Red Lobster Release Not Enough, Activist Investor Tells Darden - forbes.com -BoardProspects

Red Lobster Release Not Enough, Activist Investor Tells Darden

forbes.com Dec 23 2013 BoardNews

Restaurant operator Darden Restaurants may think releasing Red Lobster into the wild will help its bottom line, but according to an activist stance by Jeffrey Smith's investment firm Starboard Value, shedding Red Lobster isn't enough to turn Darden's operations around...
Read Full Article

Bookmark or Share this article

Login to comment.
Related Articles
- 2011 Annual Corporate Governance Review — The Harvard Law School Forum on Corporate Governance and Financial Regulation also categorized in BoardNews
- Why MacKenzie Scott Is The World’s Most Powerful Woman also written by Maggie Mcgrath, Forbes Staff
- NACD BoardVision - NACD BoardVision – “The role of the board as company spokesperson” - Resources - NACD also categorized in BoardNews
- Cracker Barrel Holders Reject Biglari's Bid for Seat also categorized in BoardNews
- Michael Kors Shares Fall As Major Shareholder Sells 5.7% Stake also written by Maggie Mcgrath, Forbes Staff
- Tensions with the Board Not the Norm, Say 98 Percent of CEOs also categorized in BoardNews
- Citing Superior Tyson Offer, Hillshire Steps Away From Pinnacle Foods also written by Maggie Mcgrath, Forbes Staff
- Alcoa Reaches Settlement With SEC And DOJ Over Bahraini Bribery Scandal also written by Maggie Mcgrath, Forbes Staff
- Starbucks Plans To Split Its Stock 2-For-1 also written by Maggie Mcgrath, Forbes Staff
- Executive Compensation: What Will 2012 Bring? — The Harvard Law School Forum on Corporate Governance and Financial Regulation also categorized in BoardNews

Search:
Categories
1. BoardProspects Features:
  Board Recruitment Publication, BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content
Quotes
1. This is of particular concern given that Olive Garden will comprise the substantial majority of Darden's consolidated earnings and be the key credit support for the company, which will be less diversified and smaller in scale post the divestiture of Red Lobster.
Topics Mentioned
- SEC
- Investment
- CEO
Authors
- Maggie Mcgrath, Forbes Staff
- Maggie Mcgrath