McDonald’s CEO ouster: A sign of tougher, less patient boards

by Eleanor Bloxham for Fortune

Don Thompson’s resignation comes amid a string of CEO departures that puts on full display the growing power of corporate boards.

On Wednesday, the McDonald’s MCD 5.00% board announced the retirement of its chief executive Don Thompson and the elevation to CEO of chief brand officer Steve Easterbrook, who had led the fast-food giant’s UK and European units.

The news is simply one example in a string of CEO departures since the third quarter of last year that puts on full display the growing power of corporate boards today—and their newfound willingness to exercise that power. Read more here.

 

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