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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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  "notes": "This slide is part of an activist campaign by Starboard Value against Darden Restaurants.",
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      "text": "These assumptions are critical to determine the value of Darden’s real estate.",
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      "text": "These assumptions are critical to determine the value of Darden's real estate.",
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      "text": "The amount of rent to be paid (either in total or on a per-store basis).\nThe cap rate or multiple that the market or potential buyers would be expected to use to value the real estate.",
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      "text": "Management simply reiterates that the Company has considered options for Darden’s real estate and has decided that doing nothing is the best option.\nWe believe that the arguments management has presented are both incomplete and misleading.\nManagement has refused to disclose certain key assumptions used in conducting its real estate analysis.",
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      "text": "Management has yet to adequately respond to arguments raised publicly that a Red Lobster spin-off could substantially impair the value of Darden’s real estate.",
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      "text": "Please see our accompanying presentation focused on Darden’s real estate titled A Primer on Darden’s Real Estate.",
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