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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-03-31 00:00:00",
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  "pageCount": 108,
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  "density": "dense",
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  "notes": "Includes a visual poll result graphic showing 84.17% 'NO' vote.",
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      "kind": "callout",
      "text": "It is critical that shareholders be given an opportunity to formally express their views on the proposed separation before it is too late.",
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      "text": "Do you believe that management’s plan to spin-off Red Lobster will create value? 84.17% NO 117 VOTES 15.83% YES 22 VOTES",
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      "text": "According to a recent poll conducted by sell-side research firm Hedgeye Risk Management, 84% of respondents said that they did not believe that management’s plan to spin-off Red Lobster would create value.\nIn a separate survey, Bernstein Research found that, “Nearly all survey respondents (78%) evinced dissatisfaction with management; most (69%) would support an activist slate of BOD nominees including 80% of current shareholders.”\nGiven the doubts that shareholders seem to have about the Red Lobster Separation and what appears to be a broad-based lack of trust and confidence due to management’s past decisions and performance, it is highly disturbing to see management and the Board attempt to force through this highly questionable and irreversible plan without a shareholder vote and prior to the 2014 Annual Meeting.",
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      "text": "shareholder opposition: 84%",
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      "text": "Nearly all survey respondents (78%) evinced dissatisfaction with management; most (69%) would support an activist slate of BOD nominees including 80% of current shareholders. — Bernstein Research",
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      "text": "Source: Hedgeye Risk Management and Bernstein Research.",
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      "text": "Surveyed shareholders have also questioned management’s proposed separation",
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