Mcdonald's Sues Fired CEO, Says He Lied About Conduct
Total Page：16
File Type：pdf, Size：1020Kb
P2JW224000-4-A00100-17FFFF5178F **** TUESDAY,AUGUST 11, 2020 ~VOL. CCLXXVI NO.35 WSJ.com HHHH $4.00 DJIA 27791.44 À 357.96 1.3% NASDAQ 10968.36 g 0.4% STOXX 600 364.65 À 0.3% 10-YR. TREAS. g 3/32 , yield 0.573% OIL $41.94 À $0.72 GOLD $2,024.40 À $14.30 EURO $1.1739 YEN 105.96 After Night of Looting, Chicago’s Magnificent Mile on Edge Lebanon What’s News Premier, Cabinet Business&Finance Resign cDonald’ssued ex-CEO MEasterbrook, seeking Government’s collapse to recoup tens of millions it paid him in severance and comes as protests benefits and alleging he intensify following lied about sexual relation- ships with employees be- deadly Beirut explosion fore his ouster last fall. A1 The EPA is preparing to BY JARED MALSIN rescind requirements that AND NAZIH OSSEIRAN oil-and-gas producers be equipped to detect methane BEIRUT—Lebanese Prime leaks in their systems. A2 Minister Hassan Diab and his The U.S. budget deficit cabinet resigned under pres- shrank last month as house- surefromproteststhat have holds and businesses made sought to overturn the coun- taxpaymentsdelayedfrom S try’spolitical leadership fol- NEW April, the CBO estimated. A2 G lowing last week’s deadly ex- plosion that devastated large Marriott posted itsworst parts of central Beirut. quarterly loss ever, but a OOMBER /BL “I set out to combat corrup- budding travel recovery in TS tion, but Idiscovered that cor- China offered signs of hope DIL ruption is biggerthan the as the pandemic continues to PHER state,” said Mr.Diab in atele- hit the lodging industry. B1 TO vised addressonMonday. “I Kodak shares plunged CHRIS declare today the resignation 28% after news that a SECURED: Officers blocked streets in downtowN Chicago on Monday after hundreds of looters responding to social-media of this government. God bless planned $765 millioN loan calls descended on the city’s upscale shopping area overnight after police shot a man they said had fired at them first. A3 Lebanon.” to the company was put on Beirut hasbeen rocked by hold amid congressional protestsinrecent days,with and regulatory scrutiny. B1 thousands demanding justice for the more than 150 people IACsaid it has spent just killed in the blast. The explo- over $1 billion to build a12% McDonald’s Sues Fired CEO, sion,which occurred when a stakeinMGM Resorts, with fire at awarehouse ignited a plans to work with the ca- cache of chemicals,destroyed sino operator to expand its aswath of the capital’scity online-gambling business. B1 Says He Lied About Conduct center,including thousands of The Dow rose for the homes and businesses,the seventh straight session, port of Beirut and much of the gaining 1.3%, while the city’s famed nightlife district. S&P 500 added 0.3%. The BY HEATHER HADDON found he had ashort-term, relationship,according to a Easterbrook destroyed evidence Rather than resolving the Nasdaq dropped 0.4%. B9 consensual relationship with person familiar with the in- about the sexual relationships political and economic crisis in McDonald’sCorp.said it is an employee over text and quiry. and lied about his behavior dur- LebanoN,the cabinet’sresigna- The Trump administra- suingformer Chief Executive video,but Mr.Easterbrook de- McDonald’sreopened the ing the initial investigation last tion is likely to triggermore tion outlined a plan to SteveEasterbrook and seeking nied anyphysical sexual rela- matterafter it received an fall, the complaint said. political instability in one of the commercialize a swath of to recoup tens of millions of tionships with McDonald’sem- anonymous tip in July about a During itsinvestigation, Middle East’smost important military radio frequencies dollarsitpaid in severance ployees,according to the relationship between Mr.East- McDonald’s found dozens of centersofcultureand finance for use in 5G networks. B3 and benefits, alleging that he complaint filed Monday. erbrookand an employee, ac- sexually explicit photographs and an enclave of relativesta- Nikola said it secured an lied to the boardabout sexual Investigatorswho con- cording to the lawsuit. An in- and videos of women including bility next to war-torn Syria. order for2,500 electric gar- relationships with employees ducted the reviewfor the com- vestigation found that Mr. the employees that had been “Not only do we have an bagetrucks from refuse man- beforehis ouster last fall. panydidn’t find additional in- Easterbrook allegedly engaged sent from Mr.Easterbrook’s absence of government and a ager Republic Services. B4 The fast-food giant dis- appropriatecommunications in three additional relationships corporateemail account to a political vacuum, but we’rego- missed Mr.Easterbrook with- between Mr.Easterbrook and with employees that were sex- personal Hotmail account, ac- ing to have a severe problem World-Wide outcause in November 2019, companyemployees on his ual in nature, including the one cording to the complaint and a with the function of the state following an investigation into mobile devices and so limited that triggeredthe July inquiry. person familiar with the probe. of Lebanon,” said Imad his conduct. Investigators their probe to the consensual Investigatorsfound that Mr. PleaseturntopageA2 PleaseturntopageA7 Lebanon’sprime minister and his cabinet resigned un- der pressure from protests Biotech Stocks Get a Boost that have sought to overturn China QuicklyTightens Grip the country’spolitical leader- Investors have poured a record $9.4 billion into U.S.-listed ship after last week’sdeadly biotech IPOs so far this year, amid hopes for a vaccine and blast that devastated large expected government investments in drug development. B1 parts of central Beirut. A1 On Hong Kong With Arrests China’s campaign to U.S.-listedIPOsbynumber of deals quash dissent in Hong 200 Kong accelerated with the BY JOHN lYONS racy protests, in the latest tary of State Mike arrest of pro-democracy All others AND JOYU WANG movebyauthorities to enforce Pompeo wrotethat he was media baron Jimmy Lai. A1 Biotech a newnational security law troubled by Mr.Lai’sarrest and Beijing said it would im- 150 HONG KONG—China’scam- imposed on Hong Kong. called it further proof the Com- pose sanctions on 11 U.S. citizens, including Repub- paign to quash dissent in Hong China’senforcement of that munist Party “has eviscerated Kong accelerated with the ar- lawiscontributing to the rapid Hong Kong’sfreedoms and lican Sens.Cruzand Rubio, 100 rest of pro-democracy media deterioration of relations be- eroded the rightsofits people.” in aretaliatorymeasure. A8 baron JimmyLai,sending an tween the U.S. and China.IN Sinceearly July,when au- HHS chief Azar met ominous signal about the fu- recent days,the U.S. has sanc- thorities set up aspecial en- with Taiwan’s president in Taipei, a trip made amid 50 ture of afreepress and the tioned the city’s Beijing-backed forcement bureau in aHong new limits on those challeng- leader,Carrie Lam, and other Kong hotel, democracy-themed the increasingly contentious ing Beijing’stightening grip on officials.China responded by books have been removed from U.S.-China relationship. A8 the former British colony. announcing it would sanction libraries,studentshavebeen Trump administration 0 Mr.Lai wasamong 10 U.S. lawmakers,including Re- banned from singing songs officials and Democratic ne- 2010 ’12 ’14 ’16 ’18 ’20 swept up Monday, including publican Sens.Marco Rubio of PleaseturntopageA8 gotiatorsurged each other Note:Dataare through August7each year. Source:Dealogic Agnes Chow, a23-year-old Florida andTed Cruz of Texas, to return to the negotiating politician who is well-known in retaliation. U.S. health chief praises table to craftabroad coro- forhelping to lead pro-democ- In atweet Monday, Secre- Taiwan, angers Beijing......... A8 navirus relief package. A4 Thefederal government spent nearly $250 billion What’sSalsa on enhanced unemploy- School Chief Tackles ment benefits from early April to the end of July. A4 Without Dip? Confirmed coronavirus No-Win Reopening cases topped 20 million glob- A Dull Dance ally,while the U.S. reported itslowest number of newin- iii fections in about aweek. A6 Fans say lockdown Dallas superintendent makes wrenching Ready for ProtestsgrewinBelarus choices that administrators face nationwide over the handling of the presi- version is no fun anything. dential vote,inwhich Lukash- BY TAWNELL D. HOBBS proach would gamble with enkoclaimed victory. Russia without contact their lives as Covid-19 runs pressed forstronger ties. A7 DALLAS—Schools superin- rampant in the area, citing Dell Technologies On Demand is Antarctica’s ice shelves BY KEJAL VYAS tendent Michael Hinojosa an Arizona teacher’s recent pay-as-you-go IT —giving youthe stepped on a land mine death as an example. aremelting faster than they BOGOTÁ,Colombia—Salsa while laying plans to reopen After consulting a county choice and flexibility youneed to arebeing replenished, even in areas typically thought danceinstructor Yused his 153,000-student district leader, Dr. Hinojosa changed preparefor anything. to be lessvulnerable to cli- Taborda shook his hips,side- amid the coronavirus pan- his stance. He would now al- stepped and sashayedfacing a demic. He wanted teachers low teachers to apply to matechange, astudy said. A3 wall in his apartment, seem- instructing from classrooms, work from home if they had Learn moreat ingly trying to seducehis owN even if students were at reliable internet and minimal CONTENTS Opinion.............. A15-17 shadow, while studentswatch home, to make sure they distractions. He asked a DellTechnologies.com/OnDemand Arts in Review... A13 Personal Journal A11-12 Business News...... B3 Sports....................... A14 him danceonavideo chat app. stayed focused. staffer to write new lan- Capital Journal...... A4 Technology............... B4 “One,two,three,cha-cha- “It is better for us if they guage. “I don’t want to have Crossword.............. A13 U.S.