Steve Easterbrook Net Worth: Most of Steve Easterbrook’s net worth and the money he has earned comes from being a CEO. Today, Steve Easterbrook’s net worth is estimated to be close to $37 million dollars.
Steve Easterbrook’s salary and income per year can vary depending on multiple undertakings as a business executive. He made estimated earnings of $15.9 million in the year 2018.
Steve Easterbrook Net Worth:
|Net Worth:||$37 Million|
|Real Name:||Stephen James Easterbrook|
|Date of Birth:||6 August 1967|
|Age, How Old:||52 Years Old|
|Place of Birth:||Watford, United Kingdom|
|How Tall, Height:||5ft 9in|
|Profession:||CEO, Business Executive|
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.
How much does Steve Easterbrook make a year?
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.
To conclude, Steve Easterbrook’s net worth is estimated to be close to $37 million dollars.
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.
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Quotes from Steve Easterbrook
“When you expand a business as fast as McDonald’s did, part of the strength you have is the process and the efficiency.”— Steve Easterbrook
“Whether that’s in communications or marketing or strategy, you need people to come in with a fresh perspective.”— Steve Easterbrook
“When you get things right, good things happen.”— Steve Easterbrook
“The business cannot ignore what customers are saying when the message is clear: We’re not on our game.”— Steve Easterbrook