If your work alone doesn’t keep you at your job, maybe a BMW will. In an effort to keep its 174 general managers happy, the Cheesecake Factory provides them with a company-leased BMW every three years, the Wall Street Journal reported today.
It’s a benefit the restaurant has offered for many years. As stated in a recent filing (pdf), Cheesecake Factory executives, restaurant general managers, area directors of operations, area kitchen operations managers, and selected additional management positions are “assigned imputed income, according to IRS regulations, for his or her personal use of the automobile or is provided with an automobile allowance.
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