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  "docSlug": "9c639b8b1898",
  "documentTitle": "Darden Restaurants, Inc. (DRI)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-03-31 00:00:00",
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  "pageNumber": 7,
  "pageCount": 108,
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  "notes": "This is a classic activist 'villain' narrative slide, framing management's procedural moves as a deliberate attempt to suppress shareholder rights.",
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      "kind": "callout",
      "text": "If management and the Board are left unchecked, shareholders will not have an opportunity to have their voices formally heard on the Red Lobster Separation.",
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      "kind": "list",
      "text": "Management appears to be targeting completion of the Red Lobster Separation prior to the 2014 Annual Meeting (expected for September, but based on the Company's recent Bylaw amendments they now may push it back to October or later).",
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      "text": "We are concerned that one reason Darden may be hurrying to complete the Red Lobster Separation prior to the 2014 Annual Meeting is to limit shareholders' ability to influence this critical transaction through the election of an alternate slate of directors.",
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      "text": "The Board recently instituted Bylaw changes designed to allow it to unilaterally delay the 2014 Annual Meeting.",
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      "kind": "list",
      "text": "It appears the Board is going to great lengths to ensure that shareholders DO NOT have a say in the Red Lobster Separation.",
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      "kind": "paragraph",
      "text": "Management has proposed what we believe to be an ill-advised plan and appears to be rushing to complete a Red Lobster transaction before the 2014 Annual Meeting.",
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      "text": "Management appears to be rushing to separate Red Lobster prior to the 2014 Annual Meeting",
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