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  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2014-03-31 00:00:00",
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  "pageNumber": 59,
  "pageCount": 108,
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  "notes": "This slide serves as a summary of grievances against management's strategic plan.",
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      "kind": "callout",
      "text": "We believe that the strategic rationale for the Red Lobster Separation provided by the Company in its recently filed investor presentation is incomplete and highly flawed.",
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      "text": "1. Management's stated rationale for the Red Lobster Separation is questionable.\n2. Management refuses to share key supporting assumptions to demonstrate how the Red Lobster Separation will create value.\n3. Management has misled shareholders regarding customer demographics at Red Lobster and Olive Garden.\n4. Management has not adequately addressed Darden's real estate value.\n5. Management has misled shareholders regarding potential debt breakage costs.\n6. Management has misled shareholders regarding their own performance.",
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      "kind": "paragraph",
      "text": "We do not believe that management has made a compelling case that the Red Lobster Separation will create meaningful long-term value for Darden shareholders for the following reasons:",
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      "kind": "title",
      "text": "Management's arguments in support of the Red Lobster Separation are highly misleading",
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      "evidence": "The document proposes alternative solutions, including a comprehensive value creation plan and a detailed turnaround plan for Darden.",
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