Wednesday, September 20, 2006

Cheesecake Factory Is Reviewing Option Grants

Cheesecake Factory Is Reviewing Option Grants: "Cheesecake Factory Inc. became the latest company to report that it is investigating the pricing of stock-option grants.

The Calabasas Hills, Calif., restaurant chain said the audit committee of the board had begun a review of options-grant practices. The company said the review was voluntary and prompted by recent media and Wall Street reports of practices at other companies." [WSJ]