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June 8, 2004
Market reacts to Landry's management shakeup
Shares of Houston-based Landry's Restaurants fell about 7% during Monday trading after the company announced on this past Friday that Chief Financial Officer Paul S. West had resigned "to pursue other interests." Shares of Landry's stock closed Monday at $27.66 per share, down $2.04.
Mr. West's departure follows by a month Landry's dismissal of Ernst & Young LLP as its outside auditors, for undisclosed reasons. Landry's named Grant Thornton LLP to succeed Ernst & Young.
The Houston Chronicle story on Mr. West's resignation is here. Incredibly, the Chronicle article neglects to mention that Landry's had replaced its auditor last month.
Needless to say, keep a wary eye on Landry's.
Posted by Tom at June 8, 2004 7:27 AM |
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