. as its been spending heavily to remodel stores they have come urn fire for how it handles sexual harassment complaints mcdonald's stock is down nearly 9% in just the past two weeks after reporting missed estimate

he was the former president of mcdonald's usa and was brought into the company by steve easterbrook. m. he did work with mr easterbrook on several of the developments so we probably will not see that much difference in his leadership. but they do have to tackle a few pr issues at the moment. they have a thing about pay. many people in britain and america are particularly are unhappy with how they are being paid. let's get some of the day's other news. the governor of the us state of california, gavin newsom, has reacted angrily to tweets by president trump blaming him for the recent wildfires and threatening to withhold federal aid. mr trump blames the governor for not doing enough to prevent the fires that have caused widespread damage. in the last two weeks blazes have spread across close to 100,000 acres of land in california. demonstrators in iraq have been blocking roads in the capital, baghdad, and other cities as they continue a wave of anti—government protests. students have been staging sit—ins, and in many places government offices have stayed closed. the unrest has been fue

he was the former president of mcdonald's usa and was brought into the company by steve easterbrook. he did work with mr easterbrook on several of the developments so we probably will not see that much difference in his leadership. but they do have to tackle a few pr issues at the moment. they have a thing about pay. many people in britain and america are particularly are unhappy with how they are being paid. it's been a weekend of celebrations in south africa, after the country's rugby team thrashed england, to win the world cup injapan. the man who led the springboks to glory was siya kolisi, the national side's first ever black captain, in a country where rugby was once the preserve of the white minority. born and raised in poverty, his success is now an inspiration to millions. 0ur africa correspondent, andrew harding has been to the city in the eastern cape, where kolisi grew up. the celebrations are continuing here on the street where south africa's first black rugby captain grew up. it's still a poor neighbourhood, but a proud one today. it's inspiring these dirty streets of m

had a consensual relationship with an employee in a statement the phosphor john's board said steve easterbrook had violated company policy and. judgment company policy forbids managers from having romantic relationships with subordinates. easterbrook took over in 2015 he also believes the board of directors has. the case for. this is tense joins me for more on that story. not this relationship was consensual and why then it was to leave well as you mentioned donald rules do prohibit monitors from having any kind of relationship of a sexual nature with subordinates easterbrook the c.e.o. of the company by definition contact with anybody at work and we don't know if this person question was a fellow high ranking executive or if maybe the person was a flipping burgers but what we do know is that the reason that these rules are in place is to prevent abuse of power and if you think about the fact that steve easterbrook last year earned $16000000.00 that's 2 cyzon times as much as the median salary at mcdonald's there's certainly an argument to be made that an equal and even relationship between hi

introduced an extra training but you can see in this context that it's not a great look for steve easterbrook to be having what the company itself deems to be an inappropriate relationship when they're at the same time trying to crack down on this kind of abuse of power and course this is also really you can't neglect movements like need to time's up in its context because we're now living in an era where the behavior of powerful men is no law it's no longer being turned a blind eye today it's coming under scrutiny and while the cynic might say that this was simply a preemptive move on the part of my mouth an optimist might say it's just an instance of corporate rigor and responsibility get ferguson from. thank you. here here's some more news stories in the news at the moment relatives of more than 100 murdered or missing women have marched in mexico city on sunday the rally in the mexican cab to was to protest against violence against women in the country 9 women and girls are killed in mexico every day that's according to the united nations. 2 ships carrying shipwrecked refugees and migrant

introduce and extra training but you can see in this context that it's not a great look for steve easterbrook to be having what the company itself deems to be an inappropriate relationship when they're at the same time trying to crack down in this kind of power course this is also really you can't neglect movements like me to time's up in its context because we're living in an era where the behave. powerful man is no it's no longer being kind of blind eye today it's coming under scrutiny and while the cynic might say that this was simply a preemptive move on the part of mcdonald's an optimist might say it's just an instance of corporate maker and responsibility. thank you. you're watching the news coming up ahead nickel sacks and big changes on the way for germany's most successful football club what next for the mighty. but 1st to the u.s. where president presidential election is just a year away and donald trump could be heading for a tough race and average of all the opinion polls put strums approval rating at just above 41 percent but more seriously for him almost 55 percent of the americ

firm says, while it was consensual, he'd "violated company the chief executive of mcdonald's, steve easterbrook "violated company policy" and shown poorjudgment. mr easterbrook, who was born in watford, is widely credited with revitalising the american fast food chain, improving its menus and restaurants and using better ingredients. 0ur consumer affairs correspondent colletta smith has more. we wa nt we want to be the best burger business out there. steve easterbrook admitted being romantically involved with an employee so today he is no longer in charge of the mcdonald's global empire. this man was a mcdonald's store managerfor ten empire. this man was a mcdonald's store manager for ten years and says everybody knows the rules. when i worked there you are not allowed to fraternise with colleagues. do think that's a reasonable rule? yeah, yeah, when you work there, it can go a bit... not everyone agrees. i don't think there should be rules against it, because you spend time with people you work with, you are going to meet someone there, aren't you? i know people who meet in offices, no problem

the wall street journal, we have only talk about this, but their analysis of steve easterbrook havinggo. it wasn't, it is one of those shock announcement that you don't expect? mcdonald's is a big company, a big figure. massive corporation and he has been the chief executive for overfour and a has been the chief executive for over four and a half years, has been the chief executive for overfour and a half years, his wages are around 15 which in itself is controversial, but it has been tied to the stock price which he has doubled in the time that he has been chief executive. unexpected but really reassuring to see that the company did put into effect a code of conduct following the me too movements, and whether or not were inclusive enough and comfortable enough a female and other types of employees, and the fact that there has been this consensual relationship, is what being described, and the question is whether or not somebody else who works at that corporation could really be in a position to say no if she didn't want to be, if you are being proposition, or starting to entertain a

mcdonald's has fired its chief executive steve easterbrook after he had a relationship with an employee.the consensual, but mr easterbrook had "violated company policy" and shown "poor judgement". in an email to staff, the british businessman admitted the relationship had been a mistake. consumer goods giant unilever has vowed to stop its brands running adverts on porn sites. it comes after its men's grooming range dollar shave club ran a campaign on a controversial pornogrophy site. unilever says it had not been aware of the campaign. a quick look at financial markets. as mentioned pan is closed today for a public holiday so do not be full by that one third of a percent drop, that was at the end of last week. but there are strong gains across the board following on from the record close on the s&p 500 on friday and and encouraging jobs report out on friday in the us basically bolstered optimism with all of the early is coming through, most beating expect patients and hopes there will be a trade truce between the us and china. some in washington are saying they could signa washington are sa

it's not part of the metoo issue but does blur. >> but is there life after this for steve easterbrook, particularly given the performance of mcdonald's while he's been there? >> yeah, i this i so you saw mark herd. he performed very well essentially a co-ceo and he's a very talented guy he admitted he made a mistake. he lost his legitimacy where he is and can learn a lesson. the ceo of intel very high-performing ceo, similarly made a major mistake this way. and sometimes these relationships, as in the case of intel, it had ended before he became ceo, but their policy is very specific that your direct reports and you can't have a relationship he had that under the policy that had forbidden it, even though he wasn't ceo when it happened, the relationship ended in 2013 when he became ceo, still he was held to those standards but he landed. he was doing a great job there i think people if you haven't killed anybody and you've shown genuine contrition, there is a path to getting a new start, but it often isn't quite the same pr innocence and power as the position you had previously. there'

firingnald's filing -- steve easterbrook.ing a consensual relationship with an employee. burgerated the berger -- chain's policy. he will be succeeded by chris. saudi arabia is offering a number of incentives to make sure aramco is a success. they cut taxes on the oil giant for a third time. it may lose dividends again. they will reward investors for holding onto shares longer. aramco reporting nine month profits fell 18%. lower oil prices hurting sales. the u.s. commerce secretary is optimistic the u.s. and china will agree on a phase one trade deal. saying there is no natural they cannot agree. he met with china's premier. the u.s. may not need to put tariffs on european cars. he said the u.s. has had good conversations with european carmakers. this is about their investment plans. last month, the u.s. struck a deal with japan. it averted the auto terror. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is b

and what it could mean for the company's future. >> reporter: the company announcing it fired steve easterbrook because of a relationship with an employee. in a letter to all of mcdonald's staff, easterbrook says the relationship was consensual but acknowledges he violated company policy, writing this was a mistake, given the values of the company, i agree with the board that it is time for me to move on. mcdonald's announced the change today, writing in a statement, the board determined easterbrook demonstrated poor judgment. >> mcdonald's is clearly trying to nip this in the bud before it becomes a huge story. >> reporter: easterbrook has been at the helm since 2015, including moving its headquarters to downtown chicago. he talked about the shift in an interview with cnbc last year. >> we tried to evolve the business in a meaningful way the past two or three years. >> mcdonald's reputation is going to be very, very interesting. >> reporter: doesn't, mcdonald's has already named easterbrook's relationship, the head of mcdonald's usa, serving up a new start for the fast food giant. bla blaine a

the s&p 500 gained 29, and the nasdaq rallied 94 points. >>> mcdonald's fired its ceo, steve easterbrookny policy by having what it calls a consensual relationship with an employee. the fast food giant said easterbrook demonstrated poor judgment, said mcdonald's forbids managers from from having romantic relationships with direct or indirect subordinates. in an e-mail to employees, easterbrook acknowledged the relationship and said it was a mistake. he had been ceo since 2015. >>> did under armour cook its books? the justice department and the sec are reportedly conducting investigations into its accounting practices. the "wall street journsaatve whetatlantic gearmaker shifted sales from quarter to quarter to make results appear stronger. under armour reports third-quarter earnings today. the company said it is cooperating with the investigations and believes its accounting practices and disclosures were appropriate. >>> now despite positive reviews and the return of star linda hamilton, "terminator: dark fate" opened well below expectations at the box office. >> you may have changed the

future >> reporter: a major shake-up at mcdonald's, with the company announcing it has fired ceo steve easterbrook because of a relationship with an employee. in a letter to all mcdonald's staff easterbrook says the relationship was consensual but acknowledges he violated company policy, writing "this was a mistake given the values of the company, i agree with the board that it is time for me to move on." mcdonald's announced the change, writing in a statement, "the board determined easterbrook demonstrated poor judgment." >> mcdonald's is clearly trying to nip this in the bud before it becomes a huge story >> reporter: easterbrook has been at the helm since 2015 and overseen major changes in the company including moving its headquarters to downtown chicago. he talked about the shift in an interview with cnbc last year. >> he tried to evolve the business in a really meaningful way the last two or three years. >> losing a person who was really behind the reputation is going to be very, very interesting. >> reporter: mcdonald's has already named asterbrook's replacement. chris kimchinski, the head o

the chief executive, steve easterbrook, was seen as someone who really...o strong, but gave ita around, that is too strong, but gave it a boost. he has been ceo since 2015 and over the last 11.5 years the share price of the company has basically doubled, prophets have taken ahead and the companies scheduled to release the latest quarterly results this week which is when they will announce the new ceo pay packet and perhaps that severance. pay packet and perhaps that severance. he was definitely credited for forging the company ahead and investing in technology and thinking about what customers really wa nt. and thinking about what customers really want. so those digital kiosks, that is all his fault. we don't have to deal with a being until you get your food. don't have to deal with a being until you get yourfood. and, as you say, things like teaming up with over a and many interesting and innovative ideas which is what mcdonald's needed. absolutely. other chains, takeaway chains, need to innovate because you are competing with more options that are becomin

steve easterbrook calling the relationship a mistake.a letter to all mcdonald staff, easter brooke says the relationship was consensual but says he violated company policy, writing this was a mistake, given the values of the company i agree with the board that it is time for me to move on. >> trevor: that's right, the c.e.o. of mcdonald's has been fired after having a consensual relationship with an imleevment this is the biggest mcdonald's sex scannedle since we saw mayor mccheese parting with jeffrey epstein in the '90s. ( laughter ) this was awkward for the person dating the mcdonald's c.e.o. what did she tell her friends? he works at mcdonald's, but not like that, not like that. he's the boss. you're dating ronald mcdonald? no, the boss! ( laughter ) also wonder if the mcdonald's c.e.o. is as strict in the bathroom as mcdonald's was about breakfast. if she got home late, she would be, like, i missed you, baby, let's go to bed. he's, like, it's after 12:00, we're not serving the sex anymore. also my ice cream machine just stopped work

steve easterbrook over his relationship with an employee.ere's jericka duncan. >> reporter: 52-year-old steve easterbrook said he made a mistake by having a consensual relationship with a mcdonald's employee. that mistake cost him his job as c.e.o. that last year earned him nearly $16 million. the board voted friday to fire him and concluded he violated company policy. in an e-mail sent to mcdonald's employees, easterbrook said, "i agree with the board that it is time for me to move on." the company would not confirm the identity of the other employee involved. attorney doug wigdor specializes in employment litigation. >> being involved in a consensual relationship in corporate america really is full of risks. one is there is a power imbalance, especially as the c.e.o., and even if someone is in a consensual relationship, that doesn't really mean that they're truly consenting. >> reporter: known for moving the company forward, easterbrook spent ioeling mcdonald's in noama and expanding food delivery services which led to 17 consecutive quar

the fast food company says steve easterbrook, who's british, had shown poorjudgement.ore about the why he's been fired? the board met on friday. when reviewing their own policies, their own rules, decided that steve easterbrook had indeed broken those rules by having a relationship with someone who is a subordinate and obviously, when you are the boss, the ceo of a company, everyone is your subordinate so that basically rules out any kind of workplace relationship. mr easterbrook then said given the values of the company he said he agreed with the board and that it was time for him to move on. he admitted the consensual relationship and said that it had been a mistake. this is a man who started his career as a branch manager in london back in 93, worked his way up through the company with a little jaunt at pizza express back in 2015 to become the global ceo of mcdonald's, arguably one of the uk ‘s most successful ceos. the share price of mcdonald's has doubled under his tenure but despite that, lots of people within the metre movement are particularly pleased to see a

steve easterbrook has been fired after violating company policy. he became ceo in 2015, and demonstrated poor judgment about a recent consensual relationship with an employee. he expressed regret. he said, this was a mistake. he said i agree with the board that it is time for me to move on. he has been replaced . investors were disappointed, down from 5.6% in the second quarter. they're concerned that they are getting competition from rivals. >>> just one unbeaten team remains in the nfl. it is not the new england patriots. the ravens beat the pats 37-20, on sunday night, led by lamar jackson. baltimore rushed four, more than 200 yards against new england. the biggest play may have come here on defense. a 70-yard fumble return for a touchdown by marlon mhumphrey. the only undefeated team standing is the niners. >>> the nationals will visit the white house today. at last one player will not be there. the story, next. >>> officials in northern california asking for the public's health looking for escaped murder suspects. the two were being held on un

the chief executive of mcdonald's — steve easterbrook — has been sacked for having a relationship withnsensual, mr easterbrook had ‘violated company policy‘ and showed ‘poor judgement‘. 0ur consumer affairs correspondent colletta smith has more. we want to be the best burger business out there. steve easterbrook has worked his way up from london store manager to the very top of the mcdonald‘s empire. making big updates to the menu, the stores, and the ingredients, he‘s doubled the value of the company. but now he‘s been fired after admitting dating an employee. kieran was a mcdonald‘s store managerfor ten years. he says everyone knows the rules. when i was working there you weren‘t allowed to fraternise with colleagues. and do you think that‘s a reasonable rule? yes, i don‘t think you should, really. when you work there it can go a bit... but not everyone agrees. i don't think there should be rules against it. you spend most of your time with people you work with. you're going to meet someone there, aren't you? i mean, i knowa lot of people who date in an office and they are fine. no p

road map begins with a shake-up at mcdonald's, firing ceo steve easterbrook for violating policy over relationship with an employee. >>> and shares of under armour under a lot of pressure, a federal probe of the accounting practices. >>> and wall street's record rally on the heels of both the s&p and nasdaq the dow is on track for new highs at the open. >>> we'll start with that stunning news from mcdonald's, the company has fired ceo steve easterbrook after he spent more than 4 1/2 years on the job. mcdonald's says he violated company policy by having a consensual relationship with an employee the new ceo is chris kempczinski, president of mcdonald's usa in an email to employees, easterbrook admitted the relationship violated policy, saying this is a mistake, given the values of the company, i agree with the board it is time for me to move on. already today, jim, one downgrade, piper to neutral, says changes of this magnitude tend to be disruptive. >> i think that's why -- i hate to say this, the stock was down badly on friday. i would like to know more about when and how long they h

steve easterbrook is out of a job after having a consensual relationship with an employee he in a statement to the company's board said he had violated company policy and showed poor judgment earlier this year some dozen mcdonald's workers filed complaints about sexual harassment and the web. saudi arabia has approved an initial public offering for the state run oil giant amoco the company will list on the stock exchange and what could be the world's biggest i.p.o. analysts say aramco has a valuation of well above one trillion dollars making it to the world's most valuable company. production trials of the model 3 and electric 4 doors to them have got underway at tesla's jain factory in shanghai the plant open to head of schedule and just part of the company's and bushes investments drive in china the country accounts for more than half of the world's electric vehicle sales. now electability is also him alive in germany where chancellor angela merkel is due to meet with car makers in berlin today with global sales of electric cars expected to grow as much as 48 percent this year the industr

from uber eats to kiosks in stores, the ousted ceo steve astor brooke -- steve easterbrook had a visionhe giant and dedicated a lot to innovation. it will be up to kempczinski to keep tabs on the efforts at the restaurants. with more, morningstar strategist, joining us from chicago. given that we are a technology show, really focus on those key innovations that mcdonald's had made, how much of the growth in the past few years really hinged on those investments in technology? >> i would say it was a major driver. i would not say it was completely dependent on technology but it was a major part. you have to factor in things like simplification, putting company stores in the hands of franchisees, but if you look at the velocity drivers, things like the kiosks in the stores, mobile orders, those were contributed -- those were very important. i wouldn't say it was the top contributor but it played a big part in the mosaic. uplor: how much has it gone given that customers are willing to go online and pay for convenience and that is perhaps what is driving that average price per check higher?

shown the dooras to steve easterbrook after he had a consensual relationship with an employee.evitalizingd with mcdonald's and has come under fire for the low pay and labor policy. he will be replaced. lots of challenges facing the new ceo. mcdonald's hoping to rebound from this. coming up, the berlin wall fell 30 years ago this week. iconic back at the moment in history after the news. man: two men are accused of being members of the so-called "beatle" cell from islamic states. woman: they've said there will be more i.s.-inspired attacks. maman: the men did not deny beig members of the british i.s. cell. woman: ...seemed unrepentant. man: they say they had not died because god had decreed that they should live. second man: i'm stuart ramsay in syria, and this is "hotspots." [camera shutter clicks] totonight, we're gonna take you behind the scenes of the world's biggest and hardest-hitting stories. alex crawford meets the oil thieves of west africa devastating the environment. man: we're doing it because we have no jobs. stuart: from centralal america,

the nasdaq up 26%. >>> mcdonald's ceo steve easterbrook has been fired after violating company policyer chain said easterbrook became ceo in 2015, demonstrated poor judgment involving a recent consensual relationship with an employee. in an e-mail to employees, easterbrook expressed regret, saying this was a mistake. i agree with the board that it's time to move on. he's been replaced by chris k p kempczins kempczinski, who was president of mcdonald's usa. easter brooke made $15.9 million last year. >>> under armour is facing investigations over its accounting practices. it is cooperating with investigations from the securities and exchange politician and the justice department. "the wall street journal" reports the probe is to whether under armour shifted sales from quarter-to-quarter to appear healthier. the company says its practices were appropriate. the department of justice and the s.e.c. declined to comment. under armour is expected to report its third quarter reports before the opening bell. >>> stormy weather dislodged a boat that's been stuck on the rocks above niagara falls

he is in a relationship with an employee in a statement the fast food giants board said that steve easterbrook had violated company policy and shown poor judgment and that policy for bids managers from having romantic relationships with subordinates mcdonald's shares have almost doubled since easterbrook took over in 2015 he will also be leaving the board of directors at macduff it's all right what will the future of transport here in germany look like that is the question that's being asked as all the industry executives meet with lawmakers here in berlin they're discussing issues that are transforming the sector including electric vehicles and old thomas driving it's called the car summit and it comes as europe's biggest carmaker bokes wagon begins production of its 1st fully electric mass market vehicle the id 3. here comes the car volkswagen has spent 3 years getting ready for mass production. the id 3 is the company's 1st purely electric model one of the world's top auto makers is now spending 30000000000 euros to get electric cars into the mainstream my number 10 dish ladies and gentlema

steve easterbrook is out of a job after having had a consensual relationship with an employee in a statement the company's board said he violated company policy and showed poor judgment donald shares have nearly doubled since easterbrook took over in 2015. a week of festivities begins in germany today to mark the fall of the berlin wall 30 years ago the big day is nov 9th marking the moment when the authorities in the east lifted the barriers and let people walk through to west berlin one med as been recording the changes in the city since that fateful night in 1989. the center of poland skyscrapers and tourists filled the streets but this was the death strip until 1909 it was part of the heavily guarded wall complex which separated west and east 150 kilometers long and then places up to 150 meters wide as oh no belinda was allowed to enter get down if you grew up in east berlin the wall stood right next to his home this is where he started taking photos. when i was rented operative i took my zoom lens and photographed it from far away. with this because it was strictly forbidden to take pic

mcdonald's announced that steve easterbrook was out effective immediately after demonstrating poor judgment consensual relationship with an employee. easterbrook is off the company's board of directors the new ceo has overseen business and strategy, and working closely with franchisees on initiatives like fresh beef, experience of future upgrades playing a role in the company's turnaround he was hired as a mentor in an email to employees now, he did get push back in regard to speed of the tech upgrades and roll out at mcdonald's as it has undergone changes. he said that he was a natural successor to easterbrook before this unfolded. but he chases a challenging environment in the food space. mcdonald's had the first miss on earnings in two years. he has to continue to build on technology momentum and delivery business as he takes on a new role so far wall street is divided on the move piper jaf res said changes of this magnitude can be disruptive, and they believe mcdonald's system is more than one man. easterbrook made nearly $16 million can't work at or consult with restaurants large and s

liberty. ♪ neil: by now you know mcdonald's has fired its ceo, steve easterbrook.rse only a few hours before jettisoning its chief people officer. i'm not sure what a people officer is, but anyway, he's out. i'm wondering if it's a one-two, this was company policy, it was violated, he should have known about it, boom. what's going on? >> well, you know, i don't know. neil: i think you do. >> you are a conspiracy theorist. look, we have to recognize that people fall in love with each other in the workplace and sometimes they report to each other. i mean, obviously he had to be fired because that was the policy and adherence to the policy only gets stricter as you go up. the problem is -- neil: even if it's mutual and all of that? >> well, that's the problem. that's the problem. i have seen in other companies where they say if it happens, and love happens, okay, report it to whoever your superior is, in this case it would be the board, and sort it out. okay? instead, easterbrook was presented with this problem which is either i'm in love or i'm fired. in which case,

this comes in the wake of friday's firing of steve easterbrook over his relationship with an employee. here's jericka duncan. >> reporter: 52-year-old steve easterbrook said he made a mistake by having a consensual relationship with a mcdonald's employee. that mistake cost him his job as c.e.o. that last year earned him nearly $16 million. the board voted friday to fire him and concluded he violated company policy. in an e-mail sent to mcdonald's employees, easterbrook said, "i agree with the board that it is time for me to move on." the company would not confirm the identity of the other employee involved. attorney doug wigdor specializes in employment litigation. >> being involved in a consensual relationship in corporate america really is full of risks. one is there is a power imbalance, especially as the c.e.o., and even if someone is in a consensual relationship, that doesn't really mean that they're truly consenting. >> reporter: known for moving the company forward, easterbrook spent billions remodeling mcdonald's in north america and expanding food delivery services which led

for steve easterbrook, it is over.e form of mcdonald's, it spelled out in the company is handled. >> any time a severe officer of the company is dating a subordinate has a adverse effect everybody around them. other people in the company say, as that person getting an advantage because of the relationship with the boss or what is going on? it is just and appropriate. in this day and age, it is unthinkable that anybody would do that. everybody gets hurt. the stockholders got hurt today. the employees got hurt. the reputation got hurt. >> neil: this type of policy is listed on most of the fortune 500 company handbooks. market watcher scott martin. and heather. heather come out this is standard corporate policy. obviously people fall in love in the workplace all the time. but this is in the policy book. it's a big no-no. what you think of it? >> it is in the policy about, and maybe it's be in the policy book for 20 years. if there was a consequence for mr. easterbrook -- if this was consensual, in my opinion, there should

business working closely with easterbrook. me of steve easterbrook.rerends he has been a big supporter of the technology and delivery t initiatit the company embarked on. and also key with the fresh beef rollout the company has been undergoing. in a lot of ways, i think he was the obvus heir apparent. >> he facesng a challen space.nment in the fast food mcdonald's recently reported disappointing earnings and the chain is up against intense competition from players like chipotle, burger king and others. operating officer departed as ef well. mcdonald's declined to comment further. r "nightly business report," i'm kate rogers. >> one more ps, mcdonald's seld that sterbrook is eligible for six months of severance pay. >> so what does it mean to you as a shareholder when a sikh makes a suddenepture? eric gordon joins us, a professor at the law school of business to talk mout this. . good to see you again, eric. >> hello, sue. >> let's sta o first wall what an investor -- what questions should an investor be asking about this situation when a

steve easterbrook brought in all-day breakfast for mcdonald's, delivery, things that really sent thehip. i find it tragic. this is the world we live in today. this is where corporations have gone, corporate culture has changed. a lot of boards have put in rules like this. steven easterbrook put out an e-mail to his employees, saying he made a mistake and he will exit the company. the stock will be down. the he knee jerk reaction is to sell the stock. it's not an operational issue. a veteran is stepping in and i'm sure he'll shepherd the company very well. cheryl: we've been talking about earnings and stocks and market and mc mcdonald's could e a drag on markets. right now, the dow is up 115, s&p is up 15, nasdaq is up 50. we've had record closes for the s&p and nasdaq. maybe the dow is going to be next this week. still ahead, a pop r late populd by millions of american teenager teenagers is the subject of a national security review. how china could be accessing their and your data. we've probably been lured in you get a free trial, try it free for 30 days. it may not be so free after

in an email to workers steve easterbrook says his conduct was a mistake and agreed it was time for him to leave. the shakeup comes as mcdonald's has been struggling with sales and restaurant traffic. profit fell this past quarter as ats remodelling stores and expanding service. >>> tesla now may be able to avoid obstructions. they have rolled out a software update to help cars detect traffic cones on the road. early users are warning that auto pilot doesn't always detect the cones which can lead to dangerous lane changes such as steering into oncoming traffic. tesla reminds drivers to pay attention at all times. guys, back to you. >> thanks. >>> let's check in with kari. >> cool temperatures and leading into another warm day. here's a live look outside in palo alto. temperatures in the upper 40s, 68 degrees by 11:00. we'll talk about the micro climates and the week ahead next. >>> we're following a crash that cleared from fremont on 680 and we'll check on what else is going on in the tri-valley. you're watching today in the bay. kim is now demonstrating her congestion. save it slimebal

reporter: tonight a major shakeup at mcdonald's with the company announcing it has fired ceo steve easterbrooktionship with an employee. in a letter to all mcdonald's staff, easterbrook says the relationship was consensual but acknowledges he violated company policy, writing this was a mistake given the values of the company i agree with the board that it is time for me to move on. mcdonald's announced the change today, writing in a statement the board determined easterbrook demonstrated poor judgment. >> mcdonald's is clearly trying to nip this in the bud before it comes a huge story. >> reporter: he's been at the helm since 2015 and was part of major changes including moving the headquarters to downtown chicago. >> we have tried to evolve the business in a really meaningful way the last two or three years. >> losing a person who is behind the reputation push to update mcdonald's reputation is going to be very, very interesting. >> reporter: tonight mcdonald's has already named easterbrook's replacement, chris kempczinski. blaine alexander, nbc news. >>> a serious strain of salmonella is forc

we do know that the board met on friday and voted to terminate steve easterbrook.details we'll bring them to you. as you mentioned in the me too movement a very interesting development here. >>> we've got a disturbing new surveillance video that shows a group carrying a white nationalist flag and recording a propaganda video in front of the emmett till memorial in summit, mississippi. they can be heard making arguably racist statements. emmett till was 14 years old when he was beaten and lynched by two white men who were not convicted of the crime but later admitted the brutal murder. the till memorial has been a frequent target of racist acts. they had to make it bulletproof because it replaced a sign that had been riddled with 20 bull s bullets. >>> in california people are preparing for the next round of wildfires with the fire risk high. the president of the united states once again yesterday going after state officials. >> you got fires eating away at california every year because management is so bad. the governor doesn't know. he's like a child. he doesn't k

the board of directors decided that steve easterbrook demonstrated poor judgment and decided to fire him. easterbrook said in an email to employees that the relationship was consensual and a mistake. the mcdonald's spokesperson declined to reveal more details about the relationship. >>> happening today the new oakland panthers indoor football team will unveil their practice facility and begin signing players. dozens of players are trying to win one of the 25 spots on the panthers roster. the new tea fln e east bay with the raiders move to las vegas. the panthers will begin playing mid-march at the oakland coliseum arena. >>> celebrities and scientists came together for the eighth annual break through prize ter mo ceremony. the ceremony at the nasa research center began with red carpet arrivals. mark zuckerberg and his wife were there to present awards. lenny kravits performed and talked about the importance of getting young people interested in science. >> there's so much pushing kids go into so many other directions, and, you know, whether it's sports, hollywood. we need as much hel

♪ >>free money tonight, the donald says announce steve easterbrook is out as president and c e o after determined he violated company policy and the company said that he knew when he became ceo in 2015 demonstrated poor judgment. involving a recent consensual relationship with an employee. in an e-mail to employees easterbrook wrote i engaged in a recent consensual relationship with an employee which violated. mcdonald's policy this was a mistake. given the values of the company i agree with the board that it's time for me to move on. bank of america is raising its minimum wage to 20 bucks an hour in 2020 that is a year earlier. >>that expected this is because banks are struggling to find workers. thanks to the tight job market. had previously planned to increase pay checks in 20 21, but the bank is now bumping up its timeline saying it wants to share the company success with its employees. 2 years ago the bank's employees got a raise to a minimum of $15 an hour. >>uber reported today that it lost more than a billion dollars in the 3rd quarter that included $401 million in stock based

the ceo of steve easterbrook define company policy by having a relationship with an employee.he move after investigating the relationship and later promoted someone else to president and ceo. the wall street journal says easterbrook sent an emailed to employees sunday acknowledging what he calls -- agreeing with the board that it's time "to move on." shery: airbnb banning so-called party houses and clamping down on unauthorized parties after a fatal shooting in california. five people died in the incident with police saying it took place in a home advertised on a short-term rental website. airbnb says it will create what it calls a dedicated party house rapid response team and expand manual screening of high-risk reservations. tycoonaustralian mining back in bloomberg's top 10 of the world's richest women as a closely held company reported improved results on prices. with net profit climbing 90%, the equivalent of $1.8 billion u.s. her personal wealth has no reason $17.9 billion. haidi: coming up next, september data due to drop in a few minutes. this is bloomberg. ♪ haidi: da

morning, a major shake up at mcdonald's, the fast food giant announcing its board has fired ceo steve easterbrook, the company saying in a statement easterbrook violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee the company did not provide any details about the relationship or name the other employee involved but in an e-mail sent to mcdonald's employees, easterbrook admits to the relationship calling it a mistake, adding given the value since 2015. of the company, i agree with the board that it is time for me to move on. easterbrook has been at the helm of the iconic fast food company since 2015 he's credited with enacting modernization efforts like ordering kiosks, he also oversaw the move of the company's headquarters to chicago in 2018 where he spoke of mcdonald's progressive philosophy under his relationship. >> we're committed to our people by creating job and growth opportunities and allow them to meet their great ambitions >> reporter: last year on cnbc, easterbrook was asked about starbucks closing its stores for a day for c

steve easterbrook tted to a relationship with an employee, which is against company policy. in a statement he said, "this was a mistake. given the vaes of the company, i agree with the board that it is time for me to move on." i spoke to wendy murphy, professor of sexual violence law. e ss of mcdonald's is fired for a consensual relationship with an employee. what is your reaction? wendy: first of all, characterizing that type of relationship as consensual is problematic because in the work clear for decades that a superior in a workplace cannot have a "consensual relationship" person male or female.ferior there are antidiscrimition laws that forbid this kind of contact because i don't think this is complicated- you don't want anyone in a position of power exploiting the power to gain sexual access to an inferior employee. laura: if this -- is this a sign of changing standards in the workplace, the fact that the board of mcdonald's felt they had to leave the ceo go? wendy: i'm not sure it is changing standards. it might be a shifting appreciation for the inttyerance of socor

steve easterbrook for engaging in a constant short relationship with an employee which is against company policy there was an eye pouring of support for easterbrook online. mcdonald's c.e.o. fired after having an affair with a nun ploy get your head out of sand she's not a victim steve shouldn't have been sacked by mike don't the need to movement is picking low hanging fruit if they are claiming steve scalp the difference today in the era of the me too movement is growing public pressure on organizations including corporations and religious institutions to hold powerful people accountable for search of abuse harassment and other bad behavior mcdonald's rules for a bid romantic relationships between managers and both direct and indirect employees easterbrook took over as chief executive in 2015 after working his way up through the company and has been widely credited with revitalizing the fast food chains restaurants and menu in a message to staff he apologized then said his this missile was the right this edition we got the opinions of legal analysts lionel t.v. and radio host current tur

steve easterbrook seems to have been a successful chief executive of mcdonalds.t his job for having a relationship with an employee of the company. not much is known about the colleague's role or their relationship — but it is described as recent, and consensual. mr easterbrook — who's british — is divorced. the food giant acknowledged the consentual nature of the relationship but said he had "violated company policy" and shown "poor judgment". the company's rules for managers prohibit them from becoming romantically involved with a subordinate. the bbc‘s nada tawfik is in newark, newjersey and joins us now. many people have met their significant partners in the workplace. in 2019, is this the sort of right approach or not?” workplace. in 2019, is this the sort of right approach or not? i think what is really interesting is that we have seen what is really interesting is that we have seen ever what is really interesting is that we have seen ever since the me to movement that companies, where the relationship is consensual or not have had to be very clear about th

steve easterbrook for engaging in a consensual relationship with an employee u.s. fast food giant had this to say about his dismissal. steve brook has separated from the company following the boy's determination that he violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee the company confirms that this leadership transition is unrelated to the company's the brae tional or financial performance mcdonald's policies forbid romantic relationships between managers and both direct and indirect employees easterbrook took over as chief executive in 2015 after working his way up through the company and has been widely credited with revitalizing the fast food chains restaurants and menu in a message to staff he apologised to and admitted his dismissal was the right decision earlier my colleague nicky aaron discussed the topic with legal analyst lionel and t.v. and radio host kanturk. i think the fact that the best c.e.o. that they've had in a long time is now going to be out of a job because of a personal issue is