Steve Easterbrook Net Worth In 2019


Steve Easterbrook Net Worth: Find below the most recent update on Steve Easterbrook’s Net Worth. We did our best to find factual information (if available) about Steve Easterbrook’s salary (per: month/year), earnings, expenses, finances, income report, property holdings and how rich in 2019.

Also read about Steve Easterbrook’s, biography, facts, wiki, who is Steve Easterbrook and personal information (if available) like; real name, age, height, partner, family and relationships in 2019.

Steve Easterbrook Net Worth | Credit: Bloomberg / Contributor

Biography

Steve Easterbrook is a 52-year-old British business executive from Watford, England, United Kingdom. The 5ft 9in tall was born on 6 August 1967.

Early Life: Stephen James Easterbrook was born and brought up in Watford, England where he experienced education at the Watford Grammar School for Boys.

Later, he spent time playing cricket at St Chad’s College, Durham University and studied natural science while he was there. He has played with the former England cricket captain ‘Nasser Hussain’ at the university.

Career: After moving out of university, he went under training as an accountant with a multinational professional service network called ‘Price Waterhouse’. Later, he joined McDonald’s (London) as a manager in 1993.

Followingly, he left McDonald’s to become CEO of a restaurant chain called ‘PizzaExpress’ in 2011, and further becoming CEO of a British restaurant chain ‘Wagamama’. Finally, he turned around back to McDonald’s in 2013.

In the wake of being a chief brand officer in the UK and northern Europe, Stephen Easterbrook then turned into the CEO of McDonald’s on 1 March 2015 after former CEO Don Thompson who left on 28 January 2015.

In 2016, McDonald’s proposed to Easterbrook with an annual salary compensation of 2x then what he was getting, this time the salary was close to $15.4 million dollars.

In November 2019, Easterbrook was suspended from his holdings as a CEO by Chris Kempczinski (president of McDonald’s USA). The governing body of McDonald’s casted votes to remove Easterbrook as he was into a relationship with an employee which is against McDonald’s corporate policies.

Personal Life: Steve Easterbrook is a divorced father of three children with former wife ‘Susie’. It’s hard to gauge if Easterbrook will be brought back into McDonald’s or not, now the former CEO resides in Illinois and is a Watford FC football fan.

Real Name:Stephen James Easterbrook
Date of Birth:6 August 1967
Age, How Old:52 Years Old
Nationality:Britisher
Place of Birth:Watford, United Kingdom
How Tall, Height:5ft 9in
Zodiac Sign:Leo
Profession(s):CEO, Business Executive
Partner:Susie (Divorced)
Years Active:Present Since — 1993

News.

4th Nov 2019: Steve Easterbrook has been a driving force behind McDonald’s growth since he took over in March 2015, he has given McDonald’s a market capitalization of $147 billion. But none of this could save him from apparently being removed from his job as a CEO.

McDonald’s Corp. had no choice but to enforce the policy on Steve Easterbrook for having a relationship with an employee. On Friday, Nov 1, 2019, Easterbrook was terminated by the voting board of the organization and under Chris Kempczinski, who runs the US operations. According to McDonald’s policy, —— “McDonald’s doesn’t allow the CEO to have a relationship with anyone in the company.”

What Steve Easterbrook had to say — “This was a mistake,” (Easterbrook said of his actions in an email sent to employees) “Given the values of the company, I agree with the board that it is time for me to move on.”

Yet after being fired, Steve Easterbrook the former CEO is set to receive half a million for is his dismissal, he is entitled to 26 weeks of pay which is amounted to be close to $675,000 for his $1.35 million a year as his base salary.

Easterbrook is also eligible for additional benefits like medical, cash incentives and other transitional assistance like stock performance, prorated payout based on McDonald’s performance which he will be eligible in March 2020. In 2018, he received a total salary of $15.9 million and $2.5 million for his short term incentive plan payout.

McDonald’s fired CEO Steve Easterbrook over employee relationship

Steve Easterbrook Net Worth

So how much is Steve Easterbrook net worth and how rich is he today. We accumulate maximum information (if available) from trusted sources to provide you with true data about salary, income, money, assets & liabilities of a celebrity.

Today, Steve Easterbrook Net Worth Is Estimated To Be Close To $40 million dollars.

Most of Steve Easterbrook’s net worth and the money he has earned comes from being a CEO. Steve Easterbrook’s salary and income per year can vary depending on multiple undertakings as an business executive.

It is hard to predict or gauge his spending habits every month as this information is private and not publicly available.

We are only updated with buying information for big transactions like; house, property, real estate, cars, jewelry, and lavish spending. This information will be listed in this article if necessary! Check for updates.

Steve Easterbrook Salary

Net Worth in 2019$40,000,000 (Approximately)
Earnings in 2018$15.9 million
Income SourceCEO
House WorthUnder Review (Will Update)
InvestmentsMcDonald’s Corp.

How Much Salary Do CEOs Get Paid?

CEO salaries keep on getting great and it’s extraordinary compared to normal workers and executives, it’s about five times as much as a top executive or manager earns in a given company.

So how is it measured? CEOs are remunerated significantly when the organization progresses. In any given typical progressing company CEOs often receive base salaries well over $1 million as well as annual bonuses.

It was reported in 1965 that CEOs of the biggest U.S. companies were banking an average sum of $924,000 (The given figure matches the dollar value in 2018) a year. That figure increased to $21 million every year according to a report from the left-inclining Economic Policy Institute (EPI).

When it comes to recent years the salary scale has increased from $17 million to $20 million for the largest U.S. firms, this is more than the yearly normal compensation of the ordinary laborer.

Celebrities have other sources of income that can make them a lot of money as well, a good number for their net worth comes from investing elsewhere.

Celebrities make money by teaching their skills, selling products on the television, selling royalties, opening businesses like restaurants and fashion labels, brand endorsement campaigns, flipping real estate, attending concerts and events for some real money.

Read Other Interesting Net Worth Stories.

How Net Worth Is Calculated?

Many of them don’t know how exactly celebrity net worth is calculated, the monetary terms of determining an individual’s net worth are by subtracting the liabilities from the assets. Net worth is the amount of accumulated money which is already debt-free.

How To determine an Individual’s net worth? The net worth is calculated by determining how much money is invested “in the bank”, or assets right now, this does not include an upcoming paycheck.

The net worth can be classified into liquid or non-liquid assets. Liquid assets can be can simply mean the money in savings account which is quickly accessible for use. Non-liquid assets include; home, jewelry, collectibles, artwork, business or service which has a monetary value after a trade.

Unlike assets, celebrities has liabilities as well, which can be a negative impact on their worth. Liabilities and debt are not a part of net worth, and this is the reason why you could see a decline in a celebrity’s net worth.

If you see a big fall in any celebrity’s net worth, it can be due to many factors including; lawful charges, divorce settlement, child care, mortgages, outstanding bills, back taxes and overheads.

Income, salary, net income or net salary is not the same as net worth. Net earnings is actually the income in hand after deductions and taxes, like Social Security and 401(k) contributions.

Steve Easterbrook Trend


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