Starboard demands new leadership at Darden Restaurants in latest shareholder letter
SEAFOODNEWS.COM [ValueWalk] By Marie Cabura - July 16, 2014 -
Starboard Value LP, one of the largest shareholders of Darden Restaurants, Inc. (NYSE:DRI) sent a new letter to the board of directors of the restaurant operator demanding for a new direction and leadership.
Jeffrey Smith, managing member of Starboard Value LP emphasized that the current board of Darden Restaurants, Inc. has proven that it cannot be trusted to oversee its business or to serve as an effective steward of shareholder capital.
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